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
9/22/19

Oil Prices Up for the Week
Posted on Thursday September 19, 2019

An exciting week for WTI and Brent crude oil future has come to an end.

US Drillers Lose 18 Oil, Gas Rigs
Posted on Thursday September 19, 2019

The U.S. lost a net total of 18 oil and gas rigs this week.

Bahamas Terminal Returns to Full Ops
Posted on Thursday September 19, 2019

Buckeye Partners reported that it has resumed full operations at its Buckeye Bahamas Hub.

Permian Child Wells May Cut Oil Recovery By 20 Percent
Posted on Thursday September 19, 2019

Oil producers drilling so-called parent-child wells in the Permian Basin are risking the loss of 15% to 20% of the crude that can ultimately be recovered from those wells by spacing them too close together.

More Haynesville Gas Headed to Gulf Coast
Posted on Thursday September 19, 2019

Enterprise Products Partners will expand and extend its Acadian natural gas pipeline system linking the Haynesville Shale to the LNG market in South Louisiana.

McDermott May Sell Lummus
Posted on Thursday September 19, 2019

McDermott is considering selling all or part of its Lummus Technology business.

Aramco Reveals Damage to Giant Oil Field
Posted on Thursday September 19, 2019

Saudi Aramco revealed damage caused by an aerial strike on its Khurais oil field last weekend.

Volatile Market Expected to Continue in 2H
Posted on Thursday September 19, 2019

The oil and gas market is expected to continue to be volatile in the second half of 2019, Petronas notes.

Texas Coast Reels from Flooding
Posted on Thursday September 19, 2019

The remnants of Tropical Storm Imelda lashed Houston and coastal Texas, inundating homes, paralyzing travelers, disrupting oil supplies and threatening hospitals and refineries.

Risk of Further Saudi Attacks High
Posted on Thursday September 19, 2019

The risk of further high-impact attacks against Saudi energy infrastructure is high, according to Verisk Maplecroft.

Wall Street Journal
Commercial News

9/22/19

WSJ.com: US Business

This Company Has Filed 10,000 Appeals to Trump's Tariffs
President Trump has said China is paying the cost of tariffs, but many U.S. importers see them as threats and are racing to seek exemptions. One such company has filed nearly two-thirds of all appeals.

Oil Companies, Pushed to Address Climate, Disagree on How
As global leaders prepare to debate action on climate change at the United Nations, big oil companies are aiming to show that they are part of the solution to a problem they helped cause.

Deere Turns to U.S. After Growth Stalls Overseas
Deere?s incoming chief executive will take charge as the struggling tractor maker switches course from its sluggish global expansion to a narrower focus on its home U.S. market.

Uber, Lyft Drivers Torn as California Law Could Reclassify Them
Some gig-economy workers who drive for Uber and Lyft see downsides ahead with California?s new law that might label them as employees instead of independent contractors.

The War for Talent in the Age of Netflix
In the battle to dominate the new entertainment landscape, Hollywood?s titans are borrowing from Netflix?s playbook, transforming how they do business with writers, producers and stars?and how money is made in entertainment.

Powell's Subtle Messaging to Trump on Trade Fight
Fed Chairman Jerome Powell?s press conference this week carried a subtle message for President Trump: If you?re worried about an economic slowdown, find a way to cool down the trade war.

Pace of Growth Slowed for U.S. Household Net Worth in Second Quarter
The net worth of American households grew in second quarter, but at a slower rate than the prior quarter.

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