Expertise & Services

Funding Real Estate Development Projects and Business Smoothly

Plans and visions are a real estate entrepreneur’s specialty. They understand the language of real estate development; zoning, government approvals, architectural design, infrastructure, economic opportunity, cash flow, mergers, acquisitions, expansion, etc. However, just having the location, insight, and a good project does not insure that financing will automatically be available. Managing the specific requirements of lenders and constantly changing economic conditions can be critical to the success of even the most promising development.

A Borrower whose financing application takes into account the requirements and guidelines of lenders and investors will receive funding in record time. A Borrower, who does not, can spend months or even years going from lender to lender only to have their loan request delayed or rejected in loan committee – without understanding why.

How Do We Know This?

CMN Funding Dominican Republic principals have spent over a decade in senior positions in the commercial real estate field. CMN Funding's founder, Stephen Frank, has been acquiring commercial loans across the United States since 1999. CMN Funding DR also can act as a developer and/or partner actively involved with the principal in helping development. Project types can include office buildings, hotels, retail centers, condominiums, and apartment complexes, etc. Who better to relate to the financing and other needs of a real estate project than another experienced financing specialist? We’ve been there and we will help you get there.

Financing Expertise

While most developers seek financing infrequently, CMN Funding DR professionals communicate with our investors on a daily basis. We are aware of our investors constantly changing needs and requirements in concert with changing economic conditions. Because of this we are able to assist developers and business owners in structuring their financing needs accordingly. CMN Funding DR evaluates a development project prior to accepting an application for financing. Before a project can be financed, costs, profits, development experience and equity requirements must be met.

CMN Funding DR’s job is to enhance the merits, structure, and presentation of the owner’s project in a familiar format. This allows our investors to facilitate the funding process. Our goal is to give the borrower what they want and need to make their project a reality. CMN Funding DR assists the developer in providing all the key ingredients necessary to insure the successful financing of real estate development and business finance projects.

Structure and Proforma

CMN Funding DR evaluation and underwriting efforts for each project and are structured to address the idiosyncrasies of each task and to allow each project to achieve the maximum financing available. Project development phasing, equity requirements, acceptable lending parameters, previous experience, market conditions, and absorption rate, are examples of key financing necessities often overlooked by many developers or owners. Not addressing these items in the concept stage of a development can result in needless financing delays or total restructuring of the project at time of financing in order to accommodate the lender’s requirements. CMN Funding DR identifies and addresses these issues utilizing current lending requirements and by incorporating proformas and other project analysis to satisfy both the investors and borrowers needs.

Debt and Equity

Key elements of development financing are the ratios of debt to cost and value, not to mention the timing and incorporation of the cash equity investment. Often overlooked in the initial stages of the development process, these key ingredients and their ratios in proportion to the development costs are essential to receiving financing. All too often a developer or owner spends all of their cash equity prior to seeking financing, leaving them cash poor and unable to satisfy a lender’s liquidity or equity requirements. Not all of an owner’s cash expended in the acquisition and development of a project is counted as equity in the eyes of the lender. CMN Funding DR can assist the developer or owner with the timing of the equity infusion, the amount, and when to fund, not to mention how to reduce or defer spending cash in a project that won’t be counted as equity by the investor.

Development Services

In additional to financing, CMN Funding DR provides development services to satisfy investor’s requirements for project financing. Development services contracted with CMN Funding DR provides the owner with turnkey project development services for all aspects of the development process that include project analysis, hiring project consultants, architects, etc. supervising the construction process, documentation for ownership, leasing, and sales contracts, etc.

Most lenders are not willing to finance projects, even those with considerable merit, for developers or owners who do not have sufficient experience. CMN Funding DR as an experienced developer in virtually all types of commercial real state is qualified to satisfy most lenders’ requirements for the incorporation of development expertise as a part of the project development team.

Types of Loan Available

Permanent loans for all types of existing commercial properties, apartment buildings, and other income producing properties are available through CMN Funding DR at the best possible interest rates and terms for qualified properties. Please have a look at our list of loan programs.