We see lots of messages on this subject so we know you will be cautious that is fine.
We have banking instruments available for lease. The fees are very competitive and the terms are very fair and reasonable. We are lease agent and appointed rep paid by our principal. The process is simple and is professional with bank to bank involvement. Instruments available for one year term which can be extended. All instruments are currently issued and can be checked on Euroclear. Amounts vary by month but range from 5M up to very large numbers. Available list includes MTNs, Bonds and Treasuries. If you are sincere, we will be happy to send details.
Regards,
Sam.
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A BG which is issued with bond like features and is clean, straight payment type and transferrable without restriction more than once, can be seen as additional collateral and allow the bank to lend to a higher factor or percentage than in the real estate alone. The bank will consider this only when within the repurchase agreement terms there is enough time for the project to hit a profit or refinance line and the bank can lower the risk afactors applied to the loan.
You can also use the real estate for the issueance of CMO's and combine them with the BG in a portfolio either securing the debt placement of a special purpose vehicle or collateralize a credit enhancement for the notes. The later may be more prudent given the recent trouble in the sub-prime lending arena in the US.
Good luck
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UBS Switzerland allows Repo Instruments to supply additional collateral in 2 situations, longterm trade dlc's, real estate based projects, when the general liquidity of the transaction is under the time term of the Repo Instruments or there is a track record of replacement. DB FFM does the same, Barclys in London has done that and Fortis and ING as well. I have seen similar things from Generale Bank and Banque Agricole and Rabo Bank and Monte Paschi di Siena and BBVA. The generell question is on the allowance of mixed portfolios and repo's in the structure and the percentage, it mostly depends on the deal and the liquidity in the structure. Honestly I would not use the repo for it but you can, the hazzle is to find a banker understanding the underlying issues and not getting caught in red tape, it also means good representation and relatively high cost factors. It is almost impossible if you are a newcomer because they do not trust this in new relations. however if you use it for a credit enhancement in a debt placement there are players who push it through because its fee income and not interest on a credit and that changes the scenario I have used it when the client didn't want to come forward and wanted to diffuse the actual origination of a placement and that alone was enough to justify the higher cost, did one with Mees & Pierson and had a backing of three different collaterral types but an umbrella from ING. It can be done, it takes money, knowledge and patience and last not least relation.
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Anyone offering LEASE in 2008 is making fraudulent claims. 2008 the rules are even tighter than in the past, there are legal and safe methods to raise finance, but "lease" is not one. And I can assure you, anyone offering "lease" in 2008 will be asking you to part with funds for some so-called reservation fees etc - you will never see those funds again. Unfortunately the scammers take advantage of people's desperation to raise funds and many people just end up throwing their money way.
Ever hear of Margotti - AltoFin, ClearFin etc etc -- they will demand upfront payments and all are "joined at the hip".
Ha and their so-called pre-advise is sent through some obscure bank in Kenya and their wording on a so-called pre-advise makes the "lease" Instrument worthless for any purposes other than wallpaper.
My advise to anyone seeking "lease" --- you are wasting your time. And even if you did manage to get a "lease" Instrument, raising funds against a "lease" instrument = FRAUD (and that assumes you can even manage to find a Banker willing to accept your "borrowed" Instrument).
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