Loan Request, SLS Collateral, 10%, 180 days in Burlington, Vermont For Sale
Owner has 5 Senior Life Policies in a block that he
Is willing to separate for a short term loan.
The block of 5 consist of:
1-10MM Face Value, 10% Loan 1MM
1-10MM Face Value,10% Loan 1MM
1-10MM Face Value, 10% Loan 1MM
1-8MM Face Value, 10% Loan 800K
1-5MM Face Value, 10% Loan 500K
Ages 83, 82, 82, 86, 82.
1. The owner is looking for a 10% loan on the Face
Value of each policy. Lender can choose.
2. The policies have no liens or encumbrances.
3. They are housed and maintained by an attorney
Trust firm, Therefore they cannot be moved.
4. An attorney issued Safe Keeping Receipt will be
provided to the lender.
5. Owner will pay 10% in 180 days. If paid early there
will be no reduction in the interest.
6. No upfront fees will be entertained.
7. Only interested RWA need reply.
8. NO Spammers
9. SKR will state, ?If there is a default, the lender will
receive the original policies within 7 business days
and ownership will be assigned to the lender.?