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11-21-2016, 03:01 PM #1
- Join Date
- Nov 2014
- Location
- Deer Park , NY
- Posts
- 17
Blocked funds as collateral ?
ANYONE HAVE A HOME FOR THIS ONE ?
BLOCKED FUNDS AS COLLATERAL ?
Merchant: I have a Bank Blocked funds letter for $5,000,000.00, against my Funds in a European $185.000,000,000.00 Bank. Would like to borrow $2,000,000.00 for 1 year. The whole blocked funds amount will be paid in case of default. Will pay Hard money interest rate.
Me: I just need you to send me the last 12 months business bank statements every page
Merchant: My money is in bank offshore can only use blocked funds as collateral.
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