EXAMPLES of Stock Loans
Collateral: SPR (Spider) – Exchange Traded Fund (ETF)
Loan Amount: $5,390,000
LTV: 70%
Interest Rate: 4%
Loan Term: 5 years
Use of Funds: Retire commercial building loan
Collateral: Stock Portfolio
Loan Amount: $2,745,000
LTV: 70%
Interest Rate: 3.5%
Term: 3 year
Use of Funds: Personal use
Collateral: Berkshire Hathaway Stock
Loan Amount: $8,650,000
LTV: 78%
Interest Rate: 2.85%
Term: 3 year
Use of Funds: Commercial development
Collateral: 10 Year US Treasury Notes
Loan Amount: $8,000,000
LTV: 80%
Interest Rate: 3.25%
Loan Term: 3 Years
Use of Funds: Purchase commercial property
Collateral: 10 Year US Treasury Notes
Loan Amount: $77,577,500
LTV: 77%
Interest Rate: NONE – payments offset by coupon income from collateral
Loan Term: 3 Years
Use of Funds: Commercial development project
Collateral: Company Stock – Owned by Corporate Officer
Loan Amount: $24,300,000
LTV: 65%
Interest Rate: 4%
Loan Term: 3 years
Use of Funds: Personal use
Collateral: Yahoo Stock
Loan Amount: $1,870,000
LTV: 77%
Interest Rate: 3.5%
Term: 3 year
Use of Funds: Personal use
ICON’s Commitment to Our Clients
ICON’s Loan Criteria – Qualifying Securities