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.