[geetee12345]

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.

[dpFund]

Sounds Nigerian...

[Eagle Funding]

You sure its not a Saudi Arabian prince who's getting his throne back in a year?

[Anthony@torro]

Did you read what you wrote before you posted it? C'mon.

[geetee12345]

lol exactly

[geetee12345]

You sure its not a Saudi Arabian prince who's getting his throne back in a year?

first thing that went thru my mind but he did fill out an application , so i'd figure i'd ask

[geetee12345]

Did you read what you wrote before you posted it? C'mon.

Easy playa

[biggr]

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.

[Happy Horse Shit]

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.

I have several million dollars of German Govt bearer bonds from the 1st world war that I will let you broker for me

[LoanFunder]

I know of a bridge for sale in Brooklyn...

[Karen37a]

edit

[Karen37a]

Happy you promised that to me for wallpaper in my new office...

I spit my coffee on the Nigerian thing