Re: [RealEstate] Standby Letter of Credit Funding Available Worldwide

Fri, 03 Jun 2005 09:05:37 -0700

Mr. Carter,
 
I don't know how long you been in this area of prctice--I would love to know however ----also I have some projects that we can work on--only if this is 100% legit--I stand next to the borrower(s) on the projects--so I'm able to speak on the borrower(s) behalf--also let me know are their any out of pocket fees that my client(s) will be responsible for---also forward conatc inforamtion along with phone number you can be reached at

jazztouch42 <[EMAIL PROTECTED]> wrote:
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






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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
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