PNC Business Credit is a leading provider of cash flow lending and
second lien financing.
Malcolm has extensive experience representing lenders and borrowers in secured and unsecured debt financings, including syndicated senior bank credit facilities, first and
second lien financings, asset - based (ABL) credit facilities, mezzanine and other subordinated debt financings, debtor - in - possession financings, public and Rule 144A debt offerings, and convertible debt transactions.
Not exact matches
In addition to senior debt, we offer
second lien loans as a subordinated
financing solution to increase your leverage.
Catalyst # 2: De-risking: Continual reduction in structured
finance exposures, declining claim payments on
second -
lien RMBS Catalyst # 3: Reimbursement for claims paid: Fairholme expects MBIA to recover at least half of the gross claims paid to date in a 2012 settlement or all in a 2013 trial.
* Under certain conditions explained below, FHA will insure first mortgages where (1) the existing note holder writes off the amount of indebtedness that can not be refinanced into the FHA insured mortgage; or (2) either the FHA approved lender making the new mortgage or the existing note holder may take back a
second lien that includes closing costs, arrearages or previous secondary
financing if the indebtedness exceeds FHA prescribed LTV and maximum mortgage amount limits.
Info for
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(Community
seconds are 2nd
lien mortgages that may be funded by a municipality, state, county, state or local housing
finance agency, nonprofit organization, or an employer.
A Typical 504 project includes: 1) a loan extended by a commercial bank with a first
lien on the asset
financed; 2) a
second lien loan secured from a CDC with a 100 percent SBA - guaranteed debenture for up to 40 percent of the total cost; and 3) an equity investment of at least 10 percent from the borrower.
In the corporate
finance arena, Patrick has significant experience representing borrowers, acquirers, issuers and lenders in a variety of syndicated, club and bilateral
financing arrangements, including first and
second lien structured facilities, investment grade
financings, leveraged acquisition
financings, mezzanine
financings, and multicurrency and cross-border collateral facilities.
Valerie has extensive experience representing major corporations, financial institutions, hedge funds and private equity sponsors in the acquisition
financings, secured and unsecured bank
financings, mezzanine
financings,
second -
lien financings, asset - based loans, restructurings and DIP and exit facilities.
Our Debt
Finance team has extensive expertise with all types of debt
financings, such as senior secured first and
second lien loans, unitranche and mezzanine loans.
We represent financial institutions and their corporate clients in acquisition
finance across a variety of industry sectors, including senior, mezzanine, first - and
second -
lien, bridge, leveraged buy - out, and private equity
financings; high - yield debt issuances; and securitizations and sale - leaseback transactions.
The Chasm Group, LLC and Chasm Institute, LLC (San Bruno, CA) 1997 — 2008 Business Operations Manager • Managed all daily operational tasks for leading multi-million dollar high - tech market strategy consultancy, while providing executive administration to C - level executives and venture capital partners • Developed and managed the firm's annual budget, proposing and implementing expense cuts, producing monthly reports and financial statements, and coordinating with CPA firm for accurate and timely filings • Oversaw all client relationship management efforts while cultivating new business efforts from concept to implementation, providing high - quality service in sales efforts while utilizing new lead tracking system • Negotiated and managed all contracts, stock grants, and
financing arrangements, working closely with outside counsel to draft legal documents and resolve LLC - and proprietary - related issues • Led three office space build - outs and two office relocations, managing all aspects of each process under aggressive timeline and budget expectations • Reduced firm telecom expenses by 22 % by streamlining IT objectives, including migration to VOIP phone system, software / hardware purchases, domain renewals, and outsourced technical support • Directed all phases of staff recruitment while creating and implementing all HR policies and programs, including comprehensive employee benefits plans • Supervised multiple administrative staff members, conducted performance appraisals and wage / salary surveys in comparison to incentive program guidelines, and maintained HR files in accordance with legal mandates • Produced all out - going client invoices in an accurate and timely fashion to increase, cash flow and reduce aging receivables, providing consistent attention to overhead costs and vendor arrangements • Administered all company insurance policies, including E&O, general liability, bonds, partner life and disability, conducting annual benefits reviews and employee / company insurance audits • Obtained necessary certificates for consulting contracts while processing federal, state, and local business reporting requirements to maintain licenses and incorporation status • Directed all marketing efforts and oversaw logistical aspects of national educational workshop series, utilizing sponsorship arrangements to offset production costs • Transformed «brochure» website into a dynamic tool to better illustrate company opportunities through relevant case studies, as well as maintaining all other promotional media, including press kits and video Association of California School Administrators (Burlingame, CA) 1993 — 1997 Issues and Planning Committee Coordinator • Executed all phases of event planning and implementation for a membership - driven organization including 23 state committees, 5 task forces, 6 strategic planning conferences, and a conference of 1,500 attendees • Focused on facility evaluations, bid requests, site visits, contract negotiations, and all pre - and post-conference planning processes • Produced statistical and financial reports, including budget projections and cost monitoring for developmental training efforts • Oversaw all participant - level responsibilities, including inquiries, eligibility, registration, correspondence, and billing statements • Managed all legal professional standards calls for Northern California regions, including the processing of attorney authorizations, the preparation of legal assistance letters, and
liens on cause of action • Served as
second point of contact for computer inquiries and troubleshooting efforts as well as provided back - up executive administrative support for Executive Director, Committee Chairs, and the State Superintendent of Public Instruction • Held responsibility for software installation and hardware configuration while performing weekly AS / 400 backup and report generation
The ease at which lenders have offered to
finance all or most of the purchase price,
second mortgages that place a
lien against the homeowner's equity, a depreciating real estate market, and long term
financing with minimal principle reduction have all contributed to this phenomena.
A title insurance company commenter stated that additional subordinate
financing other than just the
second lien should also be disclosed under proposed § 1026.38 (k)(2)(vi).