Q: You have a Retainer cost for your firm's to start our financing... Why is there a Retainer cost?

 

A: When our firms accept a project, we begin expending in-house cost; on the average of $ 100.00 per hour. We have had many months of work, spent thousands of dollars & suddenly advised the client has discoverd another firm could close in a week. All our work & expences then are null & void, whereas we discovered 99% of the time when a client walks (as we call it) they come back because the "OTHER PLACE" either didn't have the financing available or didn't have the capability of setting the project for financing, thus when the client comes back, we all start all over. When you need a good lawyer, drafter, architect, accounting firm, contracting firm, any viable professional person/firm, they as well require a Retainer. When you want the very best in the specified field, there would naturally be a retainer of the professional services. (NOTE): Global Lending, Inc. has some firms that retain us yearly to fund the projects which they develop throughout a 12 month period. 

Q: How much can we get?

A: Under special circumstances, with the proper structuring, we can get you the finances needed, providing there are no serious issues surrounding the property.

 

Q: Our firm is in need of finances, however, one of our entity members has some serious judgments against them, is it possible to get the finances still?

 

A: Yes, in most cases our firm can work around individual judgments providing said judgements are not tied into the property to be financed. If the judgment is tied into the property, there again, in most cases we can either receive a lower pay-off or a subordination agreement from the lien holder.

 

Q: 5 years ago I had a property foreclosed on me due to a serious medical problem, I have been current on my business loans the past 4 years, I am in need of financing for my 2 businesses, it the foreclosure going to hurt my rate when I finance?

 

A: No, since your problem erupted with medical problems, you have been current the past 4 years with a positive payment record, our firm can still set your financing at very low commercial rates.

 

Q: The land we want to buy to build, at one time was determined to have had hazard material on it. It has since been cleaned up. Is it possible still to acquire financing to build on the land?

 

A: Yes, this being a "BIG YES" providing the cleanup has been officially recorded as such & documented either through the state or federal agency that condemned the property. With the documentation of completion, the test results filed gives you a clean green light for building on the land.

 

Q: We are looking to build some commercial buildings on a property, however, we do not have any money to put down, is there a way of financing a company having no funds available?

 

A: Most definitely there is. If your company/firm has been strong in the past with no derogatory issues, we have over 20 different sources that would issue financing of such. The bottom line of course is, as above, if your company/firm has no related issues surrounding your past productivity.

 

Q: We have a licensed patent, In searching for financing to begin making/building this patent, almost everybody I call wants us to sign the patent over to them for the loan. Is there a way of getting financing without us signing over our patent to anybody?

 

A: Yes, generally none of our sources require a client to sign over their patent; in most cases our sources only will request royalties over a period of time & not request a sign over of the patent. After all, it's your patent, you have worked hard on this and do not deserve to be asked to give it up.

 

Q: You state you travel to all your project areas for the financing, why is this?

 

A: We must inspect the property, find any problems, if any, and get those problems resolved "BEFORE" the funding sources discover them, we want to know our clients, we want to know the project, our total intention is to have "NO STANDING ISSUES THAT CAN KILL A DEAL/PROJECT" before our funding sources.