Bridge financing funded by retirement fund (New Product)

TO       :   Eddie

Subject :  New Product

I just came across a business idea in the conversation with an investor/lender In Urdaneta.  He lends money with stiff rates and has in the process, acquired many prime properties.  He solicited our help develop and implement  business concepts.  He is 70 years old and not one of his scions is interested in what he is doing.

One such concept that came in is the bridge financing:  Here how it works.

1.  The fund is available to those who need immediate funds to answer their obligations pending:    release of bank loans (that are slow and tedious with endless requirements)  and PDC maturity.

2.  The % is 2 to 3% per week;

3.  The collateral are - bank guarantee or PDC

4.  The selection is based on iron clad character referral from business friends plus BI

5.  The fund source is the retirement income of funds of elderly Chinese who need monthly cash flows.  We can give as much as 1% to 2% per month of their investment. Let us interest those who have such need.  This could be an LOI thing a P10 to P20T for every million (compared to just measly P4t they get now) monthly income for retirees.

Can we do this, say set aside 300T for this purpose and solicit retirement fund. 

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