EX1A-6 MAT CTRCT 7 bear_ex0609.htm RESIDENTIAL CONSTRUCTION TERM SHEET

Exhibit 6.9

Address: 1701 MIDDLE CREEK RD SEVIERVILLE, TN 37863 Entity Name (if applicable): BEAR VILLAGE RESORTS INC Loan Program: New Construction Loan Purpose: Purchase Property Type: Townhomes # of Units: 200 Acquisition Date: 03/2022 Purchase Price: $2,000,000 Total Project Cost: $30,000,000 Est Appraised Value: $57,000,000 Completed To - Date: $0 ARV: $57,000,000 Location Type: Non - Rural Intended Exit: Individual Retail Sales Interest Calculation: Drawn Balance Interest Reserve Required in Escrow: $0 Draw: Yes Financing Soft Costs: Yes Completing: Yes Today's Pricing: Requested Loan Amount: $25,200,000 Initial Advance: 5,000,000 Loan Term: 24 Months Min Equity Required: $6,000,000 Amount of Borrower Funded Rehab/Construction Required for 1st Draw (without FACo Reimbursement): $0 Base Interest Rate*: 9.500% Base Origination Fee*: 2.000% Loan Level Price Adjustments (LLPAs, Subject to change): Loan Amount LLPA: +1.000% Loan Amount LLPA: +0.000% Today's Total Rate: 10.500% Today's Total Origination Fee: 2.000% *All terms, pricing, and leverage are subject to change with loan level pricing adjustments and market conditions . Once the Exposure limit is approved, the individual loan level terms are still subject to change and are not finalized until the final property underwriting loan approval is received . Origination fees are charged on the Full Note amount for each property (initial advance plus rehab holdback) . Mixed Use and Multi Family ( 5 + Units) properties subject to cash flow constraints . Finance of America Commercial Property Conditional Quote _________________________________________________________ Thank you for choosing Finance of America Commercial! In this package you’ll find a conditional quote of proposed loan terms and today’s pricing which was produced based on the information you shared with us, as well as additional program details to familiarize yourself with . If interested in moving forward, please carefully review the information and complete the Docusign sequence . We will then collect your credit card information for your deposit, any required documents, and move into processing . What You Shared With Us : ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 1 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC

 
 

Business Partner Details: Channel: Broker Business Partner: Capital Concepts Consulting Corp Broker Loan Originator: Damon Sheppard Lender Paid Compensation to Business Partner: 1% *Lender Paid Compensation is already included in the base pricing listed above, and is not an additional fee. Finance of America Commercial Property Conditional Quote _________________________________________________________ ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 2 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC

 
 

Fix and Flip Bridge Valuation Fee Deposit (This includes both an AS - IS and an ARV) $595: 1 Unit, Condo, Townhome $775: 2 - 4 Units $2,100: 5+ Units Multi's $595: 1 Unit, Condo, Townhome $775: 2 - 4 Units $2,100: 5+ Units Multi's Paid Up Front Project Pre - Inspection Fee* (Only Applicable if Requesting Rehab Funds) $450 N/A Paid Up Front GC R e view F ee $100 N/A Paid In Processing (only once per GC) *All 5+ unit multi's will be quoted at time of submission Lender Charges to Borrower (Paid at Closing) Fix and Flip Bridge Processing Fee $895: 1 - 4 Unit Properties $1,400: 5+ Unit Multi's $895: 1 - 4 Unit Properties $1,400: 5+ Unit Multi's Paid At Funding Origination Fee (Charged on the Full Loan Amount) See Conditional Quote See Conditional Quote Paid At Funding Pre - Pay for 3 Draws & Inspections (includes wire fees) NON - REFUNDABLE $535 (n/a for 5+ Unit Multi's) N/A Paid At Funding Finance of America Commercial Property Conditional Quote _________________________________________________________ Property Submission Fees - Paid at time of loan submission ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 3 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC

 
 

Fix and Flip Bridge Draw & Inspection Fee* (includes wire fees) $265 with Pre - Pay Option $300 without Pre - Pay Option N/A Subtracted from wire disbursement *All 5+ unit multi's will be quoted at time of submission Borrower Paid 3rd Party Settlement Charges: Title Insurance & Closing Charges Actual Cost Paid At Funding Taxes & Other Government Fees Actual Cost Paid At Funding Prepaid Interest Actual Cost Paid At Funding Initial Escrow Payment/ Impounds at Closing Actual Cost Paid At Funding Finance of America Commercial Property Conditional Quote _________________________________________________________ Property Rehab / Construction Draw Fees (Incurred on every draw request) ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 4 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC

 
 

Hard Cost Item Soft Cost Item Property Acquisition Consultant Fees (Architect, Engineer, etc.) (10% Max) Prior renovations Permit & Impact fees Demolition Contractor's Fee (15% Max) Landscaping Builder's Risk Insurance Foundation / Structural Surveys Countertops Soil Testing Cabinets Closing Costs Appliances Regulatory Fees Carpet Tap Fees Hardwood Utility Connection Fees Tile Other Site Fees Vinyl Contingency (10% Max) HVAC Electrical Plumbing Painting Drywall Trim Fixtures Doors Bathroom(s) Windows Roofing Pool Siding Cleanup Finance of America Commercial Property Conditional Quote _________________________________________________________ Construction Costs (If Applicable): ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 5 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC

 
 

Acknowledgement By signing this Conditional Quote, Borrower acknowledges the terms herein and that: 1. Lender will verify information supplied by the Borrower; 2. Lender will order an appraisal on the collateral property; 3. Lender may conduct additional research and diligence as Lender deems appropriate; and 4. Borrower has received the attached Document List and Disclosure Statement. Borrower further acknowledges and agrees this Term Sheet shall not be binding on Lender unless and until the Borrower and Lender each enter into and execute final loan closing documents. The undersigned applicant/borrower acknowledges receiving all above documents and accepts the terms thereof. I understand that the charges outlined in the fee agreement are estimates and actual appraisal and background charges will be reconciled at the time of loan closing. Finance of America Commercial LLC will incur additional internal and third - party expenses throughout loan processing, and I agree to pay those expenses as outlined in the fee agreement at the time my loan closes. By signing this acknowledgement, I agree that Finance of America Commercial LLC is not required to refund my money or provide me a credit towards future due diligence expenses. Finance of America Commercial LLC may, in its sole discretion, provide a partial refund to me to the extent that its expenses are less than the total amount of estimated fees outlined. I authorize Finance of America Commercial LLC to charge my credit card for the full amount outlined in the Fee Agreement. I agree that Finance of America Commercial LLC may charge me only a partial amount of the fees in its sole discretion. I agree to pay the full amounts that are charged in accordance with my cardholder agreement. Charge(s) will appear on my credit card statement as Finance of America Commercial LLC. Finance of America Commercial Property Conditional Quote _________________________________________________________ ©2020 Finance of America Commercial LLC is licensed or exempt from licensing in all U.S. states | | NMLS ID #1133465 | 6230 Fairview Rd, Suite 300, Charlotte, NC 28210 | (800) 227 - 8107 | AZ Mortgage Banker License BK#0926974 | Loans made or arranged pursuant to a California Finance Lenders Law license | Finance of AmericaCommercial LLC only makes mortgage loans for business purposes. REV. 04.21.2020 3 Loan ID: 200023320 - 002 @2020 Finance of America Commercial LLC