ICON Commercial Lending is a trusted authority for non-recourse stock loans.
ICON has a proven track record in supplying world-class customer service to their clients.
ICON is a Full-Service Securities Lender offering 100% Non-Recourse / Non-Purpose Loans, based upon stocks & other securities to obtain loans for personal or business purposes.
ICON is located in Salt Lake City, Utah. We are supported by a national network of loan professionals and other financial, legal, and study support personnel.
Securities Lending is a long-established process. Collectively ICON has funded hundreds of effective stock-lending transactions which have been executed involving the American Stock Exchange (AMEX), National Stock Market and Little Cap Stock Market (NASDAQ), New York Stock Exchange (NYSE), Over-the-Counter Bulletin Board (OTCBB), and particular foreign exchanges.
Click here for information about ICON's Non-Purpose, Non-Recourse Securities Loans
For those with funds invested in marketable securities, there is a golden opportunity to money-in on the tremendous RE investment opportunities now obtainable. Today, there are several commercial & residential RE properties obtainable for about 30% to 50% of what they were only two years ago.
Stock loans can be utilized to buy RE or any other use - these are non-purpose / non-recourse loans.
For example, CEOs, CFOs or COOs, with big publically traded businesses, who have large blocks of Corporate can leverage those assets to take advantage of investment opportunities.
This lending program is created for a forward-thinking investor who wants to retain the future ownership of their assets as well as leverage the present value of their securities for immediate money needs.
These loans are -
Easy & Fast - NO Credit Check / NO Income Verification
NO Upfront Fees / NO Closing Costs / NO Personal Guarantee
* Loans are "Non-Purpose" - loan can be utilized for virtually anything borrower wants to accomplish (personal or business)
* Loans are "Non-Recourse" - giving the borrower the opportunity to merely "walk away" if the collateral falls below a set floor quantity
* High Loan-to-Values - up to 80% LTV (depending upon security); which is a lot higher than banks and brokerage businesses can offer
* Loans are Interest Only - principal payment at maturity; otherwise loans can be refinanced or extended
* Low Fixed Interest Rates - generally between 2% to 4%
* Loan Term - minimum of three yrs; also 5 yr / 7 yr / 10 yrs
* Fast Funded - generally within 5 to 7 enterprise days
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