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ICON’s FUNDING METHODOLOGY

ICON’S
Funding Methodology

ICON Commercial Lending, Inc (ICON) was formed as a Utah corporation in 2006, located in Cottonwood Heights, Utah.  ICON provides domestic and international commercial project financing.

ICON operates as a venture capitalist, offering a combination of debt & equity financing for U.S. and select international project funding. ICON structures every project’s financing facility according to each project’s specific needs with both debt & equity (without exception); generally taking from 40% to 65% equity in every project via a JV Partnership arrangement.

ICON has Unique Resources, Intellectual Property, Proprietary Knowledge and Information plus Key Contacts with Experience in a wide range of areas in Finance, which allow it to successfully structure its project financing.  ICON works through its international banking channels to facilitate ICON’s JV project financing.  This is accomplished by way of monetizing assets such as cash-backed Bank Guarantees or Standby Letters of Credit (SBLC); utilizing them as collateral to provide suitable project financing.

ICON provides structured financing up to 100% (Loan to Cost – LTC) for acceptable construction & development projects and sustainable cash-flowing business projects through a JV Partnership with the Client.  ICON works exclusively with proven developers and business operators who have demonstrated superior follow-through in completing past projects as well as consistently representing strong personal character and unwavering ethics.

ICON sees many great projects, but only works with the very best projects with the greatest odds for success!  ICON carefully reviews many aspects about the “Project”, and the “JV Partnership” before agreeing to provide an offer to provide financing.

ICON has 3 primary underwriting considerations:

 1. PROJECT: classification type (construction or business), market demand, stabilization time, growth potential, projected equity & long-term profitability, humanitarian benefits

 2. PARTNER: experience as a developer & business operator, development track record, reputation with industry colleagues, skin-in-the-game, financial ability to participate

 3. PROJECT MANAGEMENT: experience and track record in managing projects of this type, ability to provide the most effective – least expensive management solutions.

ICON is not interested in managing any Projects directly.  Therefore,  ICON relies heavily upon both the developer’s & builder’s experience, as well as the team of professionals managing of the completed Project.  This is all brought together by way of a JV partnership arrangement.

ICON’s strategy is to partner-up with top-notch business people (as their financial partner) who are actively engaged in developing prime commercial projects but lack suitable financing.  ICON prefers partners who think long-term; proven performers who have vision & capacity plus a driving desire to achieve great success.

Contact a Loan Coordinator today for assistance