The KGP Funding Process

The KGP Funding Process

  1. Complete Intake form.
  2. Sponsor/Principal Signs NDA (if it’s required)
  3. Sponsor/Principal Send Executive summary, Bio/resume of principal.
  4. Sponsor/Principal sends Financial Package
    a.3–year tax returns
    b.Year–to–date Profit/loss statements
    c.Personal Financial Statements
    d.Rehab Budget
    e.Detail use of funds
  5. Revision of executive summary and financial package maybe required before submission. (If good we skip to step 6.)
  6. We Submit to our lender network
  7. Interested lenders presents a LOI or MOU.
  8. Sponsor/Principal Signs off on LOI/MOU and pay any refundable deposits.
  9. Firm loan commitment is drafted and is agreed upon then signed by the sponsor. (commitment fee maybe required.)
  10. Underwriting and due diligence begins
  11. Underwriting and Due Diligence is bad
    a. Loan commitment is not honored and any deposits and or commitment fees are refunded.
    b.Denial letter/notice is sent.
    c.Submit to another interested party.
  12. Underwriting and Due Diligence is good a.Loan commitment is honored, and Funds are deposited!! Sponsor/Principal Invests their money wisely!
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