Banking & lending solutions for both sides of the balance sheet
We understand the importance of managing both sides of your balance sheet and your need for liquidity without disrupting your future investment goals. Through Raymond James and Raymond James Bank, we can offer a comprehensive menu of lending and cash management solutions and capabilities to address both your short-term and long-term needs.
The full array of lending and cash solutions include a home mortgage, a securities-based line of credit (SBLC), commercial real estate loans, cash management solutions and more. We can collaborate with Raymond James Bank on your behalf to help determine the right solution for your unique situation.
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We offer the versatile financing you are looking for when planning to refinance or purchase a new home, second home or investment property. With competitive mortgage rates and programs available in all 50 states, we can serve all your borrowing needs and be there every step of the way, from application to closing.
Our comprehensive residential lending includes jumbo and conventional loans, including fixed-rate and adjustable-rate mortgages, interest-only options2, pledged securities mortgages3 and construction lending.
Qualifying clients may also receive access to our Private Wealth Mortgage channel, staffed with a team of knowledgeable from specialists in complex, ultra-high-net-worth underwriting.
Commercial lending
We also offer commercial loans of up to $30 million with amortization of up to 30 years to finance a wide range of projects, including apartment/multifamily, retail, hospitality/lodging, office buildings, light industrial/warehouse/distribution and triple-net leased assets.
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We provide choices that enable you to borrow against securities in a few different ways: securities-based line of credit (SBLC) and structured lending offered through Raymond James Bank, and a Margin account offered through Raymond James & Associates.
Securities-based line of credit (SBLC)
Use this program to borrow against one or more eligible Raymond James brokerage accounts for your personal or business needs. Borrowing needs can include renovating a home, paying for tuition, purchasing luxury items, launching or expanding a business, short-term bridge financing and other similar needs. You’ll enjoy more flexibility with collateral, though only margin eligible positions are considered for collateral (no hedge funds or private equity).
Features and benefits:
- Ability to pledge multiple accounts, which makes this program cost effective and provides flexibility in structure and borrowing power
- Streamlined application process that enables you to sign your application and agreement upfront with no closing documents
- Third-party borrowing option allows you to pledge personal assets for a business or for others, such as a family member looking to start a business or buy a home
- Interest rates based on the market value of pledged assets
Check writing, ACH or wire transfers allow you convenient access to your funds
- Proceeds can be used for most legal purposes except for the purchase of securities
- Easy accessibility to view loan information through Client Access
Pledged accounts must have a minimum $100,000 total market value and cannot be used to purchase securities. Pricing is based on the market value of pledged assets (not the loan approval amount), and the turnaround time is up to five days from application to funding.
Margin accounts
A Margin account, collateralized by your Raymond James account, may provide you with a fast and convenient way to access liquidity to meet short-term borrowing needs and investment opportunities, including the purchase of securities.
Structured lending
As a complement to our standard SBLC options, Raymond James Bank offers a platform for uniquely qualified clients to use collateral such as control/restricted securities, hedge funds, exchange funds, American Depositary receipts (ADRs), non-investment grade bonds and over advances on typical SBLC collateral to borrow at least $5 million or more. Loans are designed to suit a variety of purposes, including commercial real estate, corporate (C&I), aircraft, art/collectibles, and small business (offered through third parties)
1. Raymond James Financial Services, Inc. and your Raymond James financial advisor do not solicit or offer residential mortgage products and are unable to accept any residential mortgage loan applications or to offer or negotiate terms of any such loan. You will be referred to a qualified Raymond James Bank employee for your residential mortgage lending needs.
The proceeds from a mortgage cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate or Raymond James.
Property insurance is required. Flood insurance is required if property is in a designated flood zone of 'A' or 'V.'
2. The benefit of certain mortgage options may vary depending on market conditions, your financial situation and other circumstances. When the principal and interest payment period commences, monthly payments will be higher. The principal balance will not be reduced during the period that interest-only payments are made. Interest payments are calculated based on the outstanding principal balance. A client will pay more interest over the life of the loan if they choose to make interest only payments exclusively than they would under a traditional loan with the same interest rate featuring principal and interest payments. When your interest-only period ends, your monthly mortgage payment will be recalculated to include full principal repayment over the remaining years left on the loan. Your payment may rise significantly based on the shorter remaining term and if you have an upward rate adjustment on an adjustable rate mortgage. During the interest-only period, without making principal payments towards your outstanding loan balance, home price appreciation is the only way your equity will grow. The equity in your home is the difference between its market value and the amount owed on loans secured by the property. There is also a risk that, by not paying down the balance of your loan, you may be in a situation where you owe more on your property than you could sell it for if your home value declines.
3. The Pledged Securities Mortgage is not suitable for everyone. The proceeds from a Pledged Securities Mortgage cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities of Raymond James as pledged securities towards a Pledged Securities Mortgage. A loan client may be at risk of losing money in their collateral account due to market volatility. This may require the deposit of additional equity into the collateral account, which could result in further losses. Though Raymond James Bank will typically contact the client or their financial advisor prior to liquidating pledged assets, Raymond James Bank reserves the right to sell pledged assets of its choosing without contacting the client, if needed to maintain equity in the collateral account. If a loan client defaults (stops making monthly payments) on their mortgage, they could lose both their house and the securities they have pledged.
SBLC, STRUCTURED LENDING AND MARGIN DISCLOSURES:
4. A line of credit backed by securities, such as a securities-based line of credit or a structured line of credit, or Margin account may not be suitable for all clients and investors. Borrowing on securities backed lending products or Margin accounts and using securities as collateral may involve a high degree of risk including unintended tax consequences and the possible need to sell your holdings, which may lead to a significant impact on long-term investment goals.
An investor can lose more funds than he or she deposited in the account. Market conditions can magnify any potential for loss. If the market turns against the client, he or she may be required to quickly deposit additional securities and/or cash in the account(s) or pay down the loan to avoid liquidation. Clients and investors may not be entitled to choose which securities or other assets in his or her account are liquidated or sold to meet a call. The firm can increase its maintenance requirements at any time and is not required to provide advance written notice. Clients and investors may not be entitled to an extension of time on calls. The securities in the Pledged Account(s) may be sold to meet the collateral calls and the securities in a Margin account can be sold to meet Margin calls; the firm can sell the client's securities without contacting them. Increased interest rates could also affect LIBOR rates that apply to your line of credit causing the cost of the credit line to increase significantly.
The interest rates charged on a line of credit are determined by (i) the market value of pledged assets and the net value of the client's non-pledged Capital Access account or (ii) the line of credit amount. The interest rates charged on Margin accounts are determined by the amount borrowed. Please visit sec.gov/investor/pubs/margin.htm for additional information.
The proceeds from a securities-based line of credit or a structured line of credit cannot be (a) used to purchase or carry securities; (b) deposited into a Raymond James investment or trust account; (c) used to purchase any product issued or brokered through an affiliate of Raymond James, including insurance; or (d) otherwise used for the benefit of, or transferred to, an affiliate of Raymond James. Raymond James Bank does not accept RJF stock or any securities issued by affiliates of Raymond James Financial as pledged securities towards a line of credit. Lines of credit are provided by Raymond James Bank. Securities-based line of credit and structured line of credit provided by Raymond James Bank, member FDIC, Raymond James & Associates, Inc., and Raymond James Financial Services, Inc., are affiliated with Raymond James Bank, member FDIC, a federally chartered national bank. Raymond James Financial Services, Inc. is affiliated with Raymond James & Associates, Inc.
