top of page
-
What we offer?We provides credit financing to film, television and documentaries. We provide “advances”, secured against collateral such as pre-sale or receivables contracts, tax credits, minimum guarantees, negative pick-ups, etc. We assess every opportunity on a project-by-project basis to see how we can potentially assist – but at this time we cannot assist with equity / matching funds / “Play or Pay” deals.
-
What project are you seeking?We fund Film, TV, documentaries, animation of all genres, with budgets ranging from 1m-200m.
-
What is the max/min loan amount?We review projects with budget range $1m-200m and consider loans from $250,000 up to $100m.
-
At what stage should I submit my project?We like to see projects as early as possible in order to track their progress and potentially comment and assist with the structuring of the finance plan. But realistically we can only begin our analysis and produce a Term Sheet once there is collateral in place we can lend against.
-
What materials are needed to evaluate my project?Creative Package/Deck Script Budget Schedule Cashflow Waterfall Finance Plan Sales Agent terms and estimates Pre-sales Completion Bond
-
Do you require Completion Bond?Yes.
-
How much is your interest and fees?The interest rate that we charge the borrower is reliant on the type of production, and the current prime interest rate environment. We will seek to provide debt less than any other lending fund. The quality and contractual strength of the borrower will influence the final price. This may include the reputation of the borrower.
-
Are there any other fees?There are typically an additional 2% – 5% charges (depending on size) of the total loan as a setup fee to structure, underwrite, close and manage the transaction through maturity. This is deducted from the loan amount the production will receive. The client is responsible for all legal fees incurred in connection with underwriting and documenting of each loan. Once our term sheet is signed a deposit is required to begin legal work.
-
In which territories do you offer lending services?We are a globally established company, with both EU and US headquarters. Our reach extends across the world as we collaborate with producers from various countries. Currently, we offer loan services in the EU, US, Canada, Australia, and New Zealand.
-
What security does LEVEL FiELD take when committing to a loan?LEVEL FiELD take first position security over the collateral we are lending against. LEVEL FiELD will also require both a personal and an additional corporate guarantee.
-
Do you provide a Gap or Bridge loan?Yes, within a span of 6 months, we would offer Gap and bridge financing for selective projects.
-
Do you provide equity financing?No.
-
Do you participate with any other lenders on a deal?Yes we can collaborate with other private equity financiers, private lenders, banks and institutions so long as the specific collateral granted to us is sufficient and unencumbered (i.e. no other financier has been pledged that piece of collateral).
-
Are there specific sales companies and distributors that you use?We have a wide network of sales and distribution connections, but we constantly strive to expand it. We consider the financial reliability of the sales or distribution party before providing a collateral loan. This can change over time. We connect producers with contacts to increase loan likelihood based on their collateral.
-
How quickly does the lending process take?We aim to review and provide initial feedback on a project within 3 working days which will include some outline pricing. A Term sheet will be issued within 7-10 working days. Financial closing can take between 5-30 days.
-
What is a typical loan process?Loan Application - Receive and fill out LEVEL FiELD Check List. Pledge collection account: LEVEL FiELD holds an interest reserve for year one of borrower's loan. Draw downs: Controlled together with a completion bond and or the collection agent according to cash flow plans. Loan repayment: Contract by contract.
-
What is required to close a loan?The Conditions Precedent will broadly consist of the following: • Multiparty Agreements • Financing Agreements • Tax Credit Documentation • Completion Guarantor Agreements • Security Documentation • Sales Agency Agreement • Distribution Agreement • Insurance Policies • Chain of Title • Production Agreements • Locked Production Structure • SPV Constitutional Documents, Resolutions and Searches
-
California State LicenseLEVEL FiELD is currently in the process of obtaining a licensed lender status in the State of California. Our state license number is NMLS ID: 2547188.
FAQ
bottom of page