To meet more of our clients’ credit needs, we’re enhancing our security-based lending partnerships at Fiduciary Trust. This program enables clients to borrow against marketable securities in their Fiduciary Trust accounts, with less paperwork than many alternatives and at competitive rates. It can reduce the need to realize taxable capital gains, and provide ongoing access to cash. Some common uses are:
- Bridge financing when purchasing real estate before another property is sold
- Funding major purchases such as cars, boats and art
- Paying off higher rate loans
This program, which is delivered through partnerships with third-party lending institutions, provides floating and fixed-rate options, and an open line of credit which can be used or paid off at any time. Please contact a Fiduciary Trust officer for more information.