Loan Type: Non-recourse loan.
Currency: USD, EUR.
Minimum Loan Amount: US$5 million or 5.0€ million, no maximum.
Loan Purpose: Loan funds can be used for any legal purpose.
Loan Term: 12 months, with an option to extend for another 12 months.
LTV: 65-85% of the collateral value.
Interest Rate: 8.0% - 12.0% per annum, collected at loan closing.
Lender Points: 7% - 8%, collected at loan closing. No additional fee for extension into the second term.
Bank Instruments Monetization Group specializes in monetizing financial instruments, leveraging a range of financial instruments as collateral to secure non-recourse loans globally. The funds from these loans can be used for any lawful purpose.
Instrument Types include, but are not limited to, SBLC, LC, BG, CD, MTN, Bonds, Notes, IBOEs, Trusts, Bank Accounts, Sovereign Guarantees, Bank Cheques, Bank Drafts, Receivables, Cryptocurrency including Bitcoin; issued by almost any major bank and in almost any country. We also lend on Gold, Silver, Diamonds, and more.
BIM Group offers borrowers unlimited access to financing with a simplified application process, which takes from 20 days.