Virginia Beach, VA
Class: Residential & Commercial
Area: all states Commercial funding -
Residential funding State of VA Limits
Total Sq. Ft.
Acres:
Area: all states Commercial funding -
Residential funding State of VA Limits
Total Sq. Ft.
Acres:
Reduced Price!
| 1800 sqft $200,000 |
| Condo $100,000 |
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| FEATURED PROJECTS |
757.490.3940
Info@4wardcdc.com
Info@4wardcdc.com
With conventional lending becoming increasing hard to obtain we recommend that our clients
explore this option; 100% financing is available for Construction, Business Acquisition and
Project Funding for all types of transactions. The rates are very favorable ranging from 5.50% to
9.50%. Interest only payments can be arranged.
The client is required to escrow pre‐paid interest at 10% of the requested loan amount with the
lender’s attorney within 5‐7 days after the client signs the LOAN COMMITMENT. The Loan
Commitment is subject to due diligence. At closing the pre‐paid interest will be released to the
lender with permission to draft the account monthly in order to pay interest. An important
feature of this transaction; if for any reason the loan is not funded the full amount on deposit in
escrow will be returned to the client, less the hard cost of appraisal, inspections and third party
due diligence.
This loan does not have strict lending guidelines. The lenders are very flexible, easy to work
with and accommodating. This program is also available internationally.
explore this option; 100% financing is available for Construction, Business Acquisition and
Project Funding for all types of transactions. The rates are very favorable ranging from 5.50% to
9.50%. Interest only payments can be arranged.
The client is required to escrow pre‐paid interest at 10% of the requested loan amount with the
lender’s attorney within 5‐7 days after the client signs the LOAN COMMITMENT. The Loan
Commitment is subject to due diligence. At closing the pre‐paid interest will be released to the
lender with permission to draft the account monthly in order to pay interest. An important
feature of this transaction; if for any reason the loan is not funded the full amount on deposit in
escrow will be returned to the client, less the hard cost of appraisal, inspections and third party
due diligence.
This loan does not have strict lending guidelines. The lenders are very flexible, easy to work
with and accommodating. This program is also available internationally.
Commercial Process
Project funding
Suitable projects:
1. Office or commercial real
estate
2. Student Housing
3. Healthcare properties
4. Hotels
5. Multifamily
6. Retail
7. Industrial
8. Restaurants
9. Night Clubs
10. Green Projects
11. Natural Resources/Mining
1. Office or commercial real
estate
2. Student Housing
3. Healthcare properties
4. Hotels
5. Multifamily
6. Retail
7. Industrial
8. Restaurants
9. Night Clubs
10. Green Projects
11. Natural Resources/Mining
Features of the loan:
• No application fee, due diligence fee or pre‐closing fees
• Timing for Closing: 60‐120 days from escrow payment ‐ depending upon the project and
project preparation time
• To qualify, the client must have a minimum of 10% in cash available to be placed in
facilitating Attorney escrow trust account
• All fees and points are paid out of closing proceeds
• 10% due at contract signing (transferred from escrow) – Held as prepaid interest reserve
• Draw down schedule for construction
• Legal Services: Outside counsel approved by lender and paid by Borrower
• Third‐Party Reports, such as inspections, appraisals, etc. Required for funding
• Recourse: Negotiable; Carve‐out provisions always apply
• Balloon payment at end of term – up to 10 years
• No application fee, due diligence fee or pre‐closing fees
• Timing for Closing: 60‐120 days from escrow payment ‐ depending upon the project and
project preparation time
• To qualify, the client must have a minimum of 10% in cash available to be placed in
facilitating Attorney escrow trust account
• All fees and points are paid out of closing proceeds
• 10% due at contract signing (transferred from escrow) – Held as prepaid interest reserve
• Draw down schedule for construction
• Legal Services: Outside counsel approved by lender and paid by Borrower
• Third‐Party Reports, such as inspections, appraisals, etc. Required for funding
• Recourse: Negotiable; Carve‐out provisions always apply
• Balloon payment at end of term – up to 10 years
At closing:
1.) 4 pts origination fee – paid from closing proceeds
2.) Broker fees included in origination fees – 2% to Project Funding, LLC
Outside Brokers are permitted to have separate Fee Protection Agreement with client
3.) No upfront fees – all fees paid out of closing proceeds
Projects presently being funded:
1.) $300M Global Construction
2.) $65m resort – Costa Rica
3.) $11M Movie ‐ Hollywood
4.) $80M Hotel acquisition & Development – Caribbean
1.) 4 pts origination fee – paid from closing proceeds
2.) Broker fees included in origination fees – 2% to Project Funding, LLC
Outside Brokers are permitted to have separate Fee Protection Agreement with client
3.) No upfront fees – all fees paid out of closing proceeds
Projects presently being funded:
1.) $300M Global Construction
2.) $65m resort – Costa Rica
3.) $11M Movie ‐ Hollywood
4.) $80M Hotel acquisition & Development – Caribbean
Project Presentation &
Designer William Perry
Designer William Perry
4WARD CDC
3145 Virginia Beach Blvd.
Virginia Beach VA 23452
4wardcdc.com
Tel:. 757-490-3940
Fax.: 757-490-9305
3145 Virginia Beach Blvd.
Virginia Beach VA 23452
4wardcdc.com
Tel:. 757-490-3940
Fax.: 757-490-9305
| 3 bdrm Home $160,000 |
| Perry & Associates Build Inc. 3145 Virginia Beach Blvd Ste 210 D Virginia Beach, VA 23452 Mobile: 757-235-7727 Fax: 757-490-9305 |