First and foremost, Flix Financial always prefers to partner with great producers and creative teams who have done the early leg work on their project which might include talent, equity investors, executive producer attachments, or other compelling elements. These elements prove to us you are serious about making your project. The second most important factor is whether or not a senior lending opportunity actually exists. As a senior lender, Flix is almost always the “last dollar” into a project finance plan. In other words, Flix is able to lend when the pieces of production are in place or are being put in place with another institutional, as with a bridge loan opportunity.
Flix requires a first priority, perfected security interest in at least one element of collateral (i.e. unencumbered pre-sales/receivables contracts, tax credits, minimum guarantees, etc.. In all most cases without a completion bond, but we will also require both a personal and an additional corporate guarantee.
Flix must charge for the legal fees incurred in connection with underwriting and documenting of each loan. For smaller deals, the fee is typically between $2,000 and $4,000. For larger transactions, the fee can be considerably higher and based on the specifics of the transaction. We use mainly Wyoming attorneys so that the overall cost of your production is is not wasted on legal expenses. Flix typically requires an upfront, non-refundable legal deposit to commence work. The amount required will be specific to the transaction and will be communicated to you as early as possible.
Flix typically charges between 10% – 22% per year based on the size, duration and security/risk parameters of your specific project. Pricing guidance is a loose estimation and can vary greatly depending on project specifics.
Flix requires a first priority, perfected security interest in at least one element of collateral (i.e. unencumbered pre-sales/receivables contracts, tax credits, minimum guarantees, negative pick-ups, etc. In all most cases without a completion bond.