How do we perform differently than our competition?
What makes Ambro better?
When doing bond financing there is a common stigma that it always has to be this grand old big, complicated process.
The industry has deceived developers into assuming you’ll always need a full team of attorneys and specialist on standby in hopes of getting anything accomplished with municipalities for the purpose of receiving bond money.
A lot of big bond companies / firms will offer face-to-face meetings, impressive bios, testimonials, proof of past projects, fancy presentations, past client referrals, and endless information of them online, all in hopes of nailing the sales pitch, closing the Client, and securing obscene retainer fees for the Company.
At Ambro we do not waste time nor are interested in doing any of this. While the big firms may sound great, they fail to include the immense waiting period you’ll have to sit through for them to do their job.
The same job we do but cheaper and faster. For Clients who value being impressed upfront, these firms (our competition) will give you everything you ask for and more!
The drawback is they charge a $200K – $400K retainer and take 6-9 months to get you to bond closing. For Developers who need cash in their capital stack and want to start their project asap this timeline can be devastating.
Meanwhile we charge a $70K retainer and take 60-90 days to get you to bond closing.
Our ideal Client is someone who will listen to what we say and recognize the value in our services. Let us make our mission statement very clear:
We are not here to impress or sell anyone on anything. We simply present our bond services as an option and either the Developer wants us to put it on their project or they don’t.
Some people care way more about being impressed and are willing to pay much higher amounts in order to feel good in the beginning, and don’t mind waiting the longer time frames while working with big firms because that’s what they’re used to since that’s the typical stigma when doing bond financing.
In which case you would not be the ideal Client for us.