Most of the processes of funding revolve around a process called “Collateral Transfer Facilities”, which come with an agreement to extinguish any encumbrance against the Guarantee and allows it to lapse prior to expiry. They are issued under ICC758 banking protocol standards and simply through due diligence, the applicant may actually be declined their opportunity to participate.
Following the initial review of your Funding Submission Overview, the Funder will confirm its instructions to have us initiate due diligence on your portfolio and present you with its suggested Funding Options being one or a mix of either:-
If this option is chosen, the Applicant should place his agreed Cash Funds into a Special Purpose Vehicle (SPV) account (Must be a top 25 Rated Bank) in the Clients name with a director from U-Horizon named as a Non-Authorised (Nominee) Signatory.
A 20% Shareholding of the Project holding Company in favour of U-Horizon Ltd. If this option is chosen, the Applicant should issue Cash/Bank Instrument/Sovereign Bank Guarantee in favour of our subsidiary GHD for the amount agreed upon. This is based on 10 % to 50 % off, of the build costs.
This will be considered as a Holding Deposit for the period of the build.
There are NO repayments of the Loan, nor is there any interest due as this is covered by the 20% shareholding.
After these documents are received, subject to some internal due diligence, the Funder will issue its Letter of Commitment and Terms Sheet (normally within 10-14 days thereafter).
This Option requires a 10 % Shareholding of the Project Holding Company in favour of U-Horizon Ltd but released after the loan is paid back. If this option is chosen, the Applicant should issue Cash/Bank Instrument/Sovereign Bank Guarantee in favour of our subsidiary GHD for the amount agreed upon. This is based on 10% to 50% off, of the build costs.
23 Devonshire St,
London,
W1G 6PG
Company Registered in England and Wales, Company No. 08549122
