Success Fees or Consulting Fee
- No Upfront Fee is required.
- No Stand-By Fees, No Application Fees, No Revision Fees, No Zoom Meeting Fees, and No Consider Fees.
- In the case of transactions that are
(a) valued at over Ten Million United States Dollars (USD 10,000,000) and;
(b) deemed by our firm to be of significant complexity and magnitude, a retainer fee shall be applicable to engage our firm’s services. The retainer fee is to ensure the clients are fully committed before we embark on the lengthy funding process, especially for project financing.
The retainer fee is non-refundable. In the event that the client elects not to proceed with the transaction with the lenders introduced by our firm after receiving a Letter of Intent (LOI) or Term Sheet, then our firm retains the right to the full amount of the retainer fee for services rendered up to that point. The retainer fee compensates us for our work, which is a comprehensive suite of consultancy services, including but not limited to communication via phone and email, sourcing and vetting potential lenders, and the preparation of credit memorandum for presentation to said lenders.
The retainer fee shall be credited towards and deducted from the final success fee. This deduction is applicable upon the closing of the loan and at the first disbursement of funds.
- A Non-Disclosure and Non-Circumvention Agreement must be established before we can work on your files.
- A Professional Services Agreement will be provided, outlining the terms and conditions of our services, our roles and responsibilities as a consultant, and your roles and responsibilities as a client.
- Consultants will not receive any fees unless clients successfully receive funding from the lenders we introduced.
- A success fee or consulting fee of 1% to 3% on the total gross loan or the total requested funding amount is typically earned at closing when clients successfully receive funding from the lender we introduced.
- The loan size, type of transaction, project location, and other factors determine the fee amount.
- Payment will be made directly to the firm or through escrow at the closing and funding of the loan and the first disbursement.