Financing-as-a-Service

More efficient B2B financing

We connect capital borrowers and capital providers

Experienced real estate asset managers and developers

  • with ongoing financing needs (two transactions p.a., often much more)
  • professional acquisition and financing processes
  • substantial financing needs per individual transaction

Companies with good credit quality or even capital market capability if applicable

We serve as your extended workbench for financing tenders

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Comprehensive, up-to-date market information for structuring and project budgeting
Market-wide tenders in all common instruments
Quick answers from the capital providers without negative surprises in the further process
Significant reduction of capital costs through demonstrably more favorable financing, taking into account all relevant value drivers
Internal resources are relieved from administrative tasks
Covering peak loads
Full control over the process, all essential pieces of information are available on the platform at any time

Only performance-based transaction fees are incurred when using the platform. Cost advantages from economies of scale and digitization are taken into account. Fees are regulated by the price list and agreed transparently when an individual transaction is commissioned.

  • Comprehensive, up-to-date market information for structuring and project budgeting
  • Market-wide tenders
  • Quick answers from the capital providers without negative surprises in the further process
  • Significant reduction of capital costs through demonstrably more favorable financing, taking into account all relevant value drivers
  • Internal resources are relieved from administrative tasks
  • Covering peak loads
  • Full control over the process, all essential pieces of information are available on the platform at any time

Only performance-based transaction fees are incurred when using the platform. Cost advantages from economies of scale and digitization are taken into account. Fees are regulated by the price list and agreed transparently when an individual transaction is commissioned.

Deal advisors

  • with trust-based client relationships, which have usually developed over many years.
  • who intensively support their clients in the planning and implementation of their projects, for example, in the commercial analysis and budgeting of the project, sales and leasing options, price negotiations, etc.
Your customer portal and extended capital provider network

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Adding value for your clients through

Advanced and easier access to market information and capital providers
Digital user experience: high transparency and information security for you and your clients throughout the transaction process
Possible to present yourself with your own branding and client protection agreements

Optimization of your resources through

Relief from administrative activities
Best practice processes, which are digitalized and aligned with lenders

As a securities broker, we legally handle the intermediation (regulated by the German supervision BaFin acc. to WpIG). You are relieved from KYC tasks and can also raise capital for your client through us in the form of securities (e.g bonds).

Adding value to your clients by

  • expanded and easier access to information and lenders
  • digital user experience: high transparency and information security for you and your clients over the entire transaction
  • Possible appearance with own branding and customer protection agreements

Optimization of your resources:

  • Relieving the burden of administrative tasks
  • Best practice processes, which are digitalized and aligned with lenders

Large and mortgage banks.

Savings banks and cooperative banks, especially institutions with the larger lending facilities or special expertise in real estate financing.

Alternative lenders such as insurance companies, other pension providers, and credit funds, as well as family offices (no private investors and semi-professional investors).

Private banks and foreign banks, which are active in real estate financing.

Locally active capital providers.

Support for your origination and credit review

.

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Instantly more profitable business without additional resources:

Receive inquiries with perfect-fit and high probability of closing
Structured transaction process and quality-assured information (low processing effort, few failed attempts)
Market information supports business management
Digitization of credit processes without own IT development effort

The use of the platform for capital providers is free of charge. As a rule, capital borrowers bear our purely success-based fees, which take into account cost advantages from economies of scale and digitization.

Instantly more profitable business without additional resources:

  • Receive accurate queries with high probability of completion
  • Structured transaction process and quality-assured information (low processing effort, few failed attempts)
  • Market information supports business management
  • Digitizing credit processes without in-house IT development efforts

The use of the platform  for capital providers is free of charge. As a rule, borrowers bear our purely success-based fees, which take into account cost advantages from economies of scale and digitization.

Efficient

Efficient

We have harnessed the platform economy for B2B-financings:
digital processes,
scale and network effects.

Transparent

Transparent

All important information available on one platform 24/7.
Consistent, well-documented rules for all stakeholders.

Low-priced

Low-priced

Fair, success-dependend transaction fees.

Quality

Quality

 We only place promising inquiries
specifically to suitable capital providers
– with only the necessary information:
comprehensive, precise, and decision oriented.

Top tier companies are already using us

Choose from a wide range of financings

Asset classes

real estate financings,
all asset/risk classes including land banking,
selectively infrastructure
and corporate financings.

Financings

Project and inventory financings
including acquisition, subdivision, developer,
and bridge financings.

