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09-03-2015, 02:32 PM #1Member
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850k paid back in 30 days through an assignment of proceeds
DEFINITION OF 'ASSIGNMENT OF PROCEEDS'
A document transferring all or part of the proceeds from a letter of credit to a third party beneficiary. To receive an assignment of proceeds, the beneficiary of a letter of credit is required to submit, in writing, a request to the bank to assign the funds to a different person or company.
My client is looking to borrow 850k @ 5% interest paid back in 25 days. Direct Lenders only.....
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09-03-2015, 03:53 PM #2Senior Member
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Is your client from Nigeria? Sure, let me risk $850K to possibly make back $42,500 in a month...
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09-03-2015, 03:54 PM #3Senior Member
Reputation points: 5034
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LOL. He is from the UN Lost benefits fund.
Originally Posted by MCNetwork
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09-03-2015, 04:49 PM #4Member
Reputation points: 10
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- Oct 2014
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Clients located in the US. I do not have time to listen to you vent. If you're not interested do not participate.
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