Shawn Feguson

San Isidro (CRI)
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Grupo REMC S.A.

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Location: San Isidro
Industry: Finance
Year Founded: 2007
Number Employees: 1-10 people
Description: Our company, Grupo REMC S.A., is looking for additional funding in order to grow our business. We are a mortgage, real estate, project developing and funding organization. Grupo REMC S.A. is located in San Isidro, Costa Rica we have 30 plus years experience in the mortgage and real estates industry. Last year we placed 52 million in funded projects and loans. Our average ROI is 32%. We are seeking additional funding sources and investors to keep up with demand in 2010. We currently have commitments for 300 million of funding which is expected to fund in 2010 and expect to have an additional 1.5 billion in submitted business by year end. To date all our funding has had approximately 75% equity position in each of the properties. We are currently seeking investors for these projects, that can participate in several ways. All of projects have full documentation and can be verified. We currently have several unfunded projects that need funding from 2 million to 50 million. We screen them for the best ROI and potential equity position for each project, It would be our pleasure to forward a summary or detailed package of the properties and projects for your review. Our goal is to secure funding for the developer or buyer and provided the highest ROI to the investor on a case by case basis. Direct Mortgage Funding-We offer several direct mortgage funding opportunities including……. Hard Money Programs where the client provides funding to hard money transactions they have pre-approved, with typically loan to values equal to 50% or less. Interest is set by the risk in the loan, but is usually in the range of 12% - 18% and higher as defined by the instructions from the client. Points are usually charged to the borrower and are paid to the investor at closing. Overall returns when amortization is considered average 20% to 26%, loan terms are 1-2 years, and all cases the investor is secured by a first lien position on the land, or controlling trust position if a trust vehicle is used. Long Term Mortgage Funding for clients wishing long term investments with set Monthly returns over time periods of 10 years or longer, up to 30 years as directed by the client. Average returns are 12% to 18% depending on term, rate, and points charged upfront. Again the client is secured by a first lien position, title insurance, and recorded mortgage. Equipment and Factoring programs are offered to specific borrowers in professional categories, medical, dental, equipment operators, etc where the client provides funding via MCR to a company or project secured by assets such as heavy machinery, medical, dental, casino, etc and is the owner of the equipment during the loan period, leasing it to the borrower, and then selling it back to the borrower at the end of the loan term at a pre-determined price. ROI on this program is typically 25% and up. Project Financing- Grupo REMC S.A. arranges direct and in-direct project funding for area developers with fully approved projects, ready for construction. These investments are funded in three scenarios……… Straight debt financing-Where the client investor receives and reviews all project documentation, approvals, business plans, projections, proformas, appraisals, title, etc and provides staged project funding on a per stage basis. Grupo REMC tracks and verifies the stage completions as the project is constructed, furnishes the documentation and video to the client, and arranges the following stage funding to project completion. Client receives a set monthly payment, on the terms and conditions set at the original closing until repaid in full. Client is secured by a first lien position, a recorded mortgage, or a trust instrument. Grupo REMC S.A. guarantees the project is viable in the marketplace and in the event of a default by borrower, is fully prepared to take over the management of the project, and complete the build out and marketing from any stage. Joint venture financing- Where we create a joint venture with the funding client and the developer with client providing the agreed to financing for the project, and takes an equity stake in the project, receiving a return on investment plus profits for the equity position, straight equity returns, or a combination of the two. Equity positions will be determined by the size, rates, term, and risk of the project and typically run between 10%-50% of the project. Again, Grupo REMC S.A. is fully prepared to complete any project in any location, from any stage of construction. Thanks for your consideration. For further information and details please contact Shawn Ferguson at office (506) 2772 2083, email (URL removed), Skype centralamericanliving.