FEES

FEES

• As standard for any loan, as the borrower you will be responsible for the legal costs of closing the transaction. Closing costs will be disclosed in your Term Sheet however they will not exceed $15,000 USD.
• There will be a 3% "Lending/Origination Fee," due AFTER formal "close" of the deal and commencement of loan disbursements. This fee is deducted from the loan funds themselves - never from your original set aside capital. In addition we charge a 10-20K application/engagement fee at the Term Sheet Stage. This is a fee. This is 100% refunded at the first distribution of our loan to you. We only charge this if we are assisting in securing the set aside deposit money from third parties we have sourced or if the project is based outside the USA. If the Borrower has their own deposit funds, this fee is waived. This fee is NOT refunded if you are unsuccessful in securing the third party set aside deposit or you decide to go in another direction. Why? Mynizaga has spent considerable time sourcing third party opportunities for our clients. We are not compensated at all by the third party lenders. Mynizaga de-risks our loans with our structure as we do not take credit scores into consideration. The Third Party Lenders however will need to know the detailed background of the applicants, the strength of your Pro Forma, your financials if you are an existing company, your management capacity, your purchase and sell agreements (if applicable), off take agreements (if applicable) or patents (if applicable) to name a few items. We incur legal expenses PRIOR to our loan closing when working with the third party lender.
• There is no guarantee that you will receive the third party lender loans for the required set aside. You will have to undergo their underwriting. However, since we structure our loan to allow you to pay them out in 12 months, the risk to them is mitigated in your favor. We allow prior debt to be serviced within our loans.
• You should be aware that even Wall Street Investment Bankers /Firms, Private Equity and Private Debt firms also do not guarantee a successful loan application.
• Having said the above, the reason we assist to to help the borrowers.

• If there are any fees the third party charges to secure the set aside deposit, Mynizaga will refund those (up to 25k) at the first distribution as well. We cannot do so in advance as that would be considered solicitation.
• Make no mistake, modern day corporate financing is not easy nor can it be done without some "skin" in the game. If you think you can borrow sometimes hundreds of millions of dollars, or more, without some cost, you will not be successful as it is simply not possible. If you are not willing to place a small amount of cash, compared to the loan, at risk, why should any financial institution believe in your project? If you do not believe in it, why should anyone else?
• Throughout the loan term there will be a small monthly fee for a loan oversight custodian who will reconcile the costs of the project to the funds drawn, confirm that the project remains on schedule, and monitor the repayment of principal and interest. This fee will be fully described in your Term Sheet. This typically is with a company like a PWC. The fee is paid directly to the oversight group, not Mynizaga.