This is a grant program for large commercial development projects which need funding and serve the public good.
As some of you may know, we have been working on coming out with our own development loan. In the course of doing that we have gotten the inside track on a private foundation that is linked in with the World Bank and a large international bank out of Europe. This is for developers who have cash or access to cash north of $10 Million. They can get $70-$100 Million for every $10 Million for development. It is not a loan, it is PURE EQUITY. And there is NO RISK to their principal. Here is how it works:
- $10 Million Cash in account (Bank of America or JP Morgan Chase)
- Client can receive between 7-10 times that amount for project.
- Must involve job creation, green energy, infrastructure or humanitarian concerns.
- No residential development, i.e. houses or condos. Apartments would be hard to do but if in the right area could work.
- Candidates: Individual Investors/developers, For-Profit & Non-Profit corporations, governmental entities, etc.
WILL WORK FOR MOST INTERNATIONAL PROJECTS AS WELL.
They need to park the cash into US Treasuries at Bank of America or JP Morgan Chase. The accounts are in their name so they never lose custody of their money. They need to agree to leave the Treasuries there for 1 year. They get 7-10 times that in foundation money that is pure equity-they do not need to pay it back. After 1 year they can do with the money what they want. It stays safe in US treasuries. Here is the good news-THEY CAN CLOSE IN 3 WEEKS! There are 4 days to clear the money and make sure it is not terrorist money (per the Patriot Act) and then it funds out 2 Fridays after that. There are billions of dollars available so if someone parks $30 Million in treasuries, they can get $200-$300 Million for projects-cash, no debt.
To send a deal in we need our Executive Summary form filled in and a copy of their statement (account numbers can be blacked out) proving their assets. With that we can get initial approval and get out the contract. It is free, no up-front fees, to submit. The only money paid out will be transactional, a couple of days before closing to purchase the treasuries – a very clean program.
The players involved are major and once the client signs our agreement they will clearly know everyone involved and feel VERY comfortable.
If you have any deals that fit the formula – send them to me right away. Feel free to call me at 248-327-0566 if you need more information about this wonderful grant program.
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