Development Financing

Prospector Investments is pleased to offer a commercial source of funding that seems too good to be true in today’s marketplace.  We have diligently searched and secured a relationship with a private trust fund management company that provides up to 100% financing for many different project types.  This company is based out of San Antonio, Texas and has over 10 years experience in land acquisition, site development, and ground-up construction. The company principals bring over 100 years of experience in the fields of real estate development, oil and gas exploration, gas and electric utilities operations, construction and special programs contracting.

Prospective clients wishing to participate in private equity funding programs must first submit a letter of transmittal on company letterhead requesting consideration of their project, along with an “Executive Summary” of the project and all accompanying documents (i.e. cash flow projections, feasibility studies, permits, cost estimates, draw schedule, resumes of principles, business plan etc.). The request must be signed by a Key Principal of the company or project.  After review of the project, a letter of further consideration or rejection will be issued. If accepted for further consideration, the company will issue a Letter of Interest along with an email delineating, in summary form, the terms offered, and the detailed process required to begin the program. The outline of the process is as follows:

A)    The lender requires a complete business plan which they will review within 5 days of receipt of the plan and provide a YES/NO answer within that period of time

B)    Assuming a YES answer, the Lender’s servicing company (Abbeyko Investments) will issue a Letter of Engagement to sign and return.  This will also be accompanied by an email from the lender which will contain preliminary terms and conditions

C)    The Engagement requires a non-negotiable fee of $60,000.00

D)    Once the Engagement process has begun all communications take place between the principles and their lawyers when and if needed

E)    At the time of Engagement the Letter of Interest process is complete the client will receive a Memorandum of Understanding (MOU)

F)     Once the MOU is agreed to an irrevocable Letter of Commitment for the total amount of the loan request will be sent within 48 hours to the client

G)    The next step is for the client to collateralize 20% of the loan amount within six weeks after the Letter of Commitment has been signed and approved by both parties (this collateralization can come in several forms and will be returned to the client upon successful completion of the project) [please contact for further clarification]

H)    The closing process is estimated to take 12 weeks (or less) after the Letter of Commitment has been approved

Our experience in presenting a variety of clients to this funding source has been very successful and we look forward to working with you to accomplish your business objectives. If you have any questions please don’t hesitate to contact me.