Client Results

Proposed and approved several loans aggregating over $65,000,000 for this wholesale metal distribution firm.

Funds were used for operating capital, refinancing existing term debt, financing the purchase of a commercial building, and a letter of credit issuance.  This owner started this company over three decades ago.   In recent years, this highly skilled owner, and superior management team, had successfully generated increased revenues, profitability, and cash flows exceeding industry averages annually over the last decade.  

Approved and funded $10,000,000 for several recurring credit facilities.

This company started over 45 years ago, and serves the commercial home building and remodeling market in several Midwestern and Eastern states.  The conservative management team had been together over 15 years, and manages the P&L strictly based on a defined business plan, which has a clear focus on successfully driving strong cash flows on an annual basis.  

Approved and funded $3,000,000 in commercial credit facilities for operating capital, and to refinance an existing term loan. 

The company was established over 60 years ago, and subsequently merged with a competitor.  Nationally, the company wholesales electrical wires, cable equipment, and insulation products.  Company’s revenue improvement over the last several years was due to higher pricing, a more selective customer base, implemented major cost reductions, and improved general economic conditions.

Proposed and approved a $9,000,000 commercial real estate loan to purchase an international branded hotel.

A highly respected hotel investor purchased an under-preforming hotel at below market cost.  The Investor had a three-decade history of hotel ownership and management operations at above market profitability.   His success was due to the ability to increase ADR and Occupancy, which resulted in highly improved Net Operating Income and above average cash flow generation at 98% of the hotels operated. 

Proposed and approved several credit facilities aggregating over $20,000,000 to be used for various corporate purposes.

A third generation company, founded several decades ago, manufactures and markets paper products nationwide.  Senior family members had managed the company consecutively over the last 25 years with consistent organizational excellence. The company had a long history of maintaining very low leverage, an exceptional capital equity position, increasing revenues that resulted in consistent profitability and stable cash flows, resulting in years of excellent debt service coverage

Approved and funded an $11,000,000 commercial real estate loan for construction and term loan takeout to build an international branded hotel.

A group of investors financed the construction and development of a new international branded hotel.  A leading regional design and construction firm completed construction of the hotel project.   A separate professional hotel management company, with extensive experience managing numerous hotels nationally, provided daily operational expertise.  The hotel management and investor group had a long history of working together in equity participations, and operating hotels in various markets at above market profitability.   Past success was accomplished by increased ADR and Occupancy, which resulted in achieving over average NOI, and producing strong cash flow generation at each hotel.  

Approved and funded several credit facilities aggregating over $6,500,000 for a packaging manufacturer to meet revolving and capital financing needs for planned growth subsequent to an acquisition. 

Close supervision and financing support continued to be provided during the next ensuing and very successful years.   From inception, the Owner exhibited significant managerial guidance and insight, which resulted in an increase in business assets, operating capital, revenue, profits, and cash flow while reducing the firm’s original leveraged position. Due entirely to the owner’s success, the owner was extended regional commercial recognition. 

Approved and funded $6,500,000 commercial real estate loan to purchase a strip retail shopping center.

A real estate investor purchased a strip shopping center, which had several major nationwide retail chain stores as anchor tenants.  The investor had a long history over several decades of successful shopping centers investments.   This acquisition was supported by an appraisal, and income & market analysis.  This commercial real estate purchase was secured by a first mortgage and assignment of rents and leases, the combination of which generates above market cash flow and debt service coverage.  

Proposed and approved a $9,100,000 commercial real estate loan.

This commercial property is leased to an international manufacturing company that has numerous domestic and international manufacturing locations.

The lessee was a billion plus annual revenue firm with a strong liquidity position, low leverage, superior cash flow, and excellent debt service coverage.  The commercial real estate loan was well below market-appraised value.  Additionally, an affiliated company and owner’s personal cash flow added significant additional liquidity to service the lease payments.     

Approved and funded a $7,500,000 commercial real estate construction loan and term loan takeout for a new branded international hotel.

The hotel investors entered into a franchise purchase agreement to build and manage a new international branded hotel based on their prior successful history of operating similar hotels.  Their existing hotel business models are highly efficient operations and had produced above market cash flows and debt service coverage over their tenure.

Approved and advanced $12,000,000 in aggregate commitments to a heavy equipment manufacturer.

Was introduced as a commercial lender that would provide bank financing to accommodate the firm’s operating capital and term loan financing needs for growth.  This firm was founded over three decades ago and is exceptionally innovative.

