$25M Bank Instrument Pilot Program Provides up to $15,000,000 in project financing
$50M Bank Instrument Pilot Program Provides up to $30,000,000 in project financing
$75M Bank Instrument Pilot Program Provides up to $45,000,000 in project financing
$100M Bank Instrument Provides up to $65,000,000 in project financing
$500M Bank Instrument Provides up to $325,000,000 in project financing
***Please contact Citywide for specific information on procedures and costs related to these programs.
Funding Options
Citywide offers four options for financing projects using bank instruments:
If the borrower has the bank instrument fee and at least 10% cash in to their project and 25% of the funding amount in additional collateral Citywide will fund straight debt.
If the borrower has the bank instrument fee but does not have the 10% cash into their project and 25% of the funding amount in additional collateral then Citywide will take an equity share of 30% to 50% and no buyout clause.
If the borrower does not have the bank instrument fee of and does not have the 10% cash into their project and 25% of the funding amount in additional collateral then Citywide will do an equity partnership of 50% to 60% and no buyout clause.
If the borrower is using an investor for bank instrument fee and does not have the 10% cash into their project and 25% of the funding amount in additional collateral then Citywide will do an equity partnership of 50% to 60% and no buyout clause.
