We have extensive experience in arranging debtor in posession (DIP) financing for companies operating while in bankruptcy.
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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
 
 

Wall Street Journal
Commercial News

9/27/16

WSJ.com: Commercial Real Estate

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Blackstone Group has cut a deal to pay $1.5 billion for a portfolio of logistics centers, in the latest sign that this e-commerce-driven business is one of the hottest areas in the commercial property industry.

Expiration of Visa Program Nears
Facing an impending expiration, the controversial EB-5 program designed to attract wealthy immigrants has federal lawmakers at an impasse, leaving its long-term future uncertain.

Freddie Mac Starts Pilot Program With Looser Standards
Mortgage-finance giant Freddie Mac and two nonbank lenders are loosening income and documentation requirements for mortgage applicants in a new pilot program.

In Queens, Residential Development Is Driving Commercial
Demand for high-quality offices and retail spaces in Long Island City is being fueled in part by the 11,000 condominiums and rental apartments that have been built there over the past decade.

Tech Overload: Palo Alto Battles Silicon Valley's Spread
Palo Alto?s moratorium on new office construction in its downtown is only the latest dust-up in Silicon Valley, where resistance and challenges to development are sprouting rapidly.

More Developers Kick Parking Lots to the Curb
Developers in more U.S. cities are reducing the amount of parking spaces included in new projects as local authorities seek to encourage the use of mass transit and free up space for parks, housing or other uses.

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