Re: NBSC
Inbox
| Carey Frick <frickfarms@yahoo.com> | Wed, Aug 17, 2016, 1:23 PM |  | |
| to me |
Matt OK how about give me a call please thank you
Sent from my iPhone
On Aug 15, 2016, at 8:32 PM, Matt Warren <matthewtwarren3@gmail.com> wrote:
Hi Carey,
See below from NBSC. They said they could extend a loan for 4-5 years and possible longer with collateral. Did you hear back yet from your other banks? Just curious how competitive they were for you.
Thanks
Matt Warren Solar Power Provider
Begin forwarded message:
RE: NBSC
Inbox
| Chapman,Mark <MarkChapman@banknbsc.com> | Mon, Aug 15, 2016, 1:55 PM | | |
| to me |
Matt,
I believe we can go longer on the two loans. Perhaps 4 to 5 years maximum.
The only way we could go 10 years would be if we took improved real estate as collateral.
Mark
Mark Chapman
Senior Vice President
Commercial Banking
NBSC a division of Synovus Bank
201 E McBee Avenue
Greenville, SC 29601
Phone 864-241-7923
Cell 864-414-1832
MarkChapman@BankNBSC.com
Re: NBSC
Inbox
| Chapman,Mark <MarkChapman@banknbsc.com> | Aug 12, 2016, 7:29 AM | | |
| to me |
Matt, It depends on the collateral. If the panel is attached to real estate encumbered by another bank, we would need a shorter amortization. If the system is self contained or is attached to an unencumbered building, then 10 years would not be a problem.
I’m out of the office until Monday but will call you to discuss.
Sent from my iPhone
On Aug 11, 2016, at 7:54 AM, Matt Warren <matthewtwarren3@gmail.com> wrote:
Hi Mark,
I sent over the terms that you sent me. I think the client is interested in a longer term. What is the longest you would loan?
I have another client who is requesting a 10 year term. Is that possible?
From: Chapman,Mark [mailto:MarkChapman@banknbsc.com]
Sent: Monday, August 8, 2016 3:34 PM
To: Matt Warren <matthewtwarren3@gmail.com>
Subject: FW: NBSC
Matt,
Was there a problem with these loan terms?
Mark
From: Chapman,Mark
Sent: Thursday, August 04, 2016 11:04 AM
To: ‘Matt Warren’
Subject: FW: NBSC
Matt,
Any thoughts on the rate and structure I sent yesterday?
Mark
From: Chapman,Mark
Sent: Wednesday, August 03, 2016 1:31 PM
To: ‘Matt Warren’
Subject: RE: NBSC
Matt,
We would be in the 4.9% range with a lien on the equipment and assignment of credits and rebates. If I read the spread sheet correctly, the Cheraw transaction could be repaid from various sources within 18 months so we would be looking at a loan of no more than 2 years. The farm transactions could be repaid in 3 years so we would look to a loan of no more than 3 years.
We could look at a refinance of the Cheraw building loan and include the solar panel. Rate would be much less than 4.9%.
Mark
From: Matt Warren [mailto:matthewtwarren3@gmail.com]
Sent: Wednesday, August 03, 2016 8:37 AM
To: Chapman,Mark
Subject: Re: NBSC
Would you please send the terms we discussed? Thanks Mark
Matt Warren
Solar Power Provider
On Jul 29, 2016, at 9:43 AM, Chapman,Mark <MarkChapman@banknbsc.com> wrote:
Matt,
Hope all is well. Just checking to see if these deals are still viable and if you still planned to send me the cash flow of credits and or tax incentives.
Mark
Mark Chapman
Senior Vice President
Commercial Banking
NBSC a division of Synovus Bank
201 E McBee Avenue
Greenville, SC 29601
Phone 864-241-7923
Cell 864-414-1832
From: Chapman,Mark
Sent: Monday, July 25, 2016 4:02 PM
To: ‘matthewtwarren3@gmail.com‘
Subject: NBSC
Good talking with you today Matt. My contact information can be found below.
Mark
Mark Chapman
Senior Vice President
Commercial Banking
NBSC a division of Synovus Bank
201 E McBee Avenue
Greenville, SC 29601
Phone 864-241-7923
Cell 864-414-1832
Fw: General Terms for Financing through NBSC
Inbox
| Matt Warren <matt.warren@hannahsolar.com> | Fri, Jul 8, 2016, 3:58 PM | | |
| to me |
From: Sutherland,George Sprouse <GeorgeSutherland@banknbsc.com>
Sent: Friday, July 8, 2016 10:21:49 AM
To: Matt Warren
Subject: General Terms for Financing through NBSC
Matt,
Below is some general information that should allow you to discuss financing options with your customers. This is the most up to date information given to me by my market president. Some of the available terms have changed since the last time I had one of these loans in my pipeline. The changes have been made in an effort to better meet the needs of our clients and to be sure that the bank is making quality loans. All of the terms are obviously subject to underwriting. Please feel free to reach out to me with any questions. I look forward to working with you and your clients in the future.
· Our rates could range from 3.85% to 5.25%. The lower end of the range would be for those borrowers who are exceptionally strong.
· We would consider terms of 5, 7 and 10 years. These would be fully amortized loans.
· For the most qualified buyers, we would consider financing up to 90% of the project cost. Our normal range is 80-85%.
· The overall amount of the anticipated tax credit would also play a role in underwriting in certain cases.
George Sutherland
AVP Branch Manager
NMLS ID 627753
201 East McBee Avenue
Greenville , SC 29601
864.241.7909 – Office
864.241.7906 – Fax