We have extensive experience in arranging debtor in posession (DIP) financing for companies operating while in bankruptcy.
Call us toll-free at 1-800-595-1474
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DEBTOR IN POSSESSION (DIP) FINANCING

Ocean Pacific Capital has been in the commercial real estate finance business since 1977. We have extensive experience in arranging the best debtor in posession (DIP) financing for companies operating while in bankruptcy.

DIP financing is unique from other financing methods in that it usually has priority over existing debt, equity and other claims. DIP financing is considered attractive because it is done only under order of the Bankruptcy Court, which is empowered by the Bankruptcy Code. Debtor-in-Possession financing can also provide corporate bankruptcy financing to engage in a prepackaged business bankruptcy where the asset based lender providing DIP financing supplies the funds to work out a settlement with creditors up front, in order to walk into corporate bankruptcy court with this prepacked settlement.

Asset based lending sources provide Debtor-In-Possession financing following the filing of either a voluntary or involuntary corporate bankruptcy proceeding utilizes the same fundamental asset valuation approach to provide the loan as it would utilize for a company not in business bankruptcy.

The availability of DIP financing may depend on the perceived viability of the company during the proceeding and on its ability to successfully complete a Plan of Reorganization (POR). The Plan of Reorganization must specify how the debtor intends to pay the creditors and Debtor-in-Possession financing is a means toward that end.

Potential Applications:

- Bankruptcy Financing: Voluntary or Involuntary Bankruptcy

- Plan of Reorganization

- Restructuring

- Turnaround Financing

DIP loans are often collateral-driven and the inability to monitor cash closely can create exposure quickly. Asset-based lending sources have the best capability to monitor that collateral. This monitoring capability gives turnaround consultants real-time collateral and financial information.

The asset-based lending community is also the best at valuing assets. It is well versed in the ins and outs of the bankruptcy process and it offers the financially troubled company a friendly environment for restructuring. Simply put, when a company goes into a DIP, asset-based lending sources have the credentials necessary to get the deal done. The best way to improve the chances of a successful exit from bankruptcy is to have an asset-based lender in place at the earliest sign of financial stress.

It is a good business practice to establish a relationship with an asset- based lender well before a company reaches a point where its cash flow and capital structure have become unpredictable. If or when a company then faces distress, the existing asset-based lender will be the best ally.

If you need the best DIP financing, call our Commercial Loan Department at 1-800-595-1474 today for a free consultation. We pride ourselves in personalized customer care so a friendly and experienced loan officer specializing in DIP financing will be at your side throughout every step of the process.


Whatever your financing needs,
we will tailor a loan that's right for you.

Commercial Construction Financing
 
 


Daily Oil & Gas and Wall Street Journal News
6/19/18

Crude Slips on US-China Trade Spat, Possible OPEC Output Boost
Posted on Monday June 18, 2018

Crude dropped as an escalating trade war between the world's two largest economies imperiled energy demand.

Iran Rules Out OPEC Deal As Russia, Saudi Push For Oil Output Hike
Posted on Monday June 18, 2018

Iran says OPEC is unlikely to reach a deal on oil output this week.

Source: Anadarko Staff Under Lock-Down In Mozambique After Attacks
Posted on Monday June 18, 2018

Anadarko has placed staff working on a LNG plant in northern Mozambique under 'lock-down.'

Iran Says South Pars Not Affected By US Actions, Upgrading Oilfields
Posted on Monday June 18, 2018

The possible withdrawal of Total from South Pars gas field has not slowed down the project, a senior Iranian official says.

Norway's Oil Production Falls To Six-Year Low In May
Posted on Monday June 18, 2018

Norway's monthly oil output fell to a six-year low in May.

Sources: Spain's Repsol Hires Tanker For Iran's Pars Oil As Sanctions Loom
Posted on Monday June 18, 2018

Repsol has hired Malta-flagged suezmax Mabrouk to ship the first export parcel of Pars oil.

Louisiana Firm Wants to Make Safety More Fashionable
Posted on Monday June 18, 2018

Ill-fitting - and unsafe - flame-resistant clothing: another proverbial glass ceiling this woman-owned business seeks to shatter. IMAGE SOURCE: HauteWork

California Looks To Boost Natgas Stored In SoCalGas Aliso Canyon
Posted on Monday June 18, 2018

California utility regulators recommended increasing the amount of natural gas that SoCalGas can inject into its Aliso Canyon storage facility.

NOC Head: Libya Port Attack Cut Output By 400,000 Bpd
Posted on Monday June 18, 2018

Libya has lost some 400,000 barrels per day of oil production in recent days because of militant attacks.

Russia's Oil Export, Refinery Plans Point To Increase In Output
Posted on Monday June 18, 2018

Ahead of a meeting with Saudi Arabia and other producers, Russia already plans to increase oil exports.

Wall Street Journal
Commercial News

6/19/18

WSJ.com: Commercial Real Estate

Sportswear-Maker Puma to Open New York Flagship
Germany?s Puma has signed a lease deal to creating a marquee location on Fifth Avenue that will be the first of its kind for the company in North America.

Kushner Cos., Brookfield Near a Deal for Stake in 666 Fifth Ave.
The real estate arm of Brookfield Asset Management is in advanced talks with Kushner Cos. to buy roughly a 50% stake in 666 Fifth Ave. and invest hundreds of millions of dollars in the Manhattan office tower, which has been at the center of a controversy over possible conflicts of interest involving Jared Kushner, President Donald Trump?s son-in-law and adviser.

Sign of the Times: New Office Space Created in Retail's Tumult
Normandy Real Estate Partners? $133 million deal for the upper portion of ABC Carpet?s flagship store is an example of office space edging into territory that once was retail?s domain.

Want to Buy a Luxury Hotel in the U.S.? Try China's Insurance Regulator
When Chinese regulators seized control of Anbang Insurance, they took ownership of more than a dozen luxury U.S. hotels. Now, as the government looks to sell, it faces a problem: The buildings likely are worth less than what Anbang paid only a couple of years ago.

New York's Commercial Property Slump Shows Signs of Slowing
After a two-year plunge, brokers are optimistic that more deals will take place in 2018.

NYC Council Stops Midtown Tower Construction
Work on an 800-foot-tall tower in East Midtown that has been under construction for six months was halted last week following a vote by the New York City Council to limit skyscrapers in the area,.

Malls Never Wanted Gyms. Now They Court Them
Mall owners long treated gyms, massage parlors, and billiards halls as unwanted tenants that attracted lower-rent visitors who were unlikely to shop. Now they?re giving health clubs some of their best real estate.

BRE #:00619059
Charles Elfsten, President
Charles A. Elfsten
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