At J. EGGERS & ASSOCIATES we specialize in what's called "Securities Based Lending." Securities Based Lending allows the borrower to pledge their securities (stocks, bonds, options, ETF's or mutual funds) as collateral for a loan or line of credit.
The lending vehicle that we offer is a Line of Credit... a Securities-Based Line of Credit or SBLOC.
With this lending platform the borrower maintains the account in their name (and under their control). There's NO Transfer of Title or ownership of the securities.
A SBLOC becomes a safe way to tap your investments for short term needs while protecting them for long term gains... i.e. retirement etc.
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.
Our minimum loan amount is $100,000 and we are seeing closings times between 3 - 5 days. We have also seen Credit Lines as much as 90% - 99% of the portfolio value.
We feel that this is truely one of the best loan products on the market today!!!
We want to thank you in advance for giving us the opportunity to serve you. We look forward to working with you in making this loan process a very simple one.
"Let the power of your portfolio work for you... with a Securities-Based Line of Credit from J. Eggers & Associates."
Securities Based Line of Credit... A Non-Purpose Type Of Loan
Although our SBLOC is a "Non-Purpose" type of loan... we usually do hear about the purpose or reason for the funding request. Here are some recent examples of how our "SBLOC" was utilized to solve a need for financing and some funding scenarios that have been presented to us.
Commercial loan came due and the current mortgage holder (the bank) would not renew loan. As most commercial loans are on a 3-5 year "call" quite a few of them are coming up for renewal and business owners are finding that banks are not renewing the loans and this type of funding is very difficult to obtain now.
Refinance an existing home loan. With values declining and credit tightening our program offers a viable solution and at a lower interest rate and cost then current mortgage financing.
Yacht Purchase. Client buys a 1.2M dollar yacht and finances $960,000. We got him a "SBLOC" at 2.5% interest only compared to a 6.5% traditional boat loan. A substantial savings in the way of monthly payments... $1,999 / month vs. $7,160 / month and our SBLOC is Limited-Recourse.
Buying a foreclosed property from a bank – needed to close quickly.
Refinancing of a commercial loan. Pulled cash out to expand their business.
New home construction went over budget. Bank would not increase the loan amount. We were able to provide the funds to complete the home as desired.
Borrower wanted to do additional investing in the market.
Business financing needed in order to grow company.
Capital needed to purchase investment properties.
Foreign nationals wishing to purchase real estate in the US and do not qualify due to citizenship status.
Remember, our "SBLOC" may be utilized to solve a number of financial situations when other types of financing just may not work. To find out more information on how a "SBLOC" may benefit you... simply contact us at 239-878-7873.
J. EGGERS & ASSOCIATES
Securities Based Lending | 239.878.7873
You want a quick and low-cost way to secure cash.
Using your investments as collateral, we provide low fixed rate financing.
When you repay the loan in accordance with its terms - the lien is released on the pledged securities.
We strive to keep it simple. You can rely on JEA's experience for a fast and straight forward process.
Video From The Ft. Lauderdale International Boat Show On...
CEO Blog - Nov. 7, 2009 Post. Yacht Financing Option Starting At 2.5%
A Securities-Based Line of Credit With Many Great Features!!!
Our "SBLOC" is one of those lending products that promises to be an alternative for many different types of lending. Here's why and what this program features...
Ability To Lend On Control And Restricted Stock
Loan Can Be Established In A Third Party Name (Business, Real Estate Partnership)
Excellent Rates (See Below)
U.S. And Non-U.S. Residents OK
24 Hour Underwriting And 3 Day Funding
No Income Verification / No Asset Verification (Other Than What's Being Pledged)
No Employment Verification
You're Only Charged Interest On The Amount Drawn (Like An Equity Line In That Respect)
No Pre-Payment Penalty
Today's Rates
100K - 249K (4.5% Adj. - Converts To Fixed At No Cost)
250K - 499K (4.0% Adj. - Converts To Fixed At No Cost)
500K - 999K (3.75% Adj. - Converts To Fixed At No Cost)
1M - 4.9M (2.5% Adj. - Converts To Fixed At No Cost)
5M Plus (Negotiable - We Will Tailor A Loan To Fit Our Clients Needs)
Acceptable Collateral And LTV:
Equities, ETF's And Mutual Funds ($10 Or Higher) 65%
Remember, our "Securities Based Line of Credit" can be established in a third party name (Business, Real Estate Partnership) which makes it also a perfect Business Loan Alternative. There's also no Business Plans required, no personal financial statements required and we don't need to see your tax returns... all we need to see are the most recent statements on the securities being pledged.
You Keep Ownership Of Securities Pledged!!!
- Use Your Stocks, Bonds Or Mutual Funds As Collateral...
- Works Like An Equity Line Of Credit...
- 24 Hours In Underwriting... Then 3 Days To FUND!!!
- Up To 99% LTV With U.S. Treasuries...
- Rates As Low As 2.9%...
Call 239.878.7873 Today!!!
(24 Hour Underwriting And 3 Day Funding)
A Loan That's FLEXIBLE And FAST!!!
- Use Your Stocks, Bonds Or Mutual Funds As Collateral...
So, you want to have your cake and eat it to... (Poof) done. Our "SBLOC" is a (New Type) of Stock Loan that allows you to tap the assets for personal needs, while protecting them for long term goals... i.e. - retirement etc... When we created our "SBLOC" - one word seemed to keep describing this new loan... FLEXIBILITY. At J. Eggers & Associates, we realize that your investments are hard earned AND that life is full of uncertainties. That's why we think that our "SBLOC" is perhaps the best loan on the market to date. Investors can leverage their investments AS THEY NEED THEM. Our "SBLOC" works similar to an equity line of credit. The borrower is only charged interest on the amount drawn. That's flexibility!!!
Speaking of such... one of the main key differences with our "SBLOC" in comparison to other Stock Loans - is that the borrower is NOT forced to relinquish title or ownership of the securities pledged. Again, flexibility!!! You've worked hard to get where you are at and well, it's your money!!!
With that being said... you should be able to leverage it should you need to. Which, brings us to the third key difference when comparing other types of Securities Based Loans. Portfolio Leverage...
Our "SBLOC" makes it possible to secure a loan for up to 90% - 99% of your portfolio value. Here's what we mean by that... some collateral such as U.S. Treasuries will command a higher LTV than others. For example: Investment Grade Bonds and Municipal Bonds can only be leveraged up to 90%, while U.S. Treasuries can almost be leveraged to 100% of the portfolio value. Should the portfolio consist of Equities, ETF's, Mutual Funds or Controlled Stock... the Portfolio Leverage would only be in that 60% - 65% area.
Now, let's talk FAST. When the loan goes into underwriting, you can expect it to be there for about 24 hours. We are simply verifying the portfolio value and ownership. Unlike a margin loan or margin account, that often times requires income verifications, other asset verifications, employment verification and induces caps on LTV to the tune of 50% - 55% no matter the strength of the portfolio.
This is where we mention that our "SBLOC" funds in just 3 days out of underwriting. FAST!!!
SBLOC - Fast And Flexible...
Many investors think of margin accounts when they are looking to gain leverage from their investments, but securities loans are a better alternative because they can offer a higher loan-to-value (LTV) ratio, lower fixed interest rates, and other significant advantages over conventional margin account loans.
J. Eggers & Associates (JEA) is second to none in offering a unique financing advantage to our individual clients. A JEA loan provides fast access to liquidity at below-market rates by using securities as collateral.
No transaction is too large or complex.
Unlock the potential in Alternative Financing with JEA's credible, secure, and innovative securities-lending solutions. Call us today... 239.878.7873
