PARTICIPATIONS

PRO-RATA PARTICIPATIONS

  • Bank participates up to 50% in a SPECTRUM loan on a pari passu risk basis.
  • The Bank’s desired rate is blended with SPECTRUM’s rate, reducing the overall rate to the borrower.
  • Participations are settled monthly with interest being paid at that time.
  • Bank receives information from SPECTRUM about the borrower to keep the Bank completely informed on the status of the credit.