1. Chicago Bancorp Security Based Lending
**The loan can be used for a down payment, to pay off a debt to qualify,
to purchase the actual property, or ANY other purpose.**
The Product:
A Loan where the collateral is publicly traded. Min $100k
Above $500mil to be discussed.
No Credit report needed.
No income information is requested or represented by the client.
Low Interest Rates: Between 2.5% - 4.5%.
High Loan to Value -- Up to 80% LTV.
The main driver of LTV is how active the collateral is traded.
Any Domestic or International publicly traded stock.
Actively traded Bonds are eligible as well.
The funds can be used for any purpose.
It is a loan not a sale the borrower keeps all the dividends and all the market appreciation.
The Loan is non-recourse - meaning the borrower can walk away at anytime and keep the loan proceeds.
Interest only, fixed rate for life of loan, paid quarterly.
3, 5, 7, or 10 year terms.
John Gusweiler Poast
Senior Banker
300 N Elizabeth Suite 300E
Chicago, IL 60607
Handy: 312.543.0688
Direct: 312.738.6242
jpoast@chicagobancorp.com
http://johnpoast.chicagobancorp.com