(1888PressRelease)
March 15, 2009 - Philadelphia, PA -- A Philadelphia-based financial firm today announced Premier HedgeLoanŽ,the first nonrecourse, no-margin-call stock-secured loan program in the country where shares remain securely in the client's own brokerage account, prepayment is anytime without penalty, and standard funding is within 72 hours.
Ten-year-old HedgeLender LLC, the oldest continuous provider of private placement, non-hedge-fund consumer stock loans in the country, has long offered a range of feature-rich loan programs exclusive to its private U.S. and overseas clients. The new program, many years in the making, has been built with direct investor input to fill a void in the current financial environment where security is an absolute priority.
"Our Premium HedgeLoan was designed with the current U.S. financial climate in mind", said HedgeLender president and founder Daniel W. Stafford today. "It's a perfect complement to a securities owner's existing financial options, since shares are never sold and they receive regular account statements from their brokerage just as they always do. Now they can avail of up to 85% of their portfolio value in cash quickly."
Policymakers have asked the private sector to help get cash moving again in an otherwise moribund economy. "With Premium HedgeLoan, we like to think we're doing our part", Stafford noted.
Stock owners will now enjoy the security of a true nonrecourse loan where their shares remain in their own name and account, with a simple lien on the account until it is paid off. Interest rates start at 4%, and there are no prepayment penalties. The loans are non-callable at any time, so there are never any margin calls if prices drop. And if it becomes necessary to default on the interest-only quarterly payments, the entire loan is considered 'repaid' simply by forfeiting the collateral shares, no matter how far the stocks may have dropped in value. "We've tried to create a loan that gives maximum liquidity but also maximum security to our clients", said Stafford.
HedgeLender Vice President Fred Wahler stated recently that "This is our most secure loan product ever. In fact, we think it might be seen by some as a virtual 'safe harbor' between the two classic investor choices of doing nothing or dumping the shares on the market at what may be fire-sale prices." There are no up-front fees.
Investors can restructure their debt, fund expenses, pay off tax debt, or take advantage of today's unprecedented investment opportunities "all without the need to sell a single share or risk a margin call" said Wahler. The company expects Premier HedgeLoan to be especially attractive to real estate investors who have faced obstacles in locating suitable financing even as real estate bargains abound.
For more information, please http://www.hedgelender.com/premiumloan.htm
Contact:
HedgeLender LLC
1.877.345.0008 ext 1 or ext 5
support ( @ ) hedgelender dot com
www.hedgelender.
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