Contract-Based Financing
General financing and loans for athletes based on current or future contract earnings
Sure Sports provides financing and contract advances to professional athletes based on their current or future earnings, using signed player contracts from NFL, MLB, NBA, WNBA, NHL, MLS, golf, and auto racing.
Benefits of a Contract Loan / Line of Credit
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 ensure it is upheld throughout the process.
Contract-Based Financing
Case Study
Sure Sports received a request from an NBA player to finance construction of a 90,000 sqft. 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, leaving him scrambling for funding
The player was anxious to get the project off the ground and was looking to the land in the off-season (even though 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 advance 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 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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