EXTRA-15582 - USA (Brunswick, North Dakota) - Installment Loan Financing Services - Deadline December 3,2021

Product (RFP/RFQ/RFI/Solicitation/Tender/Bid Etc.) ID: EXTRA-15582

Government Authority located in Brunswick, North Dakota; USA based organization looking for expert vendor for installment loan financing services.

[A] Budget: Looking for Proposals

[B] Scope of Service:

Vendor needs to provide installment loan financing services to the government authority located in Brunswick, ND.
- The Town’s obligations under the installment financing agreement will be secured by a deed of
trust or security interest in all or a portion of the project being financed as negotiated between
the Town and the successful bidder. No deficiency judgment may be rendered against the Town
for breach of a contractual obligation under the Installment Financing Agreement, and the
taxing power of the Town will not be pledged to secure payment thereunder
- The Installment Financing Agreement must not contain a non-substitution clause and there
must not be a non-appropriation clause in the Agreement.
- Proposals must specify, at a minimum, the following information:
1. The term of the financing.
2. The interest rate and total interest cost of the financing.
3. The terms of repayment (please attach a proposed amortization schedule showing the interest
and principal payments due over the ten (10) year fiscalperiod.
4. Proposed terms for optional prepayment. Please also conspicuously state whether you would
allow a prepayment without penalty.
5. A list of all additional costs to be associated with this transaction, including origination or
placement fees, escrow fees, counsel fees, and any other expenses. A statement as to whether
or not any of such fees or expenses can, or will be, capped or waived.
6. A statement acknowledging and confirming that your institution agrees to the contract
specifications set forth in Part B of this Request for Proposal.
7. A description of the collateral you propose/require to secure financing and the method for
creating the lien or security interest in such collateral.

[C] Eligibility:

- Onshore (USA Organization Only);

[D] Work Performance:

Performance of the work will be Offsite. Vendor needs to carry work in their office location.

Expiry Date : Friday, 3 December, 2021

Category : Professional, Consulting, Administrative or Management Support Services

Country : USA

State : North Dakota

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