The Bank can provide non-recourse loans on Purchase or Lease Bank Collateral BG,MTN,LOC,CD,,
Bank collateral must be delivered by MT799 or MT760 electronic to funding bank purchase or lease instrument from One Million to 2.5 Billion.We can assist you with funding against SBLC Credit and Bank Guarantee , MTN, CD and other type of instruments.
The basic questions are:
1. who issued the instrument?
2. What is the amount of the instrument?
3. Are the instruments leased or owned?
4. Does the client want a loan against the instrument or are they interested in selling the instruments?
5. What is the use of funds?
6. Are you direct to the client?
7. what country is your client located in?
The Funding Process
- Complete the standard application and email to Atlantic Financial Services LLC, the more information you include the faster the process.
- After review of your application a loan officer will contact you within 24 hours to discuss your financing request.
- If you choose to go forward your request will be submitted to the appropriate non-recourse Lender.
- When the Lender review is completed a non-recourse loan agreement will be prepared for your review. The lender will issued a LOI with wiring instruction to send instrument. There are a review and underwriting fee of $50,000.00 USD or higher depends loan amount require once you accept loan terms and condition.
- Upon your approval of the MT799 or MT760 swift wire
instructions will be communicated and the funding process
will occur Lease instrument LTV 95%, after interest and fees client nets 76% LTV
Optional Project Financing By SBLC/ Bank Guarantee Line Of Credit
Project Financing Programs
$25M Bank Instrument Pilot Program
Provides up to $15,000,000 in project financing
$50M Bank Instrument Pilot Program
Provides up to $30,000,000 in project financing
$75M Bank Instrument Pilot Program
Provides up to $45,000,000 in project financing
$100M Bank Instrument
Provides up to $65,000,000 in project financing
$500M Bank Instrument
Provides up to $325,000,000 in project financing
Note: If the borrower does not have the bank instrument fee Atlantic Financial Services LLC. can introduce the borrower to a bridge lender. Borrower must have fees for the bridge lenders processing, underwriting, legal work, escrow and administrative fees will held in escrow $8,000.00 . My Lender also has the ability to convert your construction loan into permanent financing once your project is completed.
***Please contact Atlantic Financial Services LLC for specific information on procedures and costs related to these programs.
Citywide offers two options for financing projects using bank instruments:
- If the borrower has the bank instrument fee and at least 10% cash in to their project and 25% of the funding amount in additional collateral Atlantic Financial Services LLC lending partner will fund straight debt.
- If the borrower does not have the bank instrument fee, does not have the 10% cash into their project and 25% of the funding amount in additional collateral then Atlantic Financial Services LLC lending partner will do an equity partnership of 50% to 60% and no buyout clause