Every few months, the BS with the letters of credit, guaranteed insurance contracts, and/or prime bank notes pops up. Its too bad that valuable bandwidth, time and money are expended on this baloney.
B Foster -----Original Message----- From: [email protected] [mailto:[EMAIL PROTECTED] On Behalf Of jazztouch42 Sent: Sunday, May 15, 2005 10:50 AM To: [email protected] Subject: [RealEstate] Standby Letter of Credit Funding Available Worldwide We have direct access with a large well recognized Lender that provides ,they are a discounter of standby letters of credits only.What this means is,if you can obtain a LC from a major bank,they will fund that LC(with a bank to bank transaction).The reason your bank would want to do this is that they get to collect the maintenance fees plus a renewal fee annually. The reason you as a client will want to do this is that our lenders rate is 100 bp over LIBOR,the lender charges 2% and we charge 1% as a one time fee.If you keep the loan over 1 year,you simply pay small renewal fees,but we are not paid again unless your loan amount increases. This is a terrific program for developers of real estate and business worldwide because if set up correctly you can use it over and over as a revolver.No need to go get every project completely underwritten.It is also pretty simple to increase the loan amount,as long as you have the assets to back it up. Here the critical items you will need,no exception: 1)A Standby Letter of Credit only and it must come from a top well recognized bank that has a A1/P1 rating. 2)The bank contact information.Our guy will call the bank to verify that the LC is real and to arrange the transfer of funds. 3)A simple one page description of the project and a list(with contact information) of the principals only. 4)The fee agreement with the principal borrower and the breakdown of fees due the brokers(be prepared to include overnight or wiring instructions). Remember,the whole transaction is a very simple bank to bank wire transfer transaction.So long as there is a quality good recognized bank providing the LC,our guy will fund it.They areb contractually obligated to fund about $10B of these a month.Once they have the items above,it takes about 7 business days. They fund from $3 Million up to in excess of $5Billion,you must be a direct Principal borrower or have direct access,no exception.If interested,contact me. Thank you, Mr.Carter ------------------------ Yahoo! Groups Sponsor --------------------~--> Has someone you know been affected by illness or disease? Network for Good is THE place to support health awareness efforts! http://us.click.yahoo.com/Rcy2bD/UOnJAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links ------------------------ Yahoo! Groups Sponsor --------------------~--> What would our lives be like without music, dance, and theater? Donate or volunteer in the arts today at Network for Good! http://us.click.yahoo.com/Tcy2bD/SOnJAA/cosFAA/iiEolB/TM --------------------------------------------------------------------~-> Apply for Commercial Real Estate loans online and submit your deal to dozens of hungry lenders in just minutes. Loan programs for all types of business and commercial real estate. Apply anytime at http://realestatezoo.com RealEstate Part of RealEstateZoo.Com ------------------------------------- Post message: [email protected] Subscribe: [EMAIL PROTECTED] Unsubscribe: [EMAIL PROTECTED] List owner: [EMAIL PROTECTED] Web Site: http://groups.yahoo.com/group/RealEstate Yahoo! Groups Links <*> To visit your group on the web, go to: http://groups.yahoo.com/group/RealEstate/ <*> To unsubscribe from this group, send an email to: [EMAIL PROTECTED] <*> Your use of Yahoo! Groups is subject to: http://docs.yahoo.com/info/terms/
