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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: nspolar who wrote (20509)	10/22/2002 12:05:00 AM
From: Step1	Read Replies (2) \| Respond to of 36161

NSP, something I got in the mail last week and that surprised me a little. I have never got anything of that sort out here (Japan) and wonder what it all means in the big scheme... These financial advisors who have gotten my name and address at a conference ( I am guessing) sent me this flyer for 1.75% yen loan of a minimum loan value of 100,000usd for purchases of real estate or refinance of existing loans/mortgages. Properties must be located in Great Britain, Australia, New Zealand, Canada (BC, Ontario or Alberta only) and the USA (NY, Washington State, Seattle or California only). Mortgages are preapproved and loan currency can be switched free of charge and are arranged with large international banks, as per the flyer. It goes on to say that :" because you live in Japan and have a yen income you have the ability to take advantage of Japan`s ultra-low interest rates and begin, expand or refinance your property portfolio." interests rates in Japan have been super low for years now but why now design a product for (essentially) retail investors to go into RE now? Large international banks? JPM and Citi? Just wondering... step1