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PLATINUM1 FINANCIAL

is a provider of financial business services. Our highly professional team provides solutions and ideas to business owners.  Platinum1 Financial is always there to provide any help and valuable advice our customers may need. We treat our customers as partners, so they decide how extensive our services should be.

 
The purpose of Platinum1 Financial is to provide our customers alternative working capital while ensuring good values and commitment that build long-term partner relationships. We have several options by which businesses can obtain alternative working capital for expansion, inventory, or other business needs.  Our goal is to provide our customers with superior service that builds a long term relationship. 

 

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NON PURPOSE LOANS

As opposed to a loan on real estate a Non Purpose Loan is collateralized with securities (stocks, bonds or treasuries) with interest rate typically under 6%. Normally an investment bank can loan up to 75% – 90% of the collateral value of the securities, provided the loan proceeds are not used for buying more securities.


The funds can be used by a developer to finish construction; real estate investors to purchase home or commercial properties, the opportunities are endless. There is no credit check or income verification and this type of loan allows investors access to funds without having to sell their investments.

 

You maintain ownership of the securities, and if the stock goes up you continue to get all the benefits of the portfolio holdings, such as dividends, interest and appreciation. If the value of the pledged securities declines, however, the lender may require that additional securities be put up as collateral or that part of the loan be repaid to make up for the decrease in collateral.

 

This type of borrowing is considered an alternative to traditional margin borrowing because it allows multiple investment accounts to be used to secure a loan – Minimum Portfolio Value – $500K