Senior Debt funding program:
This program is designed for clients who have equity from 20% up to 30% from the face value of the project. the equity can be in a form of Cash, Liquid assets, Securities, in addition, collateral – assets lien as the first charge.
Senior debt is leveraged clients equity funds that borrowed to business/projects, the company (the borrower) must repay first. the collateral – assets lien as the first charge, If a company goes bankrupt or default, the issuers of senior debt, which are often bondholders or assets, are most likely to be repaid, possibly by selling collateral held for debt repayment.Usually the LTV 70% – 80%, and the interest 2% – 4%.
The following documents need to be submitted for review and due diligence.
- Application, Letter of intent/request (need to include, type of equity, Collateral, etc.)
- KYC/CIS includes a signatory copy of the passport. Corporate Board Resolution + Registration.
- Company profile.
- POF/Bank statement.
- An Executive summary of the project includes appraisal and feasibilities.
- Drawdown schedule / Milestones required.
Once the full package submitted, the R.M.G Capital Compliance to review, within about five business days, on green lite and decided to continue the process, the client accepts the Term Sheet with the offer of funding, the procedure, and schedules for performance.