Product
|
FREEDOM
|
FLAGSHIP
|
FLEX
|
Stock Markets
|
NYSE, AMEX, NASDEQ
small cap, NASDAQ NMS,
OTC BB
|
NYSE, AMEX, NASDEQ
small cap, NASDAQ NMS,
OTC BB, and OTC pink
sheets
|
NYSE, AMEX, NASDEQ
small cap, NASDAQ NMS,
OTC BB, OTC pink
sheets, and most foreign
stocks
|
Price / Volume
|
$1.00 per share min.
Volume of $50,000 per day
over prior 4 weeks
|
$5.00 per share minimum.
$200,000 / day average
volume
|
$50,000 / day average
volume
|
Interest Rates
|
Prime + 1 variable rate
|
5.50% to 13% fixed for the
term of the loan
|
3.99% to 9.99% fixed for
the term of the loan
|
Interest Payments
|
Paid monthly
|
Accrue to loan maturity or
paid quarterly at the
borrowers choice
|
Paid quarterly
|
Loan to Value (LTV)
|
50% to 80% LTV
depending on the quality of
the underlying stock
|
75% to 90% LTV
depending on the quality
of the underlying stock
|
35% to 75% LTV
depending on the quality
of the underlying stock
|
Loan Term
|
2 to 5 years
|
2 to 10 years
|
2 to 5 years
|
Margin Calls
|
None
|
None
|
Callable if portfolio value
drops 20% below loan
value
|
Pre-payment options
|
Anytime
|
None
|
None
|
| |
|
|
|
Notes
|
Quarterly review of
portfolio balance with the
option to withdraw cash if
the stock price increases
|
Loans are available with
limited capital appreciation
accruing to the borrower.
Interest rates are typically
3% lower for a capped loan
|
Loan may be renewed at
maturity at no additional
cost
|
| |
No margin calls at any time
|
No margin calls at any time
|
|
| |
Loan may be renewed at
maturity at no additional
cost
|
Loan may be renewed at
maturity at no additional
cost
|
|
