Equity First Holdings has been existence since the year 2002. The company was founded by Al Christy Jr., and he still acts as the president till today. Currently, the Managing Director of this company is a guy by the name Jeff Smith. On the other hand, Ms. Julie LaPoint takes the position of the Operation Manager while the head trader of this firm is Joe McCarthy. The firm has maintained its corporate offices in Indianapolis Indiana although it has offices in other parts of the United States such as Boston and New York. The firm continues to offer securities based lending services at a time when banks have made it difficult to acquire a loan.
Since the year 2002, this firm has conducted many transactions that are estimated to be worth billions of dollars. According to a report by the company, the firm has been involved in more than 650 transactions that re-estimated to be worth more than $1. 4 billion. The firm has specialized in offering high loans to its customers that are characterized by low and fixed interest rates. Other than the offices in the United States of America, Equities First Holding operates in other nine countries where it has managed to establish several subsidiaries. These subsidiaries include Equities First London, Equities First Holding Australia as well as Equity First Holding Hong Kong Limited. The equities First Holding in Singapore is also a subsidiary of this firm.
According to the CEO of this firm, the good thing about stock-based loans is that they are fixed and are not affected by market fluctuations. Another good thing about them is that they have a non-recourse feature that allows you to walk away from the loan anytime you feel it’s necessary. This takes into consideration when even the stocks have depreciated. Unlike a margin loan, a stock loan does not require you to be prequalified. With the stock loans, interest’s rates are fixed, and they are associated with lower loan-to-value –margin rates. The good thing about equities first holding is that they assure their clients that they will receive their stocks once the period is over.
Visit http://www.equitiesfirst.com for more.