Vertical Lend Partners With Emerging Money Corporation To Offer Stock To Cash® Loans.
New York, NY (PRWEB) March 1, 2004-–Vertical Lend, the trusted mortgage partner of choice for financial professionals, announced today a new and powerful vehicle for protecting clients’ stock portfolio from market risk, while generating instant liquidity for planning purposes. The program, called Stock to Cash® (“S2C”), is available for immediate use through a strategic partnership Vertical Lend has developed with Emerging Money Corporation.
Emerging Money Corporation assists financial professionals with the delivery of powerful yet turnkey solutions that are needed to address planning dilemmas faced by clients every day.
The S2C program uses a unique derivative-based, non-callable and non-recourse stock loan that offers investors 90 percent of the current value of their stock portfolio in cash, without triggering upfront capital gains taxes and without obligating the investor to ever repay the loan. Moreover, all interest accrues so there is no ongoing cash flow commitment.
"This is not your father's loan"
“This is not your father’s loan,” says Emerging Money President & CEO Robert K. Strauss, Esq. “You pay back nothing unless you decide to recover your stock portfolio because it has performed well in the market. Otherwise, keep the 90 percent and any planning vehicle that the loan proceeds may have funded.”
Unlike collar loans, variable prepaid forwards and other hedge-related techniques, S2C loans do not limit the potential upside return, so investors can recoup their entire appreciated positions after repaying the loan.
Financial professionals are quickly adopting S2C as a funding mechanism for important planning strategies. For example, S2C loan proceeds are being gifted out of the estate and then being used to purchase life insurance. Not only will heirs receive the death benefit income and estate tax free, but if the collateral portfolio appreciates, they will also receive any positive equity that exceeds the loan balance. Even if the portfolio declines significantly, the life insurance will remain unscathed since the borrower has no obligation to pay back the loan and the lender has no recourse against the policy.
This program provides financial professionals, which includes independent accountants, financial planners, tax preparers, insurance agents and broker dealers nationwide, with an effective way to diversify their practices and acquire additional capital.
“The Stock to Cash loan program allows Vertical Lend associates to take full advantage of stock market opportunities, fully exploit other investment, insurance and planning opportunities, and eliminate a large portion of their downside portfolio risk, all at the same time,” states David Peskin, CEO of Vertical Lend.
He continues, “Over the past year we have added reverse mortgages and home equity lines of credit to our portfolio, in addition to residential real estate products, and we will continue to add new products and services to our program to meet consumers’ demand for full-service financial support.”
Customers can call (800) 396-3622 to receive detailed product information and register for a training session.
About Vertical Lend
Vertical Lend is the trusted partner of choice for leading financial professionals seeking to better serve their clients, and diversify their practices by offering a comprehensive range of residential mortgage products. Established in 1999, Vertical Lend and its retail division, Mortgage Warehouse, have closed over $2.0 billion in loans. With over 1,800 associates throughout the U.S., Vertical Lend's unique platform allows accountants, financial planners, tax preparers and insurance agents to originate mortgages under its business model.
Vertical Lend Inc. is a licensed Mortgage Banker with the New York State Banking Department. CA- Licensed Finance Lender by the CA Dept. of Corporations under the Finance Lenders Law. IL- Illinois Residential Mortgage Licensee. NJ- Licensed Mortgage Lender by the New Jersey Department of Banking and Insurance. Licensed Mortgage Broker with the Office of the Commissioner of Banks Commonwealth of Massachusetts (License No. MB1884). Licensed Banker/Lender CT, FL, GA, MD, MI, NC Banking Departments. Registered Mortgage Broker OH, OK (as d/b/a Mortgage Warehouse). VA - Licensed by the Virginia State Corporation Commission. National Headquarters: 3 Huntington Quadrangle, Third Floor, Melville, NY 11747.
.
Misspellings
Getting the small business loan that you need can sometimes result in unintentional misspellings of various search terms, including small businss laon, smallbusinesslaon, smallbusinessloan, smallbusinessloans, smallbusinesslaons, smal busyness, smallbusiness, small bueiness loans and small busines laon. Get more information on small business loans today.
|
