| Genesis
provides various kinds of credit facilities designed to meet a particular
clients requirements. Each program uses a specific type of collateral
and provides a debt service structure tailored to the borrower's cash
flow. Integral cash reserves allow the client the flexibility of interest
only or amortized payments. The facilities are underwritten by well
known major financial institutions.
The following
is a brief outline of this program. Since much of what we do is proprietary,
we require a letter of intent and a confidentiality agreement from
the borrower before we can move further. These documents are for the
protection of both parties.
Sample of
available Lending Programs:
- Competitive
interest rates.
- Interest is
based on daily Prime Rate plus or minus discounts.
- Term 3 to 15
years.
- Repayment Options:
Payment amount amortized over term of loan or interest only payments
with cash reserves.
- Loan Amounts:
Ten Million US ($10,000,000.) minimum, upward loan limit depends
on client credit worthiness.
- Closings:
as early as 45 - 90 days from issuance of commitment letter and
receipt of acceptable collateral.
- Fees:
No up front fees with clients acceptable collateral, see A
& B below . Advisory fees are payable at the time funds are
drawn down. Minimal fees are due at the time of loan commitment.
Project Requirements:
For a full and
proper evaluation of the Project's merits, please have the Borrower
forward the following documents to the offices of Genesis Capital
Management Group, Ltd. via overnight courier:
- A letter of
intent addressed to Genesis Capital Management Group, Ltd.,
indicating a request for financing, the amount to be financed, and
the use of funds.
- Company
& principals legal name.
- Company
Federal ID and principals Social Security number.
- Companies
telephone, fax, e-mail number, and legal address.
- Principals
telephone, fax, e-mail number, and legal home address.
- Clear copy
of Principals passports if not U.S. citizens. Including front
of passport and photo pages with signature pages.
- Corporate
and personal financial statements for the past three years,
including footnotes.
- A description
of the Borrowers current business activities, including a corporate
history / overview and breakdown of management structure.
- A description
and overview of the project's goals / aims / activities, including
a project rationale.
- Full projections
for the next five years of the Project, including a full explanation
of financial assumptions.
- A description
of any legal action pending or finalized related to the project
and / or principal or which affects or may affect the financial
well being of the project or principals.
- Three trade
references and one bank reference, to include name and address
of institutions, contact person, telephone, fax and e-mail numbers.
Please forward
the above documents to:
Genesis Capital Management Group, Ltd.
USA
Tel: 479-361-1211
Upon the receipt
and analysis of the above documents, a meeting between Genesis Capital
Management Group, Ltd. and the Principal may be scheduled in New York
so as to properly review and negotiate a potential lending offer.
Please do not hesitate to contact us with any questions. At your convenience,
please call us so that we may fax you our preliminary, Project Information
Form to start the process.
Genesis and its
Affiliates' responsibilities may be described as follows:
- To provide
oversight, coordination and syndication of the entire lending process.
- Be available,
for presentations to the lender, with the various financial institutions
attending.
- Prepare documentation
and programming in compliance with all applicable state and federal
law and regulations.
Collateral
Alternatives:
- A: Client
Issues An Acceptable Letter Of Credit, Confirmed By A G-7
Bank .
Japan, the United States, France, Germany, Italy, Canada, and the
United Kingdom.
- B: Client
Provides An Acceptable Surety Bond, Issued By An Investment Grade
Insurance Company :
- C: Genesis
Assists In Providing An Acceptable Surety Bond By Credit Enhancing
Clients Portfolio: (Retainer Required)
Non-Solicitation
Clause
As Follows:
"This information
does not constitute a solicitation to lend in any particular program.
Rather, it provides an overview of our credit facilities available
to the general public in compliance with law."
For Additional
Information Please send E-mail to: Bank@genesisny.net
|
