FONU2, Inc. has announced that it has engaged Lexden Capital, LLC to advise and manage EB-5 financing for the benefit of the company’s construction of sound stages, offices, and film support services on its 1,560 acre property in Effingham County.
EB-5 financing is a federally created program that facilitates foreign investment in U.S.-based companies that generate new job creation.
Under the terms of the agreement, the initial loan amount under the EB-5 program will be for a minimum of $10 million and a maximum of $40 million.
“After significant research of various attorneys, investment bankers and EB-5 experts, I am very happy to have partnered with Lexden,” said Graham Bradstreet, CFO for FONU2 Inc. “While the EB-5 process can be somewhat lengthy, it is a proven high quality capital source for projects like ours.”
Added David Soares, CEO of Lexden: “I have been following the progress of the Moon River project for some time. It is very exciting, and I am highly confident that with our expertise, along with our global network, this will be a successful project and partnership.”
Lexden provides capital and advisory services for companies, at either the project level or the holding company level. Lexden, along with strategic partners, are able to provide the following services to qualified companies:
Financial advisory services — corporate and project structuring;
Invest directly at the corporate or project level;
Underwrite, model and arrange, via existing strategic relationships, structured finance;
Source strategic relationships to enhance production efficiencies, lower cost of feedstock, structure off-take contracts to increase revenues or financing options and/or provide capital commitments to fuel a long term business plan.