Shares Never Leave Client's Account Nor Change Title with HedgeLender's New Prepay-Anytime Premier Stock Loan and Securities Finance Program
HedgeLender LLC of Philadelphia announces Premier HedgeLoan®, the first limited-recourse securities-backed loan in the U.S. market to allow shares to remain in owner's account and name with up to 95% loan-to-value, prepayment any time without penalty, and no margin calls at any time. This program offers the security of major, well-known U.S. securities/banking account management with the usual SIPC insurance of any brokerage account for maximum asset security. Clients can now enjoy revolutionary securities finance with a simple lien-type loan where shares remain in client's name and title at all times, in their own account. The program offers the client the right to default and owe nothing more by surrendering the securities, even if value has fallen precipitously.
Philadelphia, PA (PRWEB) May 27, 2009 -- A ten-year-old Philadelphia-based financial firm today announced a pioneering, industry-first loan service, Premier HedgeLoan®, the first limited recourse, no-margin-call securities-backed 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 48 hours of signing of loan documents. HedgeLender LLC, the oldest continuous provider of private placement, non-hedge-fund consumer stock loan and securities finance programs in the country, has long offered a range of feature-rich lending programs exclusive to its private U.S. and overseas clients through its "Securities Finance Superstore" concept. Premier, the company's latest program, has been built with direct investor input to fill a void in the current financial environment where security is an absolute priority. A major New York equity fund, in tandem with a top U.S. banking/brokerage firm, has made this new HedgeLender program possible. "This top-of-the-line HedgeLoan was designed with the current U.S. financial climate in mind," said HedgeLender president and founder Daniel W. Stafford. "Today's investors want security, safety, and control. Premier provides all of this in what can be an excellent complement to a securities owner's existing financial options. Securities are never sold or touched while they collateralize a Premier loan." HedgeLender Premier borrowers receive regular account statements from their brokerage as is common with most any licensed brokerage account. Policymakers have asked the private sector to help get cash moving again in an otherwise moribund economy. "With Premier HedgeLoan, we like to think we're doing our part," Stafford said. The program accepts publicly traded stocks, municipal/state/federal bonds, Treasury bills, and mutual funds of all types. Through the licensed financial advisors at Premier's institutional securities brokerage, clients can also develop a range of financial solutions involving HedgeLoan financing one-on-one. Owners of stocks and other securities can now, for the first time, enjoy the benefits of a true limited-recourse loan where their shares remain in their own name and account with a simple lien on the account by the institution until it is paid off. Interest rates start at around 4.3%, and all Premier loans are interest-only loans. There are no prepayment penalties, allowing borrowers to pay off when they wish up to loan maturity. In addition, 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 payments, the entire loan is considered 'repaid' simply by
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forfeiting (surrendering) the collateral shares to the lender, no matter how far the stocks may have dropped in value - the essence of the limited-recourse provision. "We've tried to create a full-featured HedgeLoan that gives maximum liquidity but also maximum security and flexibility to our clients", said Stafford. "That's exactly what our borrowers were demanding, and I'm proud to say we delivered." 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 and selling outright when stock prices are universally low, as they are for many people now." Investors can restructure their debt, fund expenses, pay off taxes, or take advantage of today's unprecedented range of investment opportunities. "Many of our clients are saying, 'Why not have two asset classes working for you instead of one?'" said Wahler. "Now an investor may safely keep his/her stocks under lock and key while simultaneously 'putting them to work' elsewhere." HedgeLender has delivered securities finance and stock loan quotes since 1999 and holds an A+ rating as an Accredited Business by the Better Business Bureau. ###
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Contact Information Fred R. Wahler HedgeLender LLC http://www.hedgelender.com 877-345-0008
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