Contract-Based Financing
General financing and loans for athletes based on current or future contract earnings
Sure Sports provides financing and contract-based loans to professional athletes. We base our offerings on current or future earnings, using signed player contracts from the NFL, MLB, NBA, WNBA, NHL, MLS, golf, and auto racing.
Benefits of a Contract Loan / Line of Credit
Contract-based loans for athletes have versatile uses, such as funding passion projects, starting businesses, making large purchases, paying for training, and consolidating debt.
Confidentiality is at the forefront of everything we do
Sure Sports maintains strict confidentiality in all communications. We prioritize protecting the privacy of our borrowers and take all necessary measures to uphold it throughout the process.
Contract-Based Financing
Case Study
Sure Sports received a request from an NBA player to finance construction of a 90,000 sq. ft. training facility in the player’s hometown (a true Passion Project).
Due to having zero commercial real estate experience, the player’s bank would not entertain the project. This left him scrambling to find financing.
The player was anxious to get the project off the ground. He wanted to begin work on the land in the off-season. This was despite the fact that he was a pending free agent.
Sure Sports approved a short-term $3M loan to purchase the desired land, while the player was still a free agent, by lending against his Future Market Value.
Once the player signed his new contract, Sure Sports approved a contract-based loan to serve as a construction loan of $8.9M at 3.38% (100% unsecured).
After completion of construction, Sure Sports provided the player with a commercial mortgage at 75% LTV.
The borrower was able to quickly secure bank rates on unsecured loans, even though the player was not under contract with an NBA team when the initial request was submitted.
The contract-based loan was paid in full, and the commercial mortgage is being paid as agreed.
The project was a resounding success for all parties involved.
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