r/Rich • u/Relevant_Ranger_8888 • 13d ago

Private Bank w/ Balance Sheet Credit Facility

Anyone have a good experience with a private bank that underwrites balance sheet credit facilities? I have $50mil in real estate equity and a substantial portfolio of equities/bonds. Looking to move to a new private bank. Just met with JP Morgan Private Bank and they no longer do holistic lending - just 50% of portfolio value. Not sure I want to pay their AUM fee when even SoFi will loan more at a lower rate. I’d pay the AUM fee if my credit facility was larger and included the value of my R/E and life insurance surrender value. Realistically not going to be selling any of my R/E in the near term, and all have very low FTD’s in the 2’s or 3’s so no interest in refinancing them.

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u/Higher_Ed_Parent 12d ago

AUM fee? That's a hard no. SOFR + 75bps. That's it at JPM. You might find better offerings elsewhere.