GUARANTEE: If not met, we will refund 100% of deposit:
- Lender to issue a term sheet, letter of interest or similar document.
- Lender term sheet, letter of interest or similar document to include conceptually same or similar terms as K&H funding proposal.
- Subsequent to issuance of term sheet, letter of interest or similar document, a conference call with all applicable parties and lender representative will be arranged.
- Upon lender document being executed by applicant, formal due diligence and underwriting to be performed.
WE DO NOT GUARANTEE FUNDING -- EVER!
Funding Process Overview
K&H has been in business for over 20 years and has established strong financing relationships with multiple international and domestic lenders, investors and investment banking firms. Throughout this time as commercial financing consultants, we follow an eight-step funding process.
- Receiving and reviewing initial information provided; you can submit the one page loan pre-qualifier worksheet or submit business plan, executive or project summary.
- If conceptual interest is determined from review of the initial information provided, we will request additional information. At this time we specify expected pre-closing out-of-pocket costs required to be paid by applicant.
- When this information is received and it is determined financing is conceptually feasible, a fact sheet-finance request summary is forwarded to applicant to review and make revisions.
- This information is then forwarded to potential specialized lenders for conceptual interest in addressing the financing requested. If acceptable, we will receive parameter of projected terms subject to standard underwriting and due diligence and include those terms in a K&H funding proposal.
- Included in the funding proposal are: projected parameter of terms, Consultant Service Authorization and Fee Agreement (CSAFA), reference sheet, deposit guarantee sheet, 8-step funding process and wire instructions.
- Upon execution of CSAFA a nonrefundable consultant retainer deposit is required, which is credited against success fee payable to K&H at closing.
- Your firm can be included in this agreement, for both consultant retainer deposit and success closing fee. Consultant retainer deposits typically range from $6,500-$8,500 and 1%-3% success fee payable to K&H and your firm at closing.
Consultant retainer deposits are required as follows:
- It offsets some of the incurred expenses during the funding process.
- Payment demonstrates applicant's level of commitment to the transaction.
It is imperative that the respective deposits, as outlined above, are included in the first communication to each applicant (in this case through you). Therefore; if the applicant objects to or does not have the ability to pay the standard pre-closing out-of-pocket costs, it saves all parties additional time and related costs.