Our Fee Structure Explained
| We are pleased to advise our Fee Structure, which our clients tell us is very fair and competitive - we think so too ! After hearing many reports from clients who have paid fees to firms all over the world, and never hearing from then again, we have devised a structure which we think is fair, as follows : 1. Your project is discussed with us or submitted by e-mail to : enquiries@sfkeenan.com and we guarantee to get back to you within 48 hours with our comments, or requesting any additional information. - No fees payable 2. If we think the project has strong funding potential, either as presented, or we will suggest ways to make it more attractive in its presentation to potential lenders or investors, we shall confirm this to you in writing - No fees payable 3. We will then undertake to discuss the project/funding request with our lending principals, all of whom are normally world established international banks, investment houses, or insurance conglomerates that have all been known to us for many years. We shall then report back to you with their views and level of interest in the project funding within 5 working days. - No fees payable 6. Should the our lending sources be interested in taking matters forward, then a Provisional Offer subject to due diligence is issued in writing. Normally, this is valid for 14 days for acceptance. Only at this point, once a Provisional Offer subject to Due Diligence is issued, are fees payable to cover the due diligence and underwriting costs, which includes meeting with the applicant at their location, - anywhere in the world - to discuss the project and the various options available to you. Please note, these fees are fully refundable by us when the loan is drawn down from the lender. 7. The chosen lender will also meet the applicant, normally at the lender's offices, or a venue suitable to the applicant upon receipt of the satisfactory due diligence report, and then enter into a formal loan agreement. 8. Only once the lender has released the loan funds to the applicant, our arrangement fee becomes payable, and this can be added to the loan in most cases. This fee normally would be 4% of the amount of loan, but can vary due to loan size and location of the project. Also, at this time, the due diligence fees are paid back to the applicant. Our clients know from their first dealings with S F Keenan about their costs, and no other fees are payable to us at all, apart from those stated. Our many repeat clients over the years love the structure, rather than have any unforseen costs and expenses that can so often arise with other funding introducers and financial brokers, and that has been the secret of our success. If you have questions, please let us know and we shall respond immediately. |
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