Clayhall Merchant Bank

Investments Group
Project Funding Questionnaire

(Please answer all questions and return by email as a Word document.

Blank answers will delay processing. Use “N/A” for those questions that do not apply.)

 

Project Name:

Date Submitted:

Person Submitting: Include contact information.

Total Amount of Funding Requested: Indicate if JV or financing.

If JV, how much equity will you give up:

Project Details

Description:

Location:

Parcel Size:

Competition:

Land Acquisition Status:

Entitlements Status:

Utilities Status:

Time to complete:

 

Project Financials

Financials: Do you have a Business Plan and Financial Statement prepared for your project? Note: We cannot process a Funding Request without an up-to-date Executive Summary, Business Plan and Financial Statement.

“As Is” value:

Owner’s Capital:

How much of your own money do you currently have at risk in this project and can you provide proof of these personally invested funds?

How much additional money do you have that you could put into the project?

Will you travel for an on-site visit to meet face-to-face and discuss your project if you had to?

Current Total Owner’s Equity: Include how calculated.

Projected Completed Value:

Total Costs: (Hard and Soft)

Net Profit:

 

 

Funding Request

Loan Requested: Ask for the full amount you want.

Minimum Loan Needed:

Type of Funding: Type(s) you are looking for and why? (Angel, Venture, debt, equity, private placement, permanent, construction, etc.)

Use of Funds:

Current Bank: Have you tried to obtain this funding, or possibly a Letter of Credit, from your own bank?

Sources: Are you working with any other potential funding sources for your project? If so, who?

Special Terms: Do you need special loan/investment terms? (Reserve interest, line of credit, financing of fees and/or points, etc.)

How Long Looking: How long have you been looking for funding for your project?

Length of Investment: How long will you need these funds?

Return on Investment: What do you anticipate the total return on the investment will be, before debt service?

Collateral:

Do you or your company own commercial real estate for collateral? (If you plan to use real estate as collateral, you may be asked to provide an appraisal no more than 6 months old.)

Do you own publicly traded stock? What value?

Does your company have authorized shares? If so, what percentage would be available for potential investors?

Do you have cash reserves? How much?

Do you have monthly merchant business (MasterCard and Visa Card, etc.) coming in? How much?

Do you have capital equipment? What value?

If no collateral, how do you propose to minimize the risk to our lenders/investors?

Exit Strategy:

Benefits to Investor: Please describe why investors/lenders should fund your project.

Repayment: How would you prefer to repay our lender/investor? Please provide a proposed repayment plan including any options, i.e. amortized, after sale units, etc.

Developer / Borrower

Name: Name of Company or Individual applying for funding?

Contact information: Complete address, phone number, fax, email, website (if any)?

Company Overview: Brief description of the company, years in business, type of business, view of current financial condition of company and who or what put the company into its current position?

Ownership: Please indicate percentage of ownership (5% or greater) and include short bio. Note that short bios for key management personnel, must be included here. Complete resumes should be available and can be forwarded later with other documents).

Credit Score: Average credit score for each borrower principal.

Revenue: What is your company's annual revenue? (Note: You may need to provide business or personal tax returns to support revenue claims and list any third parties attached to your project; or who will be due any payments or commissions.)

Due Diligence Fee: After a “Letter of Interest” is issued, you may be required to pay the lender’s due diligence fee. Are you prepared to pay this?

Miscellaneous: Are there any "skeletons in the closet" (bankruptcies - if discharged, note date; foreclosures, criminal convictions, FTC or SEC fines or settlements, pending civil litigation, etc.) that we need to be aware of prior to submitting your Funding Request to our investors/lenders? (Note: An affirmative answer to this question does NOT preclude your Funding Request from being accepted; but PRIOR disclosure is a requirement.)

Special Comments: Is there anything else you feel we need to know that might help us to help you to obtain the funding you need for your project?


Submitted by: ____________________________________________ Date: ______________________

Complete Contact Information:

Name:

Address:

Phone:
Fax:

Cell:

Website:

Broker Name: if applicable Broker Phone:

Documents for Due Diligence: After engagement with investor, you will need to furnish the following documents:

§ Business Plan for Project

§ Use of Funds

§ Color photographs of the existing property (3+)

§ Construction Plans and Specs

§ Construction Budget (itemized)

§ Borrowers’ bio/resume

§ General Contractors license for project GC

§ Personal Financial Statement of Borrower principals

§ Last 3 years corporate and individual tax returns, and YTD financials

§ Company Income Statements, Balance Sheets, and Cash Flow Analysis

§ Appraisal, “As is” and “As completed”

§ Purchase Agreement (fully executed)

§ Pre-sales if any

* * * When completed, please sign and return by either email
with your “Project Name” in the subject of your e-mail. * * *