Commercial real estate owners have been turning to mezzanine financing solutions in response to the decline in the loan-to-value ratio available from first-lien private lenders and constraints on the amount of equity available for certain property types. Given the lack of traditional financing options and the ability to layer in mezzanine financing on a cost-effective basis, an increasing number of Palm Tree Financial client's are finding our mezzanine debt and preferred equity financing to be the answer to their funding needs.Our mezzanine product line offers considerably more flexibility to structure coupon, amortization and covenants to accommodate the specific cash flow requirements of our borrowers. Structuring the financing terms to meet the unique needs and circumstances of each particular deal is the key ingredient to our successful mezzanine and preferred equity product line.
Initial Documentation Required to proceed to a Term Sheet/Letter of Interest:
-Bio's for all Principals (must include a list of current
and or previously owned real estate/projects)
-Financial Statements for Principals
-Credit reports for all Principals (within the last 90 days)
A completed Financing Request Form (see "Forms" tab at the top of this page).
Executive Summary on the subject asset or,
Offer Memorandum on the subject asset if the transaction is an acquisition
Color Photos of the subject property (color rendering if new construction)
Detailed Sources & Uses of Funds
Detailed Construction Plans
Detailed Construction Budget
Five Year Detailed Performa
Feasibility Study (if available)
Business/Asset complete tax returns for the last three years
Personal complete tax returns for the last three years on all
Current Business/Asset Balance Sheet and Profit and Loss Statement
Previous Third Party Reports
-Engineering (property solutions report)
-Owners Title Policy
-General Inspections (roof, termite, etc.)
Current Insurance Policies (copy of declaration page)
Any other information you believe to be of importance please include
Palm Tree Financial cannot complete a proper review and
ultimately produce terms and or a quote we can stand behind without a complete submission package from you. Kindly submit a complete package electronically, we prefer all packages to be submitted via email/electronically, we do have the capability to receive large files electronically. If you are not able to generate some of the required documentation, Palm Tree Financial does offer documentation services (e.g. Performas, Executive Summaries, Source & Uses of
Funds, etc), please visit the tab at the top of our website
"Documentation Services Offered" for more details.
If you are a referring Broker you must complete
the PTFC Referral Agreement and accompany the
Referral Agreement with your submission (this agreement
is only required on your first submission). You can
find PTFC's Referral Agreement under the "Partner with Us"
tab at the top of this page). PTFC will not review
any financing submission without an executed
referral agreement by the referring Broker and or
Third Party referring source.
General pre-screen turn times are 3-5 business days.
PALM TREE FINANCIAL WILL NOT REVIEW ANY
PROPOSAL FOR FINANCING THAT IS NOT A COMPLETE