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March 19, 2005
Loans on Yachts, Aircraft, Gems, Fine Art, Oil Tankers, Large Construction Equipment
Short Term Loans / Lines of Credit Tied to High Net Worth Collateral $10 thousand - $100 Million Maximum
(PRWEB) March 19, 2005 -- One of the dilemmas of being mega-wealthy is locating a place to Loan against your valuables. Now, through our partner, there is a solution... Through our alliance with this niche finance company, who is essentially a pawnbroker to the rich and, we can offer short or long-term loans and/or Lines Of Credit from $10 thousand to $100 million. We can arrange to lend on: yachts, aircraft, gems, fine art, oil tankers, large construction equipment and much more.
This Niche market is designed for the Super Rich these are the individuals who have many assets and may be looking for some quick cash in these bad economic times. The individual would place his assets in a Special Vault in Florida with an “SKR”. The Assets would remain there until such time as the Loan is replenished. Through our alliance we can offer short and Long-Term Loans and/ or Lines of Credit from $10 Million to $100 Million. We can arrange to Lend on all of the items in below. Client lucky enough to posses such assets can expect the royal treatment when it comes to our partner in Florida. They will provide Air Transportation to South Florida, Limo service to a water front hotel, fine dining and the full treatment at a day spa – Luxuries No Bank could offer.
The Circumstance of these loans might be a margin call, Tax Liability, Trust Income, unexpected bill or a one time Emergency. We can help a company who may be slipping into Bankruptcy or disarray by loaning the money based on their asset. For Example there are a lot of companies and individuals in the Silicone Valley who are looking to unload some of their assets.
Unlike a Bank, we can move quickly in providing client money because it does not have to put clients through the same type do analyses a bank does. We do not consider a clients credit, length of employment or debt to income ratios. They look at one thing, the assets. We value the assets, and we loan the sum of money based on the value of the assets to our customers. Loan Process and appraisal is 7-10 Day process.
Loans:
- Yachts
- Private Jets
- Gems, Fine Cut & Polished (only) No Un-Cut Stones). No Rubies
- Gold Bullion, Gold Bars
- Fine Art, Sculptures, Molds held in an SKR
- Large Construction Equipment
- Oil Tankers
- and more
Requirements:
- Evaluation Form must be sighed and dated by the Principle
- The Assets are held in a secure Location “SKR”
- Lender Must Perfect a 1st Lien on the Assets
- LTV 10% - 80% will depend on Transaction
- Full appraisal paid for by the Funder
- Front End Fee Agreement Paid out simultaneously with Funding
Procedure for Loan Against Gems:
If gems are anything other than diamonds or gold, gems must have cross collateral Cross collateral preference is real estate (commercial building, corporate mansions) Other forms of collateral assignable Certificate of Deposit or assets that can be easily liquidated in the event of default Obtain clean copies of appraisals, purchase history Speak directly to appraiser (verify value & condition, GIA certified).
Inquire about insurance - get copy of policy
Are Gems in safekeeping (Bank, Vault, etc.)
Will principal move Gems to another location for safekeeping
LTV for diamonds, gold 70 - 90%
LTV for other gems 50-60%
If all this checks out,W borrower fills out Form Affidavit & Loan Request Form Loan Process begins.
Posted by Industrial at March 19, 2005 02:17 AM