WindCap, LLC offers attractive interest rates and multiple interest structure options.
- Libor based
- Prime based
- Five year fixed rate
- Stated rate with two percentage point annual rate cap
- Interest and fees can be capitalized (Annual year end choice).
- Five year committed lending facility.
- No prepayment penalty.
- Minimum annual loan disbursement amount of $375,000.
- Additional collateral in the form of Letter of Credit, cash or marketable securities.
- Cash or Securities can remain at current financial institution.
- Policy Cash Surrender Value accepted at 100% of value.
- Borrower has to be a bankruptcy-remote entity (typically an Irrevocable Life Insurance Trust).