ANNAPOLIS, Md., Aug. 22, 2011 /PRNewswire/ -- Securities Based Funding, LLC, Annapolis, MD, announces the addition of two new programs to broaden the spectrum of appeal of alternative financing and their highly successful Securities Based Lending program. In addition to the Securities Based Lending program, SBF, LLC now offers a Securities-Based Line of Credit and a Capital Advancement-Project Funding program to further assist borrowers and developers obtain flexible, less restrictive forms of financing.
Given the extreme and ever-worsening nature of the ongoing "credit crisis," SBF's purpose is to enhance the ability of borrowers and financing professionals to obtain flexible, less restrictive financing while building long-lasting strategic alliances for continued ethical business relationships. SBF's programs offer viable alternatives given the depth of the credit crisis and the collateral which many borrowers possess.
Lending against the borrower's securities portfolio eliminates the gaps created by the credit crunch and provides many other unique financing advantages over traditional mortgage, margin loans or cash. Listed below is a brief description of each program. Visit SBF's website at http://www.sbffunding.com for more in-depth details.
A simple, non-recourse process to obtain funding for any purpose.
This lending platform allows the borrower to pledge their securities (stocks, mutual funds, bonds, MTN's and T-Notes) to obtain funds for personal or business use. Using securities as collateral it is possible to borrow money at a fixed interest rate that is below 4.50% for up to 10 years.
SBF works with a private, direct lender that offers the most straightforward, personal and customized solutions to borrowers in need of prompt financing. In recent years, they have executed hundreds of successful Securities-Based Loan transactions worldwide, lending millions of dollars in the U.S. and abroad. Their proven and efficient process streamlines loan paperwork for a rapid and trouble-free experience.
SBF is supported by a national network of established, knowledgeable loan professionals and other expert financial, legal, and research support personnel to provide a simple financing solution to meet your borrower's needs.
Securities-Based Line of Credit
As in Securities-Based Loans the Securities-Based Line of Credit program also allows the borrower to pledge their securities as collateral for the loan. However, with this lending platform the borrower maintains the account in their name (and under their control) and the borrower may trade or sell their securities.
This is a Line of Credit program with either variable or fixed rate re-payment plan and the loan may be repaid at any time with no pre-payment penalty.
Our lending partner is a top-tier US Bank/Investment Firm which has been in business for over 75 years and each account is SIPC insured.
Capital Advancement-Project Funding
SBF is able to assist with high LTV funding (up to 100%) of projects, both domestic and foreign, where the client is seeking financing in an expedited manner with minimal "red tape." SBF is a broker liaison with a number of domestic and international financing resources which include private lenders and public banks.
The minimum loan amount is $10MM. The borrower must be able to provide "Proof of Capacity/Funds" for the completion of the transaction. In some cases that may be as low as 4% of the projected loan amount. The total amount of funds that will be needed at closing depends upon the loan size and type and amount of collateral for the requested loan.
Some benefits of our Capital Advancement lending resources include:
- No up-front fees
- No pre-payment penalty
- Closing costs may be financed back into the loan
- Funding in a matter of weeks
- Lender does not take an equity position in the project
SOURCE Securities Based Funding, LLC