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#1 (permalink)

04-24-2010, 09:02 AM

RodKnock

Senior Club Cobra Member

Join Date: Feb 2007

Cobra Make, Engine: KMP 539, a Ton of Aluminum

Posts: 9,592

Not Ranked

It's too early in the morning for all the high finance. Patrick, do you charge points and fees? Are we talking hard money?

I wouldn't take you up on your offer, of course. Now, if you were to offer me a loan of let's say...200% or 300%, maybe more of funds deposited

, then I might consider it.

No fees and points too, since my FICO is greater than 600.

If the gentleman wants to deposit $50,000 in the bank and borrow $50,000, because he likes liquidity, assuming he can withdraw funds over time, using a "sunset" provision on his "restricted" deposit, then more power to him.

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