They use the FACE value of CMO ($1B) to loan 50% or $500M of their OWN money not a Line a Credit for this transaction, and they can satisfy Banking requirements, since the FACE value of CMO is indeed $1B. They are the ones in charge of this "loan" so they asset manage it in Managed buy/sells, PPP, etc., and of course CMO owner is a 50/50 JV Partner in this Program.
(FYI-Starting March 1st, we will be able to accept SBA CMO's, and not just AAA.
Again, to my knowledge, we are the only ones that can do this.)
Submit CIS, Color Passport, and Screen Shot of CMO with all 3 pages. (Make sure all documents are authentic and up to date).
Contact: Mr. Tolliver
TTolliver at Assetbuilders dot net
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