Funder is offering a monthly recourse loan program with minimum of 500,000 to 1,000,000 amount down payment with a bond issue providing an approximate net of 15% per month.
- Minimum: $500,000 to $1,000,000.
- Term: Twelve Months.
- Draw-down: approximately 15% net per month.
- Security for Cash: Physical delivery of cash backed insurance bond issue and MT799.
- Escrow: NY State registered attorney escrow
Procedures:
- Application
- Contract
- Client sends funds to escrow attorney.
- Money released to Funder, and client receives a physical restricted bond issue, and a MT799.
- Funder begins funding and provides client with a monthly draw-down for one calendar year.
- At the end of funding, client can redeem the bond issue for cash.
Contact an Altika representative for more information.
