The policy is “No offer, no fee.” Adopted by our Senior Partner, Richard Spicer, it still stands today. BMS will only accept instructions where it believes, from the data received, that the firm will earn a fee.
Once satisfied a project is fundable and that it has secured interest from a funder, BMS will request a retainer that is deducted from the final costs payable on completion of the project.
The fees payable upon completion of a project will be around 2% of the funds accepted; however, the fee will be higher if the project is funded solely by equity.
Other costs will include out-of-pocket expenses of BMS consultants, the reasonable costs of lenders, and their advisors’ charges.
Contact us for more information.