Capital structure

senior
mezzanine
whole Loan.

Regions

Germany
Austria

selectively also other European countries.

Instruments

secured loan
unsecured loan
syndicated loan
further instruments representable via partners

Volume

from ~€5 million senior
or from ~€2 million mezzanine.

For borrowers who raise capital more frequently, also smaller individual transactions.

We give our best for your success

Digital platform with practical modules

  • Data room and document management
  • Selection of capital providers and order management
  • Status reports and quotations
  • Task management and communication module

Additional modules for underwriting processes

  • Electronic Order Book
  • Allocations

Core functions

  • Instant stand alone web solution
  • Intuitive operation, easy to learn on the fly
  • ‘Golden’ data source for all stakeholders with always consistent, quality-assured data and documents
  • Digital cockpit with all essential information about the transaction
  • Outsourcing processes to our platform is possible, but not required
  • Audit-proof (Audit trail)

Security

  • Hosted by AWS on German servers in a highly secure, certified environment
  • Technical administration by valantic

Experienced transaction support teams

  • Relationship management with many years of transaction experience at leading banking institutions
  • Specialist team and lender support with relevant banking and treasury experience
  • Available via the platform, e-mail, webco and phone

Comprehensive personal support

  • Operating the platform
  • Information on current market events (conditions, possible structures, market participants)
  • Preparation of information (Financing Memorandum, data room, Q&A)
  • answering emerging questions
  • Preparation and explanation of offers and contracts
  • Participate in negotiations if desired.
  • Optional: support for obtaining information and documents and creating documents for the data room

Deniz Besir

Relationship Manager

Michael Müller

Investor Relations

Daniela Cremer

Analysis and Support

Paul Zelder

Head of Origination

Two Basic Processes, Many Financing Options

  • Tendering process from structuring to payment
  • Issuing process
  • Broad range across the capital structure

A unified set of rules

  • Transparent, fair rules that apply to all parties
  • General and special terms and conditions; price list
  • Quality-assured, standardized presentation of the financing project and offers
  • German and English as platform language

Description of services

  • Gain first insights by our product video:
  • For registered users, there are detailed tutorials available

This is how we support your entire financing process

Tendering process

Structuring,
Pre-inquiry (optional),
Prepare financing request
Obtain indications
Collect term sheet
Get credit approval
Reconcile documentation and fulfill disbursement
conditions

This is how we support your entire financing process

Tendering process

Structuring, Pre-inquiry (optional)

 

This is what we do for you
  • Preliminary review
    • Discuss project taking into account current market situation
    • Survey status of project, experience and reputation sponsor,
  • Select instrument and appropriate lender groups
  • Set realistic transaction objectives
  • Selection of lenders from lenders’ database based on transaction data
  • Reconciliation of pre-request (1-2 pages) and list of capital providers
  • Binding agreement of the success-based fee according to the price list
This is what we need from the borrower
  • Short introductory WebCo.
    • Present your project and its status (have capital providers already been approached, where does the acquisition process stand)
    • Discuss transaction objectives (LTV/LTC, terms…)
… and that from the lenders
  • Capital providers are usually not yet involved in the structuring/preparation phase
  • if necessary, provide feedback on preliminary inquiry whether you are interested in the transaction (platform, mail or telephone) and pre-indication
  • if necessary short phone call / correspondence with credX to clarify your expectations

Prepare financing request

 

This is what we do for you
  • Determine structure and benchmarks of transaction, taking into account the current market situation and, if necessary, results of preliminary inquiry
  • Request and review key documentation on the project, transaction participants, solvency of borrower, sponsor and guarantor, if applicable, track record
  • Discussion of ambiguities and open points
  • Creation and reconciliation of Financing Memorandum (data set, presented in HTML and PDF)


If not already done at pre-inquiry

  • Reconciliation of capital provider list
  • Binding agreement of the success-based fee according to the price list
This is what we need from the borrower
  • Provide documents to credX (selecting documents from the acquisition/planning process)
  • Respond to queries from credX
  • Release pre-inquiry and capital provider list, place brokerage order
  • usually short phone call/WebCo for joint evaluation

Obtain indications

 

