Client Funding Request Process
CFI does not charge an upfront retainer fee to initially look at a project and we do not require an exclusive engagement from the Client (only regarding CFI Contact sources). We realize that the Client may already be working with others in the attempt to secure funding. We initially process the Client’s overview for free to determine if it is the type of project that we want to work on (we turn down initial project funding requests often).
Generally speaking, the manner in which CFI will process your funding request is as follows: after the initial inquiry by the Client or broker working on behalf of the Client and receipt of the Executive Overview form, CFI will do an initial processing analysis to determine the probability of securing funding for the Client and also to determine if CFI wants to work on the Client’s project funding request. If so, CFI will send an email response outlining to the Client or broker working on behalf of the Client, what specific documentation CFI will need in a complete package to present to the CFI Contact and the FINANCIAL SERVICES CONSULTING AGREEMENT. After receipt of the complete package and processing fee, CFI will then review the complete file and continue processing. If the package is not complete, CFI may request further documentation so that the review and processing can be as thorough as possible with the information provided; CFI will then do the business analysis, select the appropriate CFI Contact for that specific project, and then CFI will package up the file to be sent to that specific, selected CFI Contact for the next phase of risk analysis and due diligence.
The CFI Contact will then conduct a careful review of the package. If the Client funding request meets the appropriate criteria, the project will also be pre-qualified by the CFI Contact and a formal proposal will be sent to the Client in the form of an engagement Letter of Interest ("LOI"). The engagement LOI will outline the funding parameters of the transaction available to the Client based on the information available at that time. Upon the Client’s receipt of the engagement LOI, they may visit directly with our CFI Contact to discuss the transaction and ask any appropriate questions, ask for clarifications, or modifications, if needed.
When the Client comes to a comfort level, and a "meeting of the minds" as to the language in the engagement LOI, agreement with the terms, and wishes to proceed, then the Client executes the engagement LOI. The execution of the formal engagement LOI shows "good faith" to CFI and to our CFI Contact that the Client has read, understands, and is in full agreement with the terms of the engagement LOI.
Depending on the protocols of the specific CFI Contact chosen by CFI, they may proceed based on the executed engagement LOI or they may issue a formal Application. If so, it will reflect the terms and conditions of the engagement LOI. At execution of the formal engagement LOI or Application, an Application fee or other type of fee may be required by a CFI Contact from the Client, subject to the complexity of the transaction, travel required, and is determined on a case-by-case basis. Lastly, assuming that the Client provides in a timely manner all of the needed documentation, 3rd party reports as needed, and complies with all underwriting requirements, funding may occur within 30-45 working days after receipt of all the documentation items required by the CFI Contact. (These procedures may vary based on the Client’s funding request and the specific CFI Contact chosen by CFI that will receive the funding request.)
BROKER INQUIRIES ARE WELCOMED AND APPRECIATED.
IMPORTANT: If you are serious about securing funding, please email us a 1 to 5 page Executive Overview or feel free to call us first.
Commercial Funding International, LLC
Mr. Jerry O'Neill, Managing Member
"Real. Smart. Funding Solutions."
Office: (503) 245-2789 Skype: jerryoneill7777
Commercial Funding International and CFI are a Trademarks of Commercial Funding International, LLC.
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