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Underpromise
18 Posts |
 Posted - 05/15/2008 : 12:35:17 PM
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I’m looking for someone or group of someone’s that can do a standby letter of credit to complete a commercial deal that I’m working on. Morgan Stanley in the holding company and the money is sitting there waiting. A performance bond is already in place to cover the forgivable loan. I just need someone to put up a standby letter of credit for 370 million. Who ever the investor or investors are they will get a 10% return within 60 days and LOC will release in 366 days. Everything is VERY legal and the investor with LOC has no risk. I can give more information about the deal after a confidentiality form is signed.
Does anyone know those people?
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swmsn
4205 Posts |
Posted - 05/16/2008 : 07:46:44 AM
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Email me.
You need a show card or "proof of funds " it sounds like.
Your borrower will be responsible to show the money sitting with Morgan Stanley, project itself, and fees assoc with setting up the SBLC. How long does the money need to sit in the account? |
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Underpromise
18 Posts |
Posted - 05/16/2008 : 09:10:31 AM
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Shawn, you have mail.
For everybody else,
I may not have made this clear enough in my first post. There is a private investor, that will remain anonymous, that is giving a forgivable loan. The SBLOC is to be used to legitimize the loan. It will never be hit or used because of the performance bond will step in if the project fails. |
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