Financial Guarantee Bonds Help Hard Money Lenders Close More Deals

FOR IMMEDIATE RELEASE
Cherry Hill, New Jersey, United States of America (Free-Press-Release.com) November 12, 2010 -- Hard Money Lenders (HMLs) are lending companies that provide funding for deals that do not conform to traditional bank standards. HMLs are often involved in real estate transactions but they can also fund solar and biodiesel, oil and gas and other opportunities. A great deal of flexibility may be exercised in these transactions. But even with flexibility, not all applicants are able to qualify for their loans in today’s weak environment.

A technique that can provide a solution is now available. Financial Guarantee Bonds are a form of Surety Bond that is used to help the applicant qualify with the lender. The bond applicant is the borrower; the beneficiary of the bond is the lender.
These bonds tend to be sizable and are complicated for the suety underwriters to analyze. They are beyond the skills and capacity of most markets. However, IBCS is an important exception.

IBCS is pleased to make these bonds available for use by lenders. The bonds can be issued in amounts up to $50 million per transaction, and each bond includes an Irrevocable Trust Receipt issued by a major national financial institution.

Lenders should contact IBCS to discuss support for worthy transactions they wish to close, including those with a 2010 deadline.

Edmund Scarborough     financial guarantee bonds     hard money lenders     IBCS group     steve Golia     surety bonds