Qualifying for Funding

To be eligible for funding, your project must fit the following criteria in full:

1. Your project must be shovel ready. Please do not apply until you are. This may mean architectural plans, drawings, permits, contracts , developers, off-take agreements must be in place. This is not a learn on the job process. Management capacity must also be displayed as all of the above are important to Mynizaga and the third party lenders we have sourced. Not having the above in place is a waste of your time and our time not to mention the money you have into the project.
2. Your project must have the development elements established. A fully developed business plan must already be in place. If you only have a business plan but no budget/pro forma or development plan, you are not yet ready to be funded. Your project doesn't necessarily have to be ready to produce immediately, but it should be basically ready to go.
3. Minimum funds already raised. There must already be at least the equivalent of $10M USD/Euro ready to deploy into the project, or slate of projects unless you are utilizing a third-party investor. As a requirement to qualify for our funding multiples, those initial set aside funds must either be available to sit idly in our lawyers IOLTA Account (under 99M) or in your own bank in a separate account established to hold your funds if over 100M.
4. . If the later, we would place an ADMIN hold on the funds for the duration of your loan term/s.
5. Timing - All Mynizaga loans must be approved through banking/regulator compliance, a process that takes approximately 60 days. If you require funds immediately, and cannot wait for compliance confirmation, your project will not qualify. You can avail yourself of the services of third party lenders and underwriters Mynizaga has sourced. These sources can typically provide bridge or gap funding to you whilst we wait to clear compliance in our 60 days process., in addition to the required set aside deposit. Additionally, our funds are released in tranches as they are deployed into the project, so it takes 6 to 12 months for them to be fully deployed. If you require all funds on day 1, we will not be able to assist you.
6. The borrower is responsible to provide the required set aside deposit whether they be their own funds or borrowed capital (which we assist with). This is not negotiable.