I contacted fii capital partners, llc in mid february about there funding program. I was told there program was the simplest way to raise money for your business there is.
For every $1 m you wanted to raise they claim to be establishing you a credit line of $ 5 m with there broker dealer sterne agee out of new york to buy investment grade securities. For you to then use as collateral for a line of credit against this $5 m portfolio of assets. With this line of credit you take your $1 m, you give them $3 m and you also sign a $2.5 m promissory note that's suppose to be paid for by the fixed income revenue from the investment grade fixed income securities of the $5 m portfolio they buy for you.
Among the many things they conveniently forget to tell you is that you will need to get the $2.5 m promissory note bonded or insured by some providor that they can't and won't provide you with a recommendation for. Your on your own, good luck.
After all the back and forth with the various insurance & bonding companies, that by the way won't touch transactions like this.
I've come to the conclusion that i've been taken for my $10k deposit and have resolved to the fact that i won't be seeing that again.
My purpose for this is to not see anyone else get jammed up like i did and to shut this guy down.
HIS WEBSITE IS http://www.fiicp.com,
Fii capital partners, llc
347 fifth avenue
suite 1402-159
new york, new york 10016
646.205.8044 tel
646.205.8147 fax
He also operates under napper investments
Http://www.napperinvestments.com/
NAPPER INVESTMENTS, LLC
191 Peachtree Street NE
Suite 3300
Atlanta, GA 30303
TEL 404 736 3679
FAX 404 420 2810
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