Cash is King in Real Estate Purchases
A couple contacted their financial advisor to discuss
making a significant withdrawal from their non-qualified
account. They were trying to purchase a larger home in
a competitive housing market, but their mortgage contingency
was keeping them from winning bids. They were frustrated.
“We need the cash,” they explained.
Fortunately, their financial advisor had a solution—a TriState
Capital securities-based line of credit (SBLOC). This gave them
quick access to cash without making a substantial withdrawal
that would disrupt their long-term investment goals.
