Funding Programs

Table of Contents

• Commercial Debt & J/V Lending…………………………………………………….. 3

• Commercial Funding Process………………………………………………………… 4-5

• Real Estate Collateralization………………………………………………………….. 6

• Fix N Flip Loan……………………………………………………………………...... 7

• Looking for Land……………………………………………………………………… 8

• Medical Lending…………………………………………………………………......... 9

• Short Term Uncollateralized Loan (6 to 18 Months)………………………………….. 10 -12

• Long Term Uncollateralized Loan (1 to 5 Years)……………………………………… 13

• Contact Us……………………………………………………………………………... 14

C o mm e rcial De b t & J/V Len d i n g Lending Criteria U.S. Commercial International Commercial

Loan Amounts: $2M - $200M+ $2M - $200M+

Terms: Flexible Terms Flexible Terms

LTV: Up to 75% Loan to Value Up to 75% Loan to Value

1 Year Minimum in Business 1 Year Minimum in Business

Property Types: Commercial; Condo; Hotel; Industrial;Mix Use Land; Multifamily; Retail.

Commercial; Condo; Hotel; Industrial;Mix Use Land; Multifamily; Retail.

Required Documentation:

• Resume of All Principals,• Articles of Incorporation,• Executive Summary,• Detailed Summary,• Sales & Expense (P&L),• Construction Budget (Hard & Soft

Cost),• Appraisal & Feasibility Study.

• Articles of Incorporation,• Executive Summary,• Detailed Summary,• Sales & Expense (P&L),• Construction Budget (Hard & Soft

Cost),• Appraisal & Feasibility Study.

Countries We Service: United States of America Canada, Caribbean, Central America,Mexico, and South

America

C o mm e rcial F und i n g Proce s s

Coral Gate Business Funding (CGBF) will perform a complimentary initial review of your executive summary and project overview to determine if it is the type of project that fits within the scope of our funding parameters. CGBF is selective in determining which projects and clients we accept to move forward in the funding that you may be working with others in the attempt to secure funding. As the process moves forward, the competitive terms process. Typical commercial funding amounts range between $500,000 and $50,000,000+. During the initial review phase, it is recognized from our funding sources will assist you in finalizing your selection of CGBF to complete the funding for your project.

Generally speaking, the process for completing the funding of your project through CGBF and our funding sources is as follows:1. The initial, complimentary review of your Executive Summary and Project Overview – this process can take up to five (5)

business days. During this time, CGBF will do an initial processing analysis to determine the probability of securing funding for the Client and if this determination is positive;

2. CGBF will send an engagement letter to the client to be executed and returned. At this time, CGBF may request additionaldocumentation to present to the funder;

3. Once the executed engagement letter is returned, CGBF will set up a call with the funder and the Client – this process can take up toan additional five (5) business days. The initial funding review call will take approximately 45 minutes to one hour;

4. Additional documentation may be required. If so, the client will receive an email directly from the funder to request the add itional documentation. The number of days required for this stage is directly dependent upon your ability to return all requested documents. To expedite the process, please remit all requested documentation as promptly as possible;

C o mm e rcial F und i n g Proce s s

5. After all the initial underwriting documentation is received, the client should receive a Letter of Intent (LOI) in approximately 5 to 10 business days;

6. After the LOI is signed and returned back to the funder, the full underwriting process begins. A site appraisal will be ordered by an independent organization which the client will pay as a direct pass through. The fee amount is dependent upon the size and scope of the intended projected and the property subject to the appraisal. This is a critical part of the underwriting process and can take up to twenty (20) business days to complete and receive a written report;

7. After all documentation has been received, including the appraisal report, the underwriting department will initiate a preliminary loan commitment for the client. Once this document is reviewed, executed, and returned to the funder, the final underwriting stage begins;

8. The last step to the process is final review and funding. The final review and funding takes approximately 45 to 60 days.

Please note: The total funding process takes between 70 to 100 days for the US and 90 to 120 days for international funding. It is normal to have requests for additional documentation at every stage of the review and underwriting process as additional items for attention are discovered. To minimize this stage, it is imperative that CGBF obtain all pertinent information during the initial review as we ask questions pertinent to the underwriting and funding process.

Required Documentation

6 Months Business Bank Statements

Photo ID of All Applicants Property

Tax Bill(s)

Signed ACH Authorization Form

Signed Application

Voided Check

Please Note:

• Funds can be used for any businesspurpose.

• Land; residential; and commercialproperties are acceptable forms ofcollateral.

I/O(Interest Only)

$100,000 to $2,000,00036 Month Maximum Term

Interest Only Payments

Daily Or Weekly Payments

No Minimum Credit Score

• Interest only payments for the first 6months.

• Ability to pay-off principal amount after 6 months w/ no prepayment penalty.

• Balloon payment at the end of term.

Real Estate Collateralization

Traditional(Short Term Business Loans)

$25,000 to $2,000,000

$70,000 Average Loan Size

6 Month Minimum Term

36 Month Maximum Term

No Minimum Credit Score

• Regular Amortizing Loan• Requires Payment of Principal &

Interest Throughout Entire Term

Fix N Flip LoansLending Criteria

Cash Now12 MO. LOAN

After Repair Value(ARV) 12 Mo. Loan

Residential18 Mo. Loan

With6 Mo. Extension Option

Commercial18 Mo. Loan

With6 Mo. Extension Option

LTV Up to 80% Purchase; Up to 65% of the AfterUp to 65% Refinance Repair Value

Up to 80% Purchase;Up to 50%

Cash-Out Refinance

Up to 70% Purchase;Up to 50%

Cash-Out Refinance

FICO No Set Minimum 600 No Set Minimum 600

Occupancy Non-Owner Occupied; Tenant Occupancy a Plus

Non-Owner Occupied Non-Owner Occupied; Tenant Occupancy a Plus Tenant Occupancy a Plus

