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Program SA3 Joint Venture Fund
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| Lender |
United States Lender |
| Security |
First charge over Applicant's Project along with a corporate guarantee. Personal guarantees are not required.
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| Currency |
Generally US Dollars
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| Term |
By negotiation |
| Rate |
LIBOR + 1.75%. Humanitarian projects will also be considered |
| Loan to Value Ratio |
Up to 98% of cost/value. Borrower is required to deposit, in escrow, a minimum of US$2.5 million but preferably 2% of the requested loan sum. |
| Equity Requirements |
Lender requires 20% equity in the Borrower's Project plus 2% brokerage fee deducted from the loan proceeds at closing. |
All Applications Must Be Submitted In English
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