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Financing
In today’s tough economy, obtaining financing for larger capital parking lot projects
can be difficult. You need your projects completed and funding has never proven more elusive.
TILCO Vanguard is the only company in the entire Puget Sound to offer financing for your parking lot projects, and the only one that ever will. It’s just another example of the innovation we bring to our most important project: Yours.
50% down on completion, or in progress payments of 10% per month up to 50% if project is longer than 90 days, remainder to be paid over agreed period.
| Project size |
Payment Duration |
Terms |
| $25,000-125,000 |
12 mo |
5.75 points over 10 yr Treasury |
| $125,001-250,000 |
18 mo |
6.75 points over 10 yr Treasury |
| $250,001-500,000 |
24 mo |
7.25 points over 10 yr Treasury |
| Add for additional |
6 mo |
Plus 0.25 points |
| Add for additional |
12 mo |
Plus 0.75 points |
Examples
| Project size |
Project Duration |
Terms |
Monthly Payment (approx) |
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| $125,000 |
90 days |
50% down on completion in 90 days. $62,500.00 to be financed over 12 months. |
$5,470.53 |
| $125,000 |
12 mo |
10% of project amount ($12,500.00) per month due every 30 days. At the point wherein which client has paid 50% of amount proposed, remainder to be financed at 12 months, first payment beginning on the first day of the 6th month. |
$5,470.53 |
| $300,000 |
90 days |
50% down on completion in 90 days. $150,000.00 to be financed over 18 months. |
$9,020.03 |
| $300,000 |
12 mo |
10% of project amount ($30,000.00) per month due every 30 days. At the point wherein which client has paid 50% of amount proposed, remainder to be financed at 18 months, first payment beginning on the first day of the 6th month. |
$9,020.03 |
Terms
Credit check costs will be added to the cost of the project. All collection costs including oversight costs from TVI staff will be added to final amounts due. Liens may be required to protect our investment depending on the previous relationship with client. All lien rights regardless will always be reserved and protected and available to TVI at all times.
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