Sanger Financial

[Emilio Ramirez]

So is this a scam? Because it sounds to good to be true. How do you vet a company like this? If you google Sanger Financial their webpage will come up.

Thanks,

Joint Venture

Acquisition and Development Funding

10/100 Product

Product Parameters

$5M to $750MM Partnerships – construction / development projects; income producing property and business ventures with our Joint Venture SBLC leverage program.

All project values are calculated in US Dollars.

We have an appetite for virtually any venture that makes sense - income producing properties, such as hotels, motels, apartment complexes, subdivisions, medical buildings, assisted living projects, almost anything that is real estate associated, business financing, project debt restructuring, jumbo residential purchases, etc. Please see Programs for additional lists of projects.

USA, Caribbean, Canada, Europe, Costa Rica, Bahamas, South Africa, Australia, Japan and areas that are not considered high risk due to government instability or terrorist related issues.

Down payment is 10% into a third neutral party escrow account. The 10% cash is deposited into program designated bonded attorney escrow account or escrow agent (both licensed) with the entire deposit amount bonded against loss by a major insurance company. Upon funding the down payment is returned.

Down payment Minimum: 10% of requested amount with a USD $500K minimum. (No leased funds or instruments allowed). 1% is allowed if it meets the minimum of $500,000 USD.

For submissions where the 10% amount equals $3 million and above the process begins immediately.

For submissions where the 10% amount is below $3 million down to the USD $500K minimum, submissions are stacked and require additional processing time. Stacking time frame is dependent upon program submission volume. Submissions under the $3M down where "funding time is of the essence" should seek funding elsewhere.

100% funding (historically) up to 10 times the down payment amount. Client may reapply after first funding if additional funds are required for the venture or to cover additional expenses.

Joint Venture Split â€" 73% Principle / 27% JV Partner.

The JV Partner is actually bought out upon funding (out of proceeds) and client has 100% control and ownership of venture moving forward and net funding amount to client is historically 10 times the down payment amount.

Current Point Charge = 10 (points are rolled into the funding amount).

Submission Requirements for consideration/approval

* Executive Summary with principle resume and Proforma – principle must have successful track record.
* Proof of 10% Cash Consideration - must be liquid

All income producing type projects considered - response within 2 business days.

How It Works

Sample: You have a contract on a 50MM dollar income producing property, developed, or needs to be developed. You have a resume and a successful track record in this field, you provide proof of the required 10% down payment deposit (liquid) - our funding group wants to be your partner! It is important to note: upon submission Verification of funds must be current. Account numbers may be blocked for security purposed upon submission. All client information is confidential.

100% Funding

Joint Venture Split - 73% Principle / 27% JV Partner

Submission Requirements for consideration/approval:

* Executive Summary with principle resume and Proforma / Use of funds.
* Proof of 10% Cash Consideration – must be liquid and the principal must be the owner of the account. Copy of Bank Statement or verification from bank on bank letterhead with the phone number and title of bank employee authorizing. Must be within the last 30 days. Same type of verification used for traditional financing.

[Bryan Hancock]

Make sure you get really clear on when money will change hands and how. It appears they want to deposit money into a "neutral" third party escrow account. I would be weary of transferring any money outside of an actual closing no matter how reputable it sounds.

As mentioned, ask to speak with people they have funded. References can go a long way and keep you from dealing with time wasters. If they fall back on the standard "it is confidential" bs I would pass on dealing with them. You need to vet them every bit as much as they need to vet you!