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  • Archive for March, 2013

    Evolution of Workout and its implications for borrowers

    Do you own a small business, a middle market company, or a fortune 500 company?  Whatever the size of your company, there are no guarantees of success in business, especially when it comes to profitability.  The rewards for success can be enormous, but so are the consequences of failure.  Consequences of failure include investment losses, […]

    The 10 important things borrowers must understand about Workout

    For many customers, the mere hearing of the statement “we will transfer your loan to workout” can be both terrifying and traumatic.  While workout bankers can be some of the best people you have ever met and worked with, the seriousness of the environments they operate in, and the desperate nature of some of their customers’ businesses […]

    Working with Borrower to implement a forbearance which led to loan refinancing

    Lender’s Needs and concerns Lender had a $1.5 million loan to an owner operated greenhouse with another $2.0 million loan to the owner-occupied real estate holding company. The company was rich in assets but poor in cash flow. Lender had been providing the borrower with a $500 thousand seasonal working capital and was concerned about being caught if […]

    Working with a Borrower to implement a forbearance and loan sale.

    Lender’s Loan and Concern Lender was a 15% participant in a $90MM syndicated revolving credit and term loan facility which was agented by a large money center bank. As a result of declining industry fundamentals, the Borrower’s revenue took a nosedive, and cash flow was not adequate to service debt. Lender classified loan as non-accrual with […]

    Restructuring and Rehabilitating a Troubled Loan

    Lender’s Loan and Concerns The special Assets Department of a large regional bank inherited a $25 million revolving line of credit which had matured, with no availability under the facility. The borrower was in default. The collateral consisted of real estate (developed and undeveloped land), rental construction equipment, and cash flow from environmental remediation business. Lender was […]