Cash Access Program

Whether you are looking to purchase a new property, construct a new home, or substantially improve your existing home, you may decide to use cash to fund the investment.

Whether you are looking to purchase a new property, construct a new home, or substantially improve your existing home, you may decide to use cash to fund the investment. How you choose to raise the cash requires careful thought and review of your entire financial picture, as there are pros and cons to consider for each option. For instance, liquidating securities may result in capital gains tax consequences and an untimely interruption of your long-term investment strategy. Alternatively, depleting cash reserves may have a negative impact on your short-term, or operational cashflow.

Cash Access Program (CAP)

At BNY Mellon, our goal is to deliver tailored lending solutions that meet your liquidity needs, while minimizing tax consequences, and maximizing your cashflow. With this in mind, we’ve developed the Cash Access Program (CAP) that gives you quick access to cash for your next real estate transaction plus the ability to secure mortgage financing to lock in a rate that’s matched to your long-term objectives.

When you utilize your new or existing Investment Credit Line (ICL), you gain access to liquidity in a matter of days, allowing you to move forward quickly. At the same time, your private banker will coordinate with your mortgage banker who will contact you to determine if mortgage financing should be used to pay down the ICL and lock in a rate for up to 30 years.

To learn more about this customized lending strategy, contact your BNY Mellon relationship manager or private banker.

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    Source: www.irs.gov (IRS Notice 88-74, 1988-2 CB 385 and IRS Publication 936).
  • This material is provided for illustrative/educational purposes only. This material is not intended to constitute legal, tax, investment or financial advice. Effort has been made to ensure that the material presented herein is accurate at the time of publication. However, this material is not intended to be a full and exhaustive explanation of the law in any area or of all of the tax, investment or financial options available. The information discussed herein may not be applicable to or appropriate for every investor and should be used only after consultation with professionals who have reviewed your specific situation.

    Investment Credit Line Important Information

    Minimum facility size: $500,000

    Investment Credit Line proceeds may not be used to purchase or carry securities or fund brokerage accounts and may not be appropriate for all investors. If market value depreciates, clients may be required to deposit additional funds. Failure to satisfy account maintenance requirements will result in restrictions on client’s account and/or liquidation of securities to acceptable equity levels.

    Mortgage Important Information

    Minimum mortgage size is $500,000.

    BNY Mellon mortgages may not be used to pay off a Pershing LoanAdvance or Margin loan. Credit services, which are subject to application and credit approval, are provided by BNY Mellon, N.A., a wholly owned subsidiary of The Bank ofNew York Mellon Corporation. Member FDIC.

    Mortgage services, provided by BNY Mellon, N.A. are subject to credit approval. NMLS #764464.

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