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Liability Management Program
Liability Management Consultation
Commercial Financing Options
Commercial Financing Consultation
International Financing Options
International Financing Consultation
WHY SHOULD COMPANIES FINANCE THEIR RECEIVABLES? Besides providing additional working capital, Platinum Funding Group's program has many other benefits to the company:· Take early advantage of volume discounts and early payment discounts. · Purchase additional inventory. · Reduce bad debt and improve credit rating. · Outsource its accounts receivable management, credit checking and collections. · Increase advertising and marketing efforts. · Finance seasonal needs or larger orders. · Offer extended credit terms to its clients. · Keep fixed assets unencumbered. · Retain equity. · Meet increasing sales demands without having to worry about restrictions of conventional lines of credit. Q:Where are LUXMAC's Rate Sheets? A: We do not publish Rate Sheets as most of our Clients require customized financial products with varying collateral. As a direct result of the dislocation of the current financial market and as a Secondary Market Mortgage/Corporate Finance Platform it is necessary to discuss all deals to price and structure them individually. Q: What are your LTV's and Where are the Guidelines? A: Again we do not publish these. As a Secondary Market mortgage platform we understand the marketplace and the current market demand. At LUXMAC Covino & Company, Inc. we do not believe our Client's fit in a box. Each transaction is looked at individually. We look beyond a Client's financial profile, assets, income and credit, we profile the type of business, successful history in past profession and at how accomplished a Client we are engaging. In determining financial products we base our decisions on a Client's Asset Profile with a focus on liquidity. LUXMAC will determine if a Client would benefit and qualify for a particular financial product without the necessary assets in light of upcoming liquidity event.
Q: Credit Scores? A: LUXMAC is not a fico score driven company. We look for strong credit. As a demonstration, a Client who has a 660 but personally signs for all corporate debt (for their expanding company) that is continually paid on time: makes them less likely to default on their obligation: compared to an individual with a 720 that has a job in a declining industry. This is our logical and sound line of reasoning. That's what you can expect when referring your valued Clients to LUXMAC, a logical, sound and experienced approach to large transactions.
Q: Turn Times? A: 3 Days for Analysis Fax Transaction File to: 203.594.7445
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Programs Subject to Property and Credit Approval. Program Terms and Conditions Subject to Change Without Notice.
LUXMAC® represents buyers and sellers of super jumbo loans for luxury estate properties worldwide, where permitted by law.
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