Standby Letters of Credit (SBLC) and Bank Guarantee (BG) PDF Print E-mail

We are direct to one of the top providing Providers of Standby Letters of Credit (SBLC’s), and Bank Guarantee’s (BG’s) in the world.

The Minimum SBLC or BG which we will provide is for 10 Million.

Provider uses their Collateral to back the Instrument from the Issuing Bank. Cost is 14% of Face Amount of the Instrument.

Please call us if:

1. you want to place an immediate order for an SBLC or BG, and

2. you can provide a screenshot of money to pay for the instrument.

Standby Letters of Credit and Bank Guarantees are the number one solution for real estate developers in this frozen credit market. We are in a lending environment when borrowers (such as developers with creditworthy projects), who in a better banking climate would have no difficulty in obtaining conventional financing for their projects, now are required by their lenders to provide additional collateral in order to secure their financing. The most frequently requested type of collateral enhancement is the Standby Letter of Credit. Standby Letters of Credit are secondary collateral, which means that they are only called upon in the event of default by the borrower AND after the lender has pursued its normal remedies to collect from the borrower. At that time, the bank issuing the Standby Letter of Credit will, after presentation of the Standby Letter of Credit, pay any shortfall the lender may have incurred, and will be made whole.

Standby Letters of Credit, which are leased bank instruments, are obtained only through Standby Letter of Credit Attorneys, who have hedge funds that back these instruments from their cash reserves, and are paid a fair return for the risk they are taking. The process is for the borrower to file an application package and proof of ability to pay for the Standby Letter of Credit, at which time the borrower receives and signs a term sheet, which is a contract, and an escrow agreement, and then places his funds in escrow. The hedge fund then arranges with a Tier 1 world bank (such as HSBC London, Barclays, Deutsche Bank or Credit Suisse) for the issuance of the Standby Letter of Credit by depositing cash in the face amount of the letter with that bank. The process takes about 10 days from the time the 14% fee is placed in escrow until the Standby Letter of Credit is delivered to borrower’s lender, although that’s an average and it can take a few less or a few more days. When the Standby Letter of Credit is delivered and verified, the fee is released to the hedge fund.

For more information, please fill out the form on the left or call us at (310) 878-2318.


For existing SBLC/Bearer Bonds

Minimum $1.0 Million up to $1.0 Billion unencumbered SBLC's, Bearer Bonds, BG's, MT760 or CD's backed by cash or gold, owned and not leased.

Below are the terms we can offer:

  • We can close in 1 to 10 business days depending on the Bank Instrument with full cooperation from all parties, no up front fees or deposits, funds are not moved, it is very simple and straight forward.
  • Our direct principal has his own credit line for which he can lend against and there is no middle man or broker between us and the money. 
  • Terms: 1 year with the option to extend up to 3 yrs.
  • LTV Maximum: 80-85%
  • Rate: 14 -15% I/O 
  • JV: 50/50 * Negotiable

For more information, please fill out the form on the left or call us at (310) 878-2318.

 
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