Sustained Benefits Guaranty
As a Client, CMAC agrees to maintain its services throughout the term of your financing. Those services include the following:
1. FINANCIAL MONITORING
CMAC will evaluate the Client’s financing on a routine basis to provide an update of the Client’s financing position relative to the then-current market. CMAC will report on:
a. Pricing: If it appears that the interest rate can be improved and by how much.
b. Improvement in Cash Flow: If the cash flow can be improved by an adjustment to amortization or rate.
c. Prepayment Update: If there is a there a prepayment penalty at the time of CMAC’s report and, if so, the amount of the penalty.
2. CLIENT ADVOCATE
Should any questions arise as to the loan covenants or any issues arise between the lender and the Client, CMAC will intercede as the Client’s advocate and provide its best efforts to resolve such issues.
3. DEBT MODIFICATION
Should Client decide that it wishes to modify its debt with its current lender, CMAC will work on behalf of the Client to secure that modification. Additional debt and term extensions will be considered new debt.
Additionally, CMAC offers exclusive discounts to our Clients when they return for further services. Those discounts include the following:
DISCOUNTED FEES ON REFINANCING
If Client refinances a debt, that portion that is new money (exceeds the current principal balance) and/or extends the current term will receive a 40% discount from the then current CMAC fee if within the first 4 years and 25% thereafter.
DISCOUNTED FEES ON NEW FINANCING
Any CMAC Client that finances an additional property beyond the 18-month initial window and where the property was not contemplated in the initial RFP, will receive a discount of 25% from the then-current CMAC fee.