Agent Mortgage

Empowering Your Vision The Agent Mortgage & Ovus 360 Funding Guide

Agent Mortgage's Unique C Pace Loan Program At Agent Mortgage, we have a proven track record of raising both equity and debt for various Commercial Real Estate ventures, with a particular focus on Multi-Family and Hospitality sectors, alongside Renewable Energy projects. Over the past 18 months, the real estate financing landscape has faced challenges, making it increasingly difficult to secure the necessary capital for projects. However, we are proud to offer a distinct loan program, supported by a substantial $1 trillion national retirement investment fund, that is highly inclined towards investing with our innovative C Pace structure.

Our C Pace loan program stands out due to its unparalleled flexibility and scalability, making it perfectly suited for large-scale projects. Typically, the loan rates for the C Pace portion range from 8-9.0%, constituting approximately 30% of the total capital stack.

Additionally, the senior debt portion is offered at an attractive interest rate of approximately 8.5%. While we do require a 20% equity contribution, what makes us unique is our willingness to consider land and improvements as qualifying assets towards meeting this requirement.

We take immense pride in our quick turnaround time. Once you've signed our engagement letter and provided a line-item budget along with a five-year proforma, we aim to present you with a term sheet within a week. Funding is typically disbursed within 45 days or even sooner. This expeditious process has been instrumental in assisting developers who may have paused construction or permit acquisition due to liquidity constraints in the marketplace.

To explore this further, you can visit our website at Agent Mortgage for detailed information about our services and the unique loan program.

Ovus 360: Pioneers in Sustainable Energy and Financing In tandem with Agent Mortgage's capabilities, our esteemed funding partner, Ovus 360, has been at the forefront of sustainable energy and financing. Since its founding in 2011, Ovus Partners 360 has provided consulting services to property owners and developers, facilitating debt funding and Property Assessed Clean Energy (PACE) funding for numerous projects. Ovus has nurtured strong relationships with some of the largest national PACE investors and debt investors.

Ovus Partners 360 has been instrumental in advising state and local governments on PACE program implementation, providing statutory language and local ordinance recommendations. Over the years, Ovus has facilitated PACE and debt funding for various projects, including hotels in Hollywood and Placentia, energy facilities in Texas and California, mixed-use projects in Miami Beach, and much more.

Their holistic approach to sustainable energy solutions is a game-changer, enhancing energy efficiency and reducing costs significantly. As a result, buildings can produce as much energy as they consume, paving the way for a more sustainable and cost-effective future.

For a deeper insight into Ovus 360's groundbreaking solutions, you can visit their website at Ovus Partners 360.

A Seamless Funding Process Ovus Partners 360 and Agent Mortgage, working together, assist developers and building owners in identifying design elements that lead to the best energy outcomes and PACE strategies aligned with state laws. This process includes an initial report that outlines how the project aligns with PACE requirements. The cost of this process is typically covered by the PACE funder, with the only developer cost being the funder's application fee, which encompasses typical loan underwriting expenses and the cost of an independent appraisal.

The current PACE interest rate falls within the 8-9% range and can be subject to change with planned federal interest rate adjustments. The terms of self-amortizing PACE loans are typically 20 years, but flexibility is paramount. After the pre-payment penalty period, loans can be paid off at the property owner's discretion. Should the property change hands, the loan seamlessly transfers to the new owner.

The funding process kicks off with steps such as project description submission, term sheet issuance, and due diligence coordination, leading to a projected closing date.

Repayment begins after project completion, tied to property tax assessments, with the initial repayment postponable for up to two years after completion.

From the initial project overview to responsive collaboration, the process typically takes as little as 45 days, ensuring a swift path to funding success.

Shaping the Future with Green Economies As we navigate towards the future, it is imperative to embrace green economies. Ovus Partners 360 is pioneering this change by providing Net-Zero Energy Solutions that cater to the energy needs of tomorrow.

Their innovative, carbon-free approach transforms commercial real estate projects into energy-efficient and environmentally conscious assets.

Energy costs typically reduce by around 20% within the first year after installation, making buildings more sustainable and cost-effective. Whether for ground-up developments or retrofits, Ovus Partners 360's platform significantly reduces construction budgets, offering substantial savings.

Notably, clients experience these energy enhancements with no out-of-pocket costs. Ovus Partners 360's approach harmonizes profit motives with environmental consciousness, making it a win-win solution for all stakeholders.

Looking Ahead We are excited about the prospect of collaborating with you to bring your visionary project to life. Agent Mortgage and Ovus 360 offer a unique blend of financial

expertise

and

sustainable

energy solutions, which could be instrumental in achieving your project goals.

Please feel free to reach out to us at your convenience to discuss the next steps. We look forward to playing a pivotal role in making your project a resounding success.

agent mortgage 260 Newport Center Drive suite 100 Newport Beach, CA 92660 P. (949) 791 - 8160 E. admin@agentmortgage.com DRE License # 2022092