Projects in the following industries, among others, are eligible for funding:
Multi-Family; Senior Housing; Nursing Homes and other health facilities; Anchored Retail Development;
Industrial; Hotels, Resorts and other Tourism and Leisure Development; Manufacturing;
Warehousing and Distribution; Power Plants and Alternative Energy Generation; Natural Resource
Exploration; Mining and Extraction; Refining; Processing; Telecommunications; Large-scale
Farming and Agro-Industry; Environmental Remediation, Sports Stadiums, Transportation Hubs, Airports & Casinos
Qualified projects backed by viable clients are eligible for immediate financing so long
as they comply with then applicable Corbanc financing parameters (which generally are set in
reference to the degree and level of Corbanc’s comfort or confidence in the project and the client,
and the strategy, the funding capacity and the level of interest of the lending groups and investors
whose funds have been aggregated to support qualified projects). Corbanc assists funding
applicants during the application and loan processing period by providing clients with close
coordination, monitoring and supervisory services.
Corbanc’s competitive position in the project-funding arena draws heavily upon the way it structures its investment protocols to encourage funding support for beneficial economic development projects with sound econometrics. Those protocols direct clients to present their balance sheets so that the current market value of all land, buildings, infrastructure and other assets owned by the clients are reflected. In contrast, some funders require that assets be reflected on balance sheets at the actual purchase price paid for those assets by the clients. Corbanc’s approach benefits Corbanc clients in that the equity portion of the client’s initial investment often can be greatly reduced.
The typical time frame for closing most project loans can be as long as 60-120 days from the initial submission of a completed intake form and an accompanied by full underwriting package of the project. This expedited and simple process leads to considerable cost savings and
process efficiencies, the benefits of which can be passed back to the well-prepared client who has properly prepared the qualified project opportunity for funding. In short, if the project offers extended benefits that support economic development, satisfies other attributes of value to the Syndicate, and projects revenues that support the servicing requirements of the loan, the project
will be funded.
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