We Monetize Hard Assets
When a client wants to monetize a hard asset, for instance gem stones, the client needs to provide us with:
- What is this asset? Example: Gold, Silver, Painting etc.?
- Proof your asset is real – this is often done by video taping the asset and video tape today’s newspaper.
- Provide proof you/client are the actual owner of the asset.
- Provide proof what is the value of the asset from a reputable facility/issuer - An appraisal and valuation from an approved appraiser allowed by our funder.
- Provide asset history (how/when/from whom/from where it has moved to you receiving the asset)
- Proof of Life Photo x 2
- Picture of you holding the updated KYC, updated SKR, Passport and a newspaper with the date circled and clearly legible
- Picture of the updated KYC, SKR and passport on top of the newspaper with the date circled and clearly legible
- The KYC and newspaper must be dated the same.
- All signatures and initials must be wet and in blue ink. NO ELECTRONIC, OR COPY AND PASTE, SIGNATURES ALLOWED: MUST BE FRESHLY SIGNED AND INITIALED TO BE ACCEPTED.
- Understanding what the client wants to do with the money (example: invest it in real estate projects)
- Updated Asset based KYC (this is radically different from the standard PPP cash format KYC) which MUST include Proof of Ownership (e.g., Bill of Sale, Sales and Purchase Agreement, Transfer of Ownership etc.)
Our fees are 1.5% - 10% depending on the asset we are moneitizng plus broker fees. Most monetizable assets take 60-360 banking days to monetize.
Our closing procedures as well as how to get the estimated LTV of your instrument can be found in the following videos.
Ready to sign up? Access your forms now.
LineofCredit.Ai will then guide you through the entire process.