Find a local lender. Otherwise, more often than not, you'll end up getting one of these guys:
http://www.thescambaiter.com/
http://www.thescambaiter.com/
big cheap money. Where to get?
- Thread starter john30
- Start date
Easy!: http://www.pch.com/
love it!
No
Quote from john30:
Hi !
I have a little bit crazy question...
Is there a possibility to loan 1 000 000 USD for one year with interest rate <= 7% ann.? I have possibility to invest whose money to fixed income financial instrument with higher %, difference between those %% will be ok for me.
Any idea?
P.S. I don't have couple of ferrari or $1000000 home to secure this loan
Quote from john30:
still no reasonable answer
looks like nobody knows that and even never thought about that
Did you actually read my earlier post to you (repeated above for your convenience)? Frankly, it appears that you are the one who has yet to do any thinking here.
If you can go for 3 MM you can borrow from IB. They lend at LIBOR + .25% for debit balances of 3 MM or more. That would be roughly 5.25% right now. This assumes your bonds are marginable.
You're making a huge bet on the yield curve if you try to borrow short-term to pay for long-term bonds. Banks go broke doing this.
Traveler
You're making a huge bet on the yield curve if you try to borrow short-term to pay for long-term bonds. Banks go broke doing this.
Traveler
You are assuming virtually no credit risk premium? That's a rather generous assumption regarding our new friend's credit worthiness, don't you think? Further, I did not get the impression that he was looking to subject himself to interest rate risk, judging by his posts. Unless I am mistaken, I think he wants to lock in a risk-free spread. I think Electric said it best: "No."