Many lenders are able to fully satisfy a client’s domestic needs on their own, but this may change when a client enters the international market. A partnership between lenders with differing specialties can provide the greatest value for a client with international needs and ensure a successful long-term relationship for all involved.
At the sixth annual Education and Networking Conference sponsored by the New York Institute of Credit, the Philadelphia chapters of the Turnaround Management Association and Commercial Finance Association and the ABF Journal, four leaders in the commercial lending space offered their perspectives on today’s lending environment and provided observations from their respective areas of specialization.
In a Q&A with ABF Journal publisher Jerry Parrotto, Joe Woolf, executive vice president, media and entertainment finance, OneWest Bank, talks about the key risks with film production loans, which usually involve a detailed cash-flow budget, timeline to produce the film and a collateral pool known as “pre-sales” to support the financing. Lenders will typically mitigate risk via the engagement of a third party that monitors production and cash-flows to ensure the project is completed on time and on budget.
Restructuring expert Robert Katz analyzes the turnaround of Lower Bucks Hospital, which found itself in a cash-flow crisis due to reductions in federal and state reimbursements and increases in healthcare and other costs. Katz notes the special challenges in restructuring a “mission driven” organization that impacts livelihoods as well as lives
Good News/Bad News:
ABLs Say Senior Management “Like the Way They Look”
ABLs Voice Concerns Over Pricing, Structuring & Loyalty
With so much liquidity in the marketplace and the need to deploy it, banks and other lenders are entering the asset-based lending marketplace. ABF Journal speaks with five ABL leaders to get their insights on today’s competitive lending environment and their respective strategies to stimulate deal flow and to differentiate their institutions on such a crowded playing field.
ABF Journal illustrator Jerry Gonzalez shares his depiction of CIT’s CEO John Thain’s declaration during a CNBC interview that he is “absolutely not” seeking a buyer for the company.
ABF Journal illustrator Jerry Gonzalez shows that hedge funds and private equity firms have amassed $74 billion to invest in distressed debt in anticipation that Europe’s sovereign-debt crisis will push banks into the biggest fire sale in history. The problem is, few are selling.
When MainStream Management’s Jim Burritt and his colleagues entered GLC Limited’s warehouse, they were stunned to find a rodent-infested mish-mash of food items, chipped pottery and clothing, instead of the appliances they expected. After investigating GLC Limited’s business practices and inventory, MainStream ultimately revealed a Ponzi scheme that had bilked investors out of millions of dollars.