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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
 
 

Commercial News for 9/21/14

WSJ.com: Commercial Real Estate

Chinese Property Investors Bet Big Overseas
A growing number of Chinese developers are launching big projects in Western cities, such as the planned $1.63 billion transformation of an abandoned dock in London into a business park.

Home-Sales Data Belie 'Lukewarm' Market
An unusually strong reading for U.S. new-home sales in August might not be enough to kick the market into higher gear.

New York Builder Takes Vertical Leap
Related Cos. is planning a $6.5 billion project in the city of Santa Clara. Taken with two planned skyscraper projects in San Francisco and a mixed-use project in Los Angeles, the ventures show how Related is betting California is ready for denser urban development.

Plots & Ploys: News Digest
An Asian real-estate investor is acquiring the site of one of New York's most infamous diplomatic incidents. Hong Kong-listed Keck Seng Investments agreed to buy the Sofitel hotel for $272 million.

A Luxe Revival for Temple Court
The long-hidden, glass-and-iron atrium of a landmark 1880s building at 5 Beekman St. in lower Manhattan is being restored, as the office building and an adjacent lot are transformed into a hotel and condominium tower.

Gherkin Building Gets a Big Apple Push
Savills Studley and Deloitte have a team in New York marketing 30 St. Mary Axe., a London office tower known as the Gherkin for its pickle-like shape and expected to fetch around $1.1 billion.

What's the Deal: News Digest
A roundup of commercial property transactions from across the tri-state region.

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