Stock Safety and Security: Your account, your name, your
title. Never sold or traded in any manner. Your securities remain yours
and in full view at all times. AAA-rated OCC options. The stocks in your
account are no different from the stocks in any major brokerage account,
right down to the standard account statement and government insurance
though the SIPC. Your brokerage is the custodian just as it always is.
Lender holds a lien on the account. Simple, fast, familiar, secure.
Sound Management: Top-tier, financially sound national
bank-brokerage.
Account Statements: You receive regular loan and account statements
from the brokerage.
Loan-To-Portfolio-Value: You receive up to 95% LTV
based on the market value of your portfolio.
Default: Nonrecourse, as with all our loans. This means
that if you must default on your payments, you'll forfeit the shares and
in so doing, you'll satisfy the entire loan obligation no matter how low the
value of the portfolio may have fallen. This "insurance policy" essentially means there will be no claim on any other borrower assets at
any time even if portfolio is completely worthless on the market. No negative
credit reporting in default. You retain loan cash free and clear
regardless, in default.
Credit Requirements: None. No credit checks, scores, or tax
returns are used in the process of determining eligibility for the loan.
No qualifying.
Funding Timeline: From signing of loan documents to cash in hand,
typically 48 hours.
Margin Calls: There are no margin calls at any time for any reason.
Stocks can fall to any point and still their will be no lender calls.
Never a need to reach into your own pocket for more stocks or cash.
Up-front fees: No out-of-pocket fees in advance of loan.
Lender participation in upside: None. All of the growth in
your portfolio, all of the value, is yours.
Maximum Loan: No reasonable limit.
Premier just got better
Did you know that our Premier family of loans allows you to swap out one set
of stocks for another -- even though they are locked in your account securing
your loan?
That's right. Now you are not only able to tap your securities for
cash value in a feature-rich loan; you will also have the freedom to swap one
set of stocks for another if you so desire. If you own $1 million worth of
shares of Apple, for example, with our Premier Loan program, you can ask your
institutional account manager to exchange that position for an equivalent amount
($1 million) in shares of, say, IBM or other stock of the same or better level.
Interest: Starting from 2%. Quarterly payment standard,
exceptions upon request.
Dividends: Paid directly to you, unless you ask to credit the
dividends against interest.
Voting rights: Remain 100% in your hands. All normal correspondence,
direct to you.
Prepayment: Anytime. Pay off the loan at any time and lien on
shares is removed. NO penalties, period.
Exit: Upon repayment of loan, lien on account by lender
immediately removed, same day in most cases. You may ask lender to sell
enough shares to repay remaining balance of loan. You may prepay.
"Line of Credit" Features: Your choice. If later your
stocks rise in value, lender can rewrite loan with higher loan amounts and
possibly even better rates/terms.
Default: If you cannot make interest payments and default, you
will keep your loan cash and owe nothing further to the lender. You may
also roll loan over or rewrite loan if your stocks have appreciated in
value, possibly with even better terms than offered in original loan if
stocks have performed well.
Eligibility:Minimum $750,000 in portfolio value at inception. Best
rates for larger portfolios and quality securities. Minimum price: $1 per
share. We accept stocks, bonds, and mutual funds.
DISCLAIMER: Information on this website does not imply or suggest the sale or
offering of any securities, any stock buying or selling advice, or financial
advisory services of any kind. Tax, insurance, financial planning, or brokerage
services are not provided. Clients are asked and required to consult only a
currently licensed professional for advice on these matters.