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Q: Is Phoenix Lending a Broker or a Direct Lender?
A: Phoenix Lending is a Direct Lender. We are licensed by the State of California Department of Real Estate.
Q: Do you only make construction loans?
A: Phoenix Lending finances many types of projects both domestically and internationally.
Q: How much of a down payment will I need to get a project funded?
A: You will need 15% Equity Contribution to begin. All points and fees are built into the loan and 1-3 year(s) interest depending on the business plan. The 15% will be refunded at closing because it is merely used to pay the placement fees for your leased instrument.
Q: How large will my monthly payments be?
A: There are 12-36 monthly interest payments which are already included in your loan so that you won't need to make any payments out of your pocket for the 1-3 year(s).
Q: Do you have a substantial pre-payment penalty?
A: There are no pre-payment penalties whatsoever! In fact, just the opposite. We offer a buy-down provision to reduce your interest rate for the entire loan if you can pay us off quickly!
Q: What if I have a prior bankruptcy or bad credit?
A: Our loan is a Transaction based loan.
- No FICO scoring is used!
- No income or employment verification!
The loan is subject only to the Future (completed) Value of the project.
Q: What types of projects do you finance?
A: We finance:
| Acceptable Funding Scenarios | |
| Construction Financing Shopping Centers Office Blocks Medical Centers Marinas Dams Ports Construction & Development Educational Buildings International Ports Project Financing Bridges Toll Roads Condominiums Resort Developments Film Funding Industrial Business Centers Commercial Buildings Retirement & Nursing Homes Energy Projects Chemical Plants Finance Mergers & Acquisitions Venture Capital Debt Loans |
Office Complexes Beachfront Developments Mall Hotels Motels City-Walk Developments Industrial Business Centers Low Cost Housing Development Acquisition Financing Ship Financing Aircraft Financing Factories Industrial Projects Airports Schools Hospitals Government Buildings Communication Infrastrucure Venture Capital Resort Centers Theme Parks Golf Courses Bridges Infrastructure Development Medical & Environmental Facilities |
Q: How long will it take before I get my funds?
A: 30 banking days after the execution of the Intent to Fund Memorandum and receipt of the equity contribution.
Q: How are my funds secured?
A: We have a one million dollar fidelity bond to secure against any losses associated with doing business with our company. For wires over one million, we use an attorney's escrow account where the funds will be held before being released to our Issuer.
Q: How do I get started?
A:
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