WHY USE CFI?

 

Great Rates   -   Professional Service   -   Genuine Savings Passed to You

 

 

 

CFI offer a specialised service to medium/large developers whereby we aggregate your commercial property refinance and projected 12 month finance requirements with those of other clients to gain a “volume advantage” for each client when CFI invite financiers to submit proposals for your business.

 

CFI then conduct an annual review of your requirements and invite financiers to “tender” proposals for your business. Clients of this size generally do not incur any brokerage to ensure CFI can secure the very best deal for the client.

 

 

For experienced developers with quality projects, CFI specialises in sourcing “total development cost” (TDC) funding from top tier banks and financiers which may involve the one financier charging  higher rates for mezzanine finance and / or taking an equity position in the project.

 

 

The Financier with the Best Interest Rate is Often the Most Costly Overall

CFI will submit your application to only 2 - 3 Financiers who are most appropriate for your project and will provide the best combination of interest rates, fees, pre-sale requirements, conditions and consequently the lowest overall cost.

 

Due to the high volume of quality finance business CFI places with leading Financiers, we are able to negotiate preferential deals for our clients. This makes our service more than time/cost efficient. 

 

Hence where developers come to CFI on a deal by deal basis we will place their business with the most appropriate financier. Below are some indicative facility types for consideration. 

 

(Indicative only)

	“Premier”	“Combination”	“Smooth Start”
Funding Amount	>$2M	>$2M	>$2M
Lender Type	Banks / Financial Institutions	Banks/Merchant Banks/Trusts	Merchant Banks/ Trusts
Primary Funding LVR      (Net of GST)	Up to 85 % of Cost or 75 % of GRV	Up to 80 % of Cost or 65 % of GRV	Up to 80 % of Cost or 65 % of GRV
Mezzanine Funding LVR	---	Up to 100 % Cost	Negotiable
Primary Interest Rate	4.9 – 7 %	5.5 – 9 %	9%
Mezzanine Interest	---	18-25%	---
Application Fee	0.25%	---	---
Establishment Fees	0.40 – 0.50 %	1.5 %	1.5 %
Interest Capitalised	Yes	Yes	Yes
Maximum Loan Amount	Unlimited	$25M+	$25M+

 

 

 

CFI can source funding from Australian and International Banks and Financiers:

• 100% Development Funding
• Equity Partnership Funding

These lenders have varying interest rates, fee structures and requirements, which CFI will negotiate on your behalf.

 

Our Fees

Our Professional Service and Administration fees are assessed and quoted on an individual basis, depending on the size of the facility, source of funds and the speed with which you require the funds.

 

Ø      Our Brokerage Fee ranges from Zero to 1% + GST 

Ø        Commitment Fee of $1000 + GST

  

 

 

Our Services Mean CFI Does the Hard Work for You

 

 

Project Briefing and Documentation

 

At no cost to you, we will meet with you to gain an understanding of the project and the funds required.  If we feel we can arrange funding for your project:

Ø      A ‘Mandate to Act’ must be executed by both parties

Ø      The Commitment Fee is then payable(*)

Ø      Borrower Documentation Requirements will be provided to you

 

 

Once we have received your documentation we will:

Ø      Assess and compile the information in a user-friendly fashion

Ø      Write an Executive Summary of the proposal

Ø      Write a Strengths Analysis

Ø      Foresee and address Financier objections in our proposal

Ø      Research which Financiers are appropriate for your project

Ø      Submit your application to  2- 3 Financiers only

 

 

Expression of Interest Letter or Term Schedule

Once the application is assessed by the Financiers, one or more will provide us with an Expression of Interest Letter or Term Schedule that we will pass on to you. This will indicate each Financier’s fee structure and requirements for payment.

 

 

Indicative Letter of Offer

An indicative Letter of Offer is not something that CFI will necessarily accept in its first draft from Financiers. It is at this point that CFI will negotiate with Financiers on your behalf to achieve better rates, fees, conditions and overall requirements.

 

We then work with you to address any Financier requirements or conditions, or to provide further documentation to facilitate an Indicative Letter of Offer and Formal Funding Approval.

 

 

Professional Reports

A ‘Gross Realisation Valuation’ and Quantity Surveyor’s Report are commissioned and completed. We liaise and work with you throughout this entire process, culminating in settlement of the loan funds.

 

 

 

Settlement of the Loan Facility

No brokerage is due to CFI until settlement of the facility, unless there is to be a delay of 3 months or more between finance approval and settlement.  In this instance, CFI will require payment of 25% of agreed brokerage at the time of finance approval.

 

 

 

More About Us

 

At CFI we understand the importance of providing flexible finance solutions within your required time frames.  We are totally committed to looking after our clients’ individual requirements:

 

§         We listen carefully to our clients’ needs and objectives

§         We develop a full understanding of the project for which our clients seek funding

 

We have well-established relationships with multiple Australian and International Financiers – more than 40 at any given time – with reputations for their expertise, flexibility and reliability.   It is via this network that we have access to an almost unlimited range of financing possibilities and options that far exceed those of any single financier.

 

 

CFI can source better finance packages than a client can by going direct to the financier in the vast majority of cases. We access the appropriate products to satisfy our client’s requirements, whether it is timing, gearing, flexibility, pre-sales or price.  This saves our clients time and effort searching for the right lender with the right product.

 

As time is valuable to our clients, we streamline the loan application and approval process.  We ensure clients’ applications move as smoothly and efficiently through this process as possible:

 

§         We strive to eliminate delays due to insufficient information to lenders.  We prepare and package our clients’ applications to greatly enhance the likelihood of securing the right finance on favorable terms.

 

 

§         Our lenders respond to our submissions promptly.  They acknowledge the comprehensive and professional nature of our submissions, which are presented in each lender’s preferred format.  This maximises the likelihood of a successful approval.

 

 

 

 

Our charter is to bring our clients superior funding packages to meet their financial needs.  To maintain our success in doing this, CFI is committed to a continuous training programme for its management and staff in order to bring our clients the best:

 

Ø      Finance packages

Ø      Financial planning services

Ø      Insurance products

Ø      Leasing Facilities

 

CFI has the experience, the people, the relationships and access to the products and services to most appropriately meet the needs of our clients.