First Capital Funding Corporation, Florida

[marigold]

I think it would be better to start a new thread for FCFC, it would be easier to comment. First Capital Funding Corporation located in Florida, principal-Werner Robles, looks like he was involved in real estate investing. Currently, FCFC offers 10 to 1 leverage program, investor puts initial fee (60K minimum) , which enables company to lease SBLC, monetize it and provide investor with non-recourse financing. Website: Welcome to First Capital Funding Corporation
Another member was asking about Dresdner Financial and their 44 Magnum program, I looked at their website and these 2 programs, their description and basic idea look very similar. I may be wrong and these 2 companies are not connected.
I am not affiliated with FCFC or Dresdner Financial I just wanted to know member's opinions. Straight Shooter already posted his in Blacklist of Brokers thread. I personally think investor has no control over his/her funds (initial fee) and it is very hard to put it all together. I don't know, maybe FCFC is capable of that. If anyone has experience with this company, your replies would be greatly appreciated. Thank you.

[straight Shooter]

Marigold,

I agree this is worthy of its own thread. Sometime awhile back, I seem to remember finding the same similarity between the Dresdner and FCF programs as well, now that you mention it.

Engaging with either firm for an SBLC scenario would seem to add another layer--i.e., even more difficulty--to an already challenging undertaking.

The big question here is "where is my money going and why?" If it's to either of these firms directly upfront, then there's trouble, because the client has no idea what their funds are really doing. Are they really paying for a lease on your instrument...or their Bentley?

No one should be accepting upfront payments for this. It should always be put in escrow, and they should get paid at the close. All they'd likely be doing is hiring a provider anyway--which you can do yourself, assuming you find a reputable firm working directly with private investors.

[marigold]

Looks like FCFC stopped this program until January 2011, information from their website. I looked once again at the description of the program and noticed that initial investment is covered with (quote) "Letter of Guarantee & Performance Assurance Contract , which is duly wrapped by a triple A provider like Lloyds of London , Prudential, etc." (end of quote).
My understanding is that the initial fee, which investor puts into this program, is insured somehow. Am I wrong? Does it really offers any protection, at least against plain theft of money? However, I did not see the documents for myself.

[ttsteveo]

Dear All,

I am almost entry this program, I am from Asia Pacific, please advise does these kind of program happen often in USA or is there any other relative program existing in USA, is it new to you all, refer to the posted, nobody knows how does the money generate after entry the program, since they are reveal this is a Leverage program, but it is look more likely a investment to us.

Please keep share your opinion and experience.

Thank you

[Theo196703]

I know some one who has entered this program with Dresdner Financial. I understand that FCFC is a master affliate of Dresdner. I understand their payout dates have now long since lapsed and they are still getting excuses about delays they have had to deal with. Was think about doing this program myself, but would like to hear from some one who was paid !

[sulevss]

Hope is last thing that will die.There is no leverage.Not 1:10.Not others.Ask your banker.

[marigold]

FCFC suspended their program until January 5th or 6th, but if as member Theo196703 stated, "their payout dates have now long since lapsed", and excuses started, in my opinion , it is best to stay away from it. And, I agree with sulevss, the leverage they propose is too high. Even if they really try to lease and monetize an SBLC, not just take your money for personal use, it is still very difficult to achieve results.

[sulevss]

Leverage works both ways.It means You can win and and you can lose.You can win 1:2,You can lose 2:1.Contrary in PPP Your money is 100% safe.Even if You do not win,You will never lose.That is the difference.All you have spent is a month of You time.And a trader have to pay You a penalty for one month blocking assets.According to the contract.
That is why I do not belive in any leverage,monetizing BG,discounted? BG and all this BS.
PPP nowadays is very simply and with minimum paperwork.So far here I have met only one person,who has the idea what PPP really is.So sad.
But maybe that is the way it is ment to be.
So stay away from scam.Read #How to be safe in PPP# and be happy.Best.

[marigold]

Thank you for your posts, sulevss, I agree with you. The problem is, most investors do not have enough liquid cash for elite type of investment, like PPP. But if someone has enough money to enter into PPP, it is the best option, after due diligence, with right connections, etc. All the best to you.

[sulevss]

Thank you for your posts, sulevss, I agree with you. The problem is, most investors do not have enough liquid cash for elite type of investment, like PPP. But if someone has enough money to enter into PPP, it is the best option, after due diligence, with right connections, etc. All the best to you.

Good if I was in a help to You.But remember:real PPP is in Switzerland and cash from $1M.On the contrary of a couple clowns claim here.And no any fee.Not upfront,not after. Best.