Results 1 to 12 of 12
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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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11-21-2016, 03:10 PM #2
- Join Date
- Aug 2015
- Location
- Boulder, CO
- Posts
- 755
Sounds Nigerian...
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11-21-2016, 03:19 PM #3
You sure its not a Saudi Arabian prince who's getting his throne back in a year?
Eagle Funding Group
Phone: (646) 793-6809
Email: info@eaglefundinggroup.net
Web: www.eaglefundinggroup.net
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11-21-2016, 03:25 PM #4
- Join Date
- Aug 2014
- Posts
- 620
Did you read what you wrote before you posted it? C'mon.
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11-21-2016, 03:28 PM #5
- Join Date
- Nov 2014
- Location
- Deer Park , NY
- Posts
- 17
lol exactly
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11-21-2016, 03:29 PM #6
- Join Date
- Nov 2014
- Location
- Deer Park , NY
- Posts
- 17
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11-21-2016, 03:30 PM #7
- Join Date
- Nov 2014
- Location
- Deer Park , NY
- Posts
- 17
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11-21-2016, 03:31 PM #8
- Join Date
- Apr 2016
- Location
- Florida
- Posts
- 133
Blocked funds
How does the merchant propose to pay back a Hard Money Deal?????
Cash flows generated by a foreign project that cannot be immediately repatriated to the parent firm because of capital flow restrictions imposed by the host government.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
Blocked Funds
Money generated by a company's foreign operations that cannot be moved from one country to another because of one or more regulations in the country in which the money was generated. For example, a government may place a limit on the maximum amount that may be moved out of a country over a given period of time. Having an excessive amount in blocked funds may harm a company's cash flow. See also: Political risk.
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11-21-2016, 04:47 PM #9
- Join Date
- Nov 2016
- Posts
- 65
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11-21-2016, 05:16 PM #10
- Join Date
- Oct 2016
- Posts
- 25
I know of a bridge for sale in Brooklyn...
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11-29-2016, 03:15 PM #11Karen37aGuest
edit
Last edited by Karen37a; 11-29-2016 at 03:17 PM.
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11-29-2016, 03:17 PM #12Karen37aGuest
Happy you promised that to me for wallpaper in my new office...
I spit my coffee on the Nigerian thing
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