Investments
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Investments
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June 2022
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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