The procedure to obtain venture capital funding for property development projects is:
Step 1 – The Executive Project Summary (EPS)
(Timeline: Within 5 working days - depending on the information provided in the requested EPS - the project leader will be notified, in writing, if the project complies with the minimum funding criteria of Patin International.)
- The project leader must submit an “Executive Project Summary”, detailing his funding requirements. (A template of the “Executive Project Summary” is available on the “Downloads” section of the web site.)
- The project leader should attach a detailed and comprehensive Business Plan of the project to the prepared “Executive Project Summary”.
- The “Executive Project Summary” as well as Business Plan documents of the project should be forwarded to This e-mail address is being protected from spambots. You need JavaScript enabled to view it (No faxes will be accepted).
- Every request is judged according to its merits, depending on the information provided.
- Within 5 working days the project leader will be notified, in writing, if the project complies with the minimum funding criteria of Patin International.
- If Patin International is not in a position or not prepared to provide the applicable funding required by the project leader, the project leader will be notified, in writing, and the process will end.
- If Patin International is in a position or prepared to provide the applicable funding required by the project leader, the project leader will be provided with:
- A Cover Letter.
- The “Investment Application Procedure” document that illustrates the various processes an application for venture capital funding for property development projects will undergo from submission until finalization.
- The project leader should notify Patin International, in writing, if he and/or his negotiation team prefer to make a personal and detailed presentation pertaining to the applicable investment opportunity or property development project to Patin International. (It is important to note that in such an event the project leader will be responsible for all international travel and accommodation expenses incurred by him and his negotiation team.)
Step 2 – The Commitment Letter (Term Sheet)
(Timeline: The project leader will receive Patin International’s Commitment Letter within 21 working days from submitting the requested Executive Project Summary document mentioned in Step 1 of this flowchart. In addition, the project leader will have a maximum of 14 days to negotiate and or accept Patin International’s terms and conditions set out in the Commitment Letter.)
- If Patin International’s terms and conditions are not acceptable to the project leader, the project leader will notify Patin International, in writing, and the process will end.
- If Patin International’s terms and conditions are acceptable to the project leader, the project leader will execute and forward the signed Commitment Letter as instructed by Patin International.
Step 3 – The Due Diligence Process
(Timeline: The project leader should submit the requested documents for the due diligence process within 30 days from the date that the Commitment Letter was signed and accepted by the project leader in Step 2.)
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The project leader will be provided with the Due Diligence Request List, which will require from the project leader all such information and documentation needed by Patin International’s associated corporate advisory team regarding the project, its management team, products and services, processes and procedures or any other information Patin International’s associated corporate advisory team will request from the project leader as agreed upon in the Commitment Letter.
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The project leader will submit all the requested documents for the final evaluation by Patin International’s associated corporate advisory team on or before the day and at such address as stipulated and agreed upon in the Commitment Letter.
(Timeline: The due diligence process will be conducted by Patin International’s associated corporate advisory team within 30 days from the date that all the requested due diligence documents were submitted by the project leader.)
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After the final evaluation process, Patin International will inform the project leader in writing of its final decision.
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If Patin International is not satisfied with the results, the project leader will be notified, in writing, and the process will end.
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The Company shall, if and when applicable, be responsible to apply to its national Reserve Bank, or any other applicable regulatory authority, for foreign exchange clearance for any off-shore or international procured financing.
Step 4 – The Financing Agreement and Closing
(Timeline: The signing of the final Financing Agreement between Patin International and the project leader should take place within 30 days from the date that Patin International notified the project leader in writing of the successful due diligence process.)
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If applicable, the project leader will be provided with instructions to pay to Patin International’s corporate consultants the applicable costs or requested contribution, as agreed upon in the Commitment Letter, pertaining to the preparation and drafting of the final Financing Agreement.
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If applicable, a proof of payment document for the applicable costs or requested contribution should be forwarded to Patin International’s corporate consultants before they will commence with the preparation and drafting of the applicable final Financing Agreement.
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The project leader or its duly mandated nominee(s) will be required to sign the Financing Agreement with Patin International or its nominee(s).