Typical Property 1 – 4 Family Mixed Use; Office; ApartmentTypes Residential

1 – 4 Family Residential 1 – 4 Family Residential Complex; Warehouse; Retail

Property TypeExclusions N / A N / A N / A No Gas / Repair / Storage of Auto

/ Boat / Motorcycle; No Industrial

Termination Fee 1% After Month 9 1% After Month 9 N / A N / A

Pre-Pay Penalty N / A N / A 2% Prior to Month 9 N / A

Extension Fee N / A N / A 2% for 6 Months 2% for 6 Months

Min. Loan Amt. $50k $75k $50k $100k

Max. Loan Amt. $2.5M+ $2.5M+ $2.5M+ $2.5M+

Looking For LandPre-Development J/V Funding Deals

What we are looking for:

• Developers or Landowners who own 50 acres or more of land; that are seeking to partner with an investor in order to maximize land value.

• Developers or Landowner who’s land is in the pre-entitlement phase and are seeking funding to secure entitlements and other pre- development cost.

• Landowners seeking funding and management of the land development process.

• Our sweet spot is $1-$5 Million.• Can easily do up to $20 Million.

Land AcquisitionsWhat we are looking for:

• Land MUST BE in the pre-entitlement phase.

• Large lots of land (100 acres and up.)• Willing to look at smaller lots if the lot is

still in the pre-entitlement phase.

• Our main focus is on land in Western U.S.• Although we will look at Eastern U.S.

Basic Underwriting Criteria• Less than $1 Million in debt.

• Less than 20 LTV.

Medical Lending

Program Features: Use Funds For:

• Amounts from $20,000 to $250,000.

• 24 hour approval.

• With funding in as few as 72 hours.

• Competitive fixed rates.

• Flexible terms available.

• No hard collateral required.

• Won’t appear on personal credit report.

• Debt consolidation.

• Increase cash flow.

• Expansion and improvement.

• Purchase equipment.

• Market your services.

• Practice acquisition.

• Build emergency reserve.

• The choice is yours!

Short Term Uncollateralized Loan 6 to 18 Mon th Terms

Underwriting Basics: Minimum Cash Flow Requirements:

• Minimum of 1 year in business.

• 2 years seasoning on a bankruptcy discharge.

• 80% of business ownership must personally guarantee the loan.

• Open tax liens are OK if they are in a documented payment plan.

• Personal credit scores are checked to ensure minimum

thresholds are met.

• Primary residence mortgage and business rent must be current.

• 2 years seasoning on primary residence foreclosure.

• Minimum number of deposits per month: 10

• Minimum amount of deposits per month: $10,000

• Minimum average daily balance: $3,000

• Allowable NSF activity: 5 in most recent month; 10 in recent

3 months.

• Allowable negative ending days: 3 in most recent month; 6

in recent 3 months.

• Inconsistent and negative trending deposit/daily balance

activity is a red flag.

Short Term Uncollateralized Loan 6 to 1 8 Mon th Terms

Loan Size

Fixed Payment Loans$5,000 to $150,000

Term 6, 9, 12, 15 or 18 Months

Interest Simple

Payment Fixed

Pay Period Daily

Payment Method Direct Debit from Bank

Account ACH

Security Personal Guarantee/Non-Collateralized

Credit Qualification Time Instant

Decision Time 24-48 Hours

Collateral Required None

Short Term Uncollateralized Loan 6 to 1 8 Mo n th T er m s

Standard Documents for Submission

Submission Check List

Special Circumstances:Provide if the circumstance exists

• 3 Months business bank statements.

• Most recent business tax return.

• Copy of business owner’s driver’s license(s)

• Need a minimum of 80% of ownership to

Personally Guarantee – provide all licenses.

• Copy of voided check from the business bank

account.

• Copy of application.

• Seasonal Businesses:• If the business has inconsistent deposits due to a

seasonal business provide 12 months’ business bank statements and an explanation.

• Tax Lien:• Provide documentation in a plan with the IRS and

proof that payments have been made.• Taxes on Extension:

• Provide letter authorizing Funder to contact the CPAand provide CPA contact info.

• Franchise:• We will verify the franchise status. Provide the contact

info for the franchise.• Merchant has another loan/MCA:

• Provide balance and terms of outstanding loan(s).

Long Term Uncollateralized Loan1 to 5 Year Terms

Borrows FICO > 620

Business Revenue (most recent tax return year) > $150,000

Business Net Income (at least 1 of last 2 tax return years) >$0

Years in Business ≥ 2 years

Bankruptcies (business and/or personal)At least 7 years agoThe following scenarios are acceptable:

4 or fewer tax liens (on personal or business side, not combined) filed in the past 10 years

Tax liens in aggregate sum <$1k filed within the past 3 years that are outstanding where the borrower is not on a payment plan

Tax Liens (business and/or personal)

Tax liens filed within the past 10 years in aggregate sum <$5k that are outstanding where the borrower is not on a payment plan

No Prior History of Criminal Activity No Sole Proprietorships or Non-Profits

Required Documentation (for all applications) 2 Years Business Tax Returns

Verification Documentation (as necessary) 1 Year Personal Tax Returns Business Debt Worksheet Interim Financials (YTD P&L and Balance Sheet) only for >$300k requests Guarantor Form only for additional shareholders and/or guarantors

Driver’s LicenseCompleted FC Wire Transfer Form

Contac t Us

Angel Torres Lending Team Leader Dir

AM CAPITAL RESOURCES

C: 305.582.1104 O: 305.388.7400 | F: 954.637.1888E: AM@CapitalResorces.com | :

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