OFC Announces New FFE Leasing Solutions
In response to our clients growing need to access new forms of capital to meet their renovation and property upgrade needs, OFC is pleased to announce that it now offers a broad spectrum of leasing solutions. Leasing eliminates up front cash out lays and allows for property cash flow ramp ups or stabilization. Certain tax advantages may also be available.
These capabilities include lease financing of all forms of FFE and Product Improvement Plans (PIP):
Certain Construction Components
Other normal Cap Ex items
Proceeds: $100,000 minimum
Rates: Wholesale and varies based on items leased and credit
Terms: 2-7 years
EOT Buyouts: $1 or FMW
Recourse: Non recourse available based on underwriting
Underwriting: 48 hours from receipt of all requested items
Funding: Upon execution of blanket lease documents and receipt
of all vendor invoices. Entire process can often be
completed in one week.
Payments: First only, after leased items have been received and accepted. Monthly thereafter.