This is what we do for you
  • Distribute Financing Memorandum via platform, accompanied by telephone briefing of lenders by credX and possibly also (for individual ‘house banks’) by the borrower
  • If necessary, contact potential capital providers who are not yet onboarded (not disclosing the concrete individual transaction) and agree on confidentiality if interested
  • Daily status report
  • Respond to queries
  • Evaluate returns in detail in the offer overview, usually combined with queries to the lenders in order to clear up ambiguities and to be able to compare the offers
  • If necessary, deliver proposals for the formation of suitable consortia
  • Determine further course of transaction with the borrower
  • Select lenders for term sheet phase (usually 2-3)
  • Information to lenders about the outcome of the indication phase and, if applicable, further procedure
This is what we need from the borrower
  • If applicable, deliver brief info to house banks that credX is coordinating the process
  • Track transaction based on status report on platform
  • Sometimes answer queries from credX (most was already cleared in the course of editing of Financing Memorandum)
  • In exceptional cases, contact investor directly to provide first-hand information
  • Pass on indications, if any, that were obtained bilaterally
  • In general, WebCo based on the bid overview
… and that from the lenders
  • Download memo
  • if necessary, brief phone call/correspondence with credX to clarify questions
  • if necessary, ask questions (phone, mail or platform)
  • within 7 – 14 days give indication or negative reply

Collect term sheet

 

This is what we do for you
  • Coordinate documents to be delivered to lenders (based on credX standard requirements, lenders may have additional requirements)
  • Coordinate data delivery and quality assure documents
  • Discuss queries and responses
  • Evaluate term sheets in detail according to uniform criteria, clarify ambiguities with lenders
  • Support capital recipients in evaluating term sheets and identifying requests for changes
  • Prepare negotiation (usually 1-2 WebCos), if desired also closely accompany negotiation with lenders
  • Follow-up on results and their implementation in term sheet
  • Communicate decision to all capital providers who had submitted a termsheet
This is what we need from the borrower
  • Review and comment on consolidated requirements list agreed with KGs
  • Deliver documents according to requirements list
  • Answer queries or coordinate responses with credX
  • Submit term sheets, if any, obtained bilaterally
  • Discuss term sheets, prepare and conduct negotiations
  • Review and sign
… and that from the lenders
  • Review and complete credX document request or submit your own request for reconciliation
  • Download documents
  • Submit queries
  • Submit term sheet (in capital provider’s own format)
  • Submit explanations upon request credX, if applicable.
  • Lead negotiation (usually a WebCo with the borrower)

Get credit approval

 

This is what we do for you
  • coordinate data request and schedule for loan resolution and disbursement with both parties (and syndicates, if applicable) and post to the platform’s document management system
  • Coordinate delivery to the data room and quality assure documents
  • In addition, if desired: credX can upload documents to the data room (e.g. from an existing data room)
  • On request additionally: Check provided documents in more detail, support in preparation
  • Coordinate queries and responses (Q&A)
  • On request additionally: discuss queries with both parties, support in the preparation of responses
This is what we need from the borrower
  • Amend and approve credX’s proposals
  • Submit documents according to list of requirements (can be commissioned for a flat fee)
  • Respond to queries
… and that from the lenders
  • Review and comment on credX’s proposals, make additional requirements
  • alternatively provide own overall data requirement (e.g. in term sheet)
  • Download and evaluate documents
  • Submit queries

Reconcile documentation and fulfill disbursement conditions

 

This is what we do for you
  • Screen draft contracts
  • Notice of unusual or critical issues (no liability; credX also does not provide legal advice)
  • Signing of contract on the platform (optional)
  • Create consolidated CP list with required documents, deadlines, explanation if applicable and distribution responsibilities
  • Consolidate KYC requirements and match with documents already obtained by credX
  • Request additional documents (list of requirements) or obtain them by ourselves (e.g. transparency register and excerpts of commercial register)
  • Coordinate and answer queries
  • Coordinate fulfilment of CPs
  • In addition, if requested: review provided documents in more detail, support in obtaining documents
This is what we need from the borrower
  • Review contracts and indicate changes
  • Sign/close contracts
  • Post information according to requirement list
  • Identify acting persons (e.g. via PostIdent)
  • Answer queries
  • Deliver documents according to CP list
  • Inform credX that disbursement has been made
…and that from the lenders
  • Send contracts (bilateral loan agreements)
  • Sign/close contracts
  • Review CP list for completeness
  • Match KYC requirements with credX’s designated KYC package
  • Receive CPs successively, comment if necessary or confirm fulfillment
  • Disburse (directly to borrower) and inform credX that disbursement has been made

You can view more information in the desktop view

How can I use credX Financing-as-a-Service?

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