RFP for Certificate of Deposit Secured Lending or Loans
We are seeking to work with small to midsize banking and/or credit union institutions providing secured loans based upon Certificates of Deposit or other deposit accounts. We are seeking the following criteria:
1.Certificate of Deposit or other deposit account secured loans.
2.Individual or LLC may be borrower.
3.100% loan to value.
4.Multiple collateral guarantors may be assigned
5.Bank to provide both borrower and collateral guarantors reporting to all 3 credit bureaus regarding loan repayment history.
6. No prepayment penalty for early payment of loan.
7.Payments are interest only until loan matures.