Leverage cash, cash alternatives, marketable securities, and fixed income holdings to create liquidity while maintaining your positions.

Potential benefits include:

• Allocation. Help keep overall portfolio risk and diversification levels intact.
• Cost. Using lower-risk assets helps lower cost of capital.
• Convenience. Flexible and timely access to funds.

Potential considerations include:

• Market Volatility. Market volatility could cause a drop in the value of securities pledged as collateral.
• Margin Call. If the value of securities pledged as collateral fall below maintenance requirements, this could result in a margin call and the forced sale of securities at a loss or the requirement to pledge additional collateral.

Holding a large and concentrated position in your firm may seem restrictive. Now you have options. We can help tailor lending solutions leveraging semi-liquid and custom illiquid assets — from privately held stock to concentrated or restricted public equity positions.

Potential benefits include:

• Unlock capital to diversify your portfolio, manage liquidity, or take advantage of opportunities to help achieve your wealth management goals.
• Use private company shares to facilitate a stock loan with favorable terms.
• Retain the potential upside of concentrated stock, restricted Rule 144 securities, or real estate investment trust (REIT) operating unit holdings through a customized loan structure.
• Assist with a tax-efficient** strategy that helps meet your needs without incurring capital gains.

Potential considerations include:

• Market Volatility. Market volatility could cause a drop or swings in the value of securities pledged as collateral. This is enhanced given the illiquidity.
• Illiquidity. Given the nature of the collateral, it can be difficult to liquidate/value the securities should the collateral need to be sold.

** Wells Fargo & Company and its affiliates do not provide legal or tax advice. Please consult your legal and/or tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.

As a commercial real estate owner, you can further diversify investments or help meet cash flow needs with a term loan or line of credit. In addition to credit, you’ll have access to our wealth planning, investment management, and trust services.

Potential benefits include:

• Manage liquidity risk. Help generate available funds for investment opportunities or for expenses.
• Flexibility. Choose from a range of pricing and loan structure options to fit your goals.
• Relationship-based. Collaborate closely with our specialists to create a customized strategy for you.
• National presence. Gain the advantage from our deep industry knowledge and experience, which spans a variety of markets, product types, and unique loan structures. We can help you with purchasing or refinancing investment properties, including multifamily, office, retail shopping center, industrial, credit tenant properties, and more.

Potential considerations include:

• Real estate risks. Investment in real estate securities include risks, such as the possible illiquidity of the underlying properties, credit risk, interest rate fluctuations, and the impact of varied economic conditions.

Help meet your estate planning goals while preserving liquidity by funding your long term insurance strategy with custom financing solutions.

Potential benefits include:

• Estate tax mitigation. Improve your financial legacy with a tax-efficient funding strategy.
• Liquidity preservation. Maintain your current lifestyle and cash flow, and fund premiums without increasing capital gains or incurring opportunity cost.
• Planned transfer of wealth. Leverage your wealth to provide future benefits to your heirs, favored causes, and institutions. When properly designed, a custom life insurance premium finance solution may help preserve your legacy by providing a tax-efficient** option not included in your estate and further facilitate the transition of your wealth.

Potential considerations include:

• Interest rate risk. Many Life Insurance Premium Financing loans have a variable rate. Interest rates can move and — while a rate might be low at present — it could increase.
• Policy performance risk. Typically, these loans are evaluated annually. If the value of the collateral has fallen below certain levels, additional collateral may need to be pledged.

** Wells Fargo & Companyand its affiliates do not provide legal or tax advice. Please consult your legal and/or tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.

If you're a private capital or hedge fund* stakeholder or a third-party investors or family office, our financing options may enable you to act on opportunities while you continue to maintain and benefit from your investments.

Potential benefits include:

• Uninterrupted cash flow. Maintain by financing a portion of your capital calls.
• Increased liquidity. Meet unexpected expenses and time-sensitive needs.
• Accessibility. Plan transitions with financing in place.
• Leverage. Using credit strategically may help you take advantage of new investment opportunities.
• Diversified risk. May help your longer term planning.
• New ventures. Pursue by borrowing against your portfolio.
• Proactive approach. Prepare for the future by addressing cash flow needs today.

Potential benefits include:
Illiquidity and valuation. The illiquidity of alternative assets and the absence of a ready secondary market affect their valuation.
Restrictive features. Alternative assets can involve more complicated investor covenants including lock-up periods and other redemption restrictions as well as options to make capital calls on investors.
Collateral. There may be limitations on private equity and hedge fund strategies eligible as collateral.

*Hedge funds are complex, speculative investment vehicles and are not suitable for all investors.

If you’re an owner of a privately held company and would like to sell all or part of your business, you might consider the sale of your shares to an employee stock ownership plan (ESOP). If so, we offer a monetization loan for investing your sales proceeds in qualified replacement property (QRP), an essential part of a tax deferral strategy.

Potential benefits include:

• A range of services for specialized needs. Transfer some or all of your business through an ESOP, including a company loan to fund the ESOP. It’s more than a transaction — we consider the sale as part of your investment and estate plan.
• Enhanced liquidity, diversified assets. Diversify risk away from a concentration in private company stock to a self-selected and actively managed portfolio.
• Potentially deferred capital gains taxes. Roll the original cost basis of the stock you’re selling into QRP (e.g., corporate floating rate notes, corporate bonds, common stock) and defer the gain until the QRP is sold.
• Greater wealth for your heirs. Permanently defer the capital gains through proper structuring. The estate receives the QRP and the heirs receive a permanent step-up in basis under current estate tax rules.

Potential Considerations Include:

• Qualified Replacement Property (QRP). Identification and investment in appropriate QRPs can be challenging.
• Loan terms. An ESOP monetization loan may have a variable rate susceptible to fluctuations and — in certain loans — subordinated debt may also be required.

Unlock financial opportunity with your passion for collecting fine art. Our fine art secured lending allows you to leverage your art collection as part of your investment portfolio.

Potential benefits include:

• Wealth management. Elevate your art collection to be part of your complete wealth portfolio.
• Flexibility. Monetize your art collection to finance new investments or cover expenses, without liquidating assets.
• Tax efficiency.** Defer capital gains taxes and transaction costs associated with selling other assets.
• Leverage. Borrow against your collection while maintaining possession.

** Wells Fargo & Company and its affiliates do not provide legal or tax advice. Please consult your legal and/or tax advisors to determine how this information may apply to your own situation. Whether any planned tax result is realized by you depends on the specific facts of your own situation at the time your tax return is filed.

Whether you are considering purchasing a new or pre-owned aircraft or refinancing an existing one, we can help you develop a well-informed funding strategy.

Potential benefits include:

• Goal-based. We help you identify your aircraft needs and vision; then help you find the financing option that works best within your ownership plan.
• Experienced aircraft financing. You will work with an experienced aircraft finance specialist from our national network to create a customized solution.
• Flexibility. Whatever your desired aircraft, from turboprop to jet, you’ll have access to a variety of terms and competitive rates.
• Reduced complexity. With a simplified origination process, finance specialists help you through credit approval, documentation, and funding in a timely manner.

Potential considerations include:

• Interest rate risks. While there are a variety of both fixed-and variable-rate loans available, interest rates can move. While a rate might be low at present, it could increase.
• Illiquidity. The illiquidity of this type of assets and the negotiated aspect of the secondary market can affect the ability to sell quickly and get the valuation a client desires.
• Collateral. There may be restrictions on the year and type of aircraft eligible as collateral.