Protective Capital Structures Corp. (fka PCSO)

[valorie]

It would not be closed if funding was not in place. It would be pending, and closed on the completion of funds.

This does not mean that they have to have the funds upfront, it means they have to have access to the funds and that those funds are for this particular project. If they use a voucher system that when certain parts of the project are complete they will voucher to that completion and be compensated by loan funds, at the completion of funding the loan will probably be set into a different category or classification any interest rate will be set at its lower prime/according to structure of loan.

March 13 is posted as a closing date, this is very important as to interest rates and pay out deadlines (also if there are any material or constructional) provisions/guidelines that will affect the funding process.

There would probably be penalties involved on either side should the closing conditions not be met. Just my humble opinion Val