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Broker Fee Agreement
The Undersigned, ______________________ , hereinafter known as CLIENT, hereby appoints and authorizes Chuck Green and Bay Area Capital Funding, Inc. as Broker, to find Lender and Investors interested in client project, and to submit financial data and information supplied by CLIENT for the purpose of obtaining financing for CLIENT with terms and conditions that are acceptable to CLIENT.
CLIENT hereby agrees to pay directly to BROKER a broker fee of 1% of the amount of the financing obtained, plus processing and administration fees ($900.00 total) which shall be due and payable upon CLIENT’S receipt of funds.
CLIENT understands and hereby agrees that there is no guarantee that his application can be successfully placed or that a commitment will be issued by the LENDER. BROKER is an Independent Financial Consultant and is not authorized to make any financial commitments on behalf of the LENDER.
If no loan is obtained, no broker fees are incurred by CLIENT.
Accepted:
CLIENT:_________________________________ Date: ___________________
Accepted:
BROKER:________________________________ Date: ___________________
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