The owner’s ability to generate annually increased revenues was confirmed by the ability to constantly develop innovative products successfully, which were accepted in existing and new markets.  The firm’s continued profitability and cash flow strengthened the ability to finance and explore new products and markets.

Offered a $15,000,000 unsecured revolving line of credit was offered to this company, which recently reported record annual Revenues.  The borrower was a subsidiary of a public company, and has thousands of domestic and international locations.

This Pre-IPO financing would serve as a back-up liquidity facility since the company anticipated no usage.  The borrower had an exceptionally strong liquidity position as the results of generating strong cash flows, which were substantially larger than the RLOC.  The borrower had an exceptionally strong capital equity position thus providing the bank with superior collateral coverage, and offering literally no relative credit risk.  

$5,000,000 in various credit facilities was proposed and advanced to this firm.

Current senior management has operated this manufacturing firm over the last 20 years.  After management evolved to the second generation, operations were expanded domestically and internationally. Senior management substantially improved the firm’s diversified asset base, annual revenues, profitability, and cash flow while successfully managing the firm’s equally important, operating capital.  

Proposed for approval over several year’s aggregate credit facilities exceeding $55,000,000.

Had a long history with this specialized equipment manufacturer that markets its products to the locomotive, mining, marine, wind, oil, and defense industries.  Company had been in business over 65 years, had several operating plants and few national competitors.  Through merger, the excellent management team had expanded operations, and doubled manufacturing capacity, which allowed the company to expand the firm’s extensive contractual backlog base resulting in substantially increased revenues, profitability, above market cash flow generation, and superior debt service coverage.  

Approved and funded several revolving line of credits and term loan facilities, which aggregated over $50,000,000 for this highly specialized market and investment company.

This company was organized over 40 years ago, and subsequently reorganized years later changing its business model to incorporate a different market focus.  The owner had demonstrated superior industry skills, and developed an excellent management team.   The company was focused on purchasing market assets, and pooling them into investible tranches.  This organization was highly specialized, and had accumulated a significant piece of the national market.   The principal business components of highly liquid assets, superior cash flow, and excellent debt service coverage had developed into substantial and consistent annual growth rates.

Approved and funded revolving lines of credit up to  $15,000,000 for this specialized commercial investment company.

This company was founded several years prior to bank approved financing.   Company was in a highly specialized investment business.   The owner had contributed significantly to the firm’s capital equity, and exhibited extraordinary entrepreneurial spirit, exceptional management expertise, and highly technical legal skills. The firm generated accelerated annual revenues each year subsequent to its origination, but needed additional financing for growth.  

Prior to an extensive review of the business operations, it was recommended that several structural changes in the management team, accounting controls, and internal operations be made.    These changes assisted in the development of the firm’s highly successful operations, asset growth, and revenue improvements, which increased substantially along with similar increases in exceptional profitability and cash flows. 

Proposed and approved credit facilities aggregating $30,000,000.

Company had business operations in the upper Midwest and had been in operation over 50 years.  This manufacturer had an entrenched diversified customer base, which had resulted in a strong sales growth record, generated substantial cash flow, and maintained excellent debt service coverage YOY.   The company enjoyed many years of excellent management and experienced minor senior management turnover, which yielded significant annual growth based on strategic long-term planning and that resulted in an excellent balance sheet with very low leverage  

Proposed and approved credit facilities over several years aggregating  $10,000,000.

This company was organized over 40 years ago and manufactures critically important and highly specialized products for municipalities nationally.  Company was liquid with and had very low leverage.  Over the last decade, growth has been steady with annual increased revenues, net profits, and cash flow.  The successful owner/management team had been intact over the last 18 years.  This company had few national competitors, as the industry poses a high barrier to entry.

Proposed and approved a $25,000,000 Revolving Line of Credit.

The firm was founded over 35 years ago, and manufactures essential automotive electrical components.  Through highly successful innovative management and product developmental planning, the owner had been instrumental in producing revenues, profitability, and cash flow at an accelerated pace over the last several years due to product introduction to new markets and additional distribution sources.  The firm’s capital equity base continued to grow, while leverage remained well below industry averages.

Approved and proposed refinancing $7,200,000 for a commercial real estate loan to a charter school.

Refinancing of this charter school real estate property was based on the school’s operating income.  The school had been in operations for several years and   demonstrated an annual ability to maintain a successful cash flow record and ability to service annual debt service payments.  This commercial real estate loan is secured by a first real estate mortgage.

Approved and funded a $4,800,000 Revolving Line of Credit to support an Adjustable Rate Bond Issue, which is subject to a mandatory sinking fund.  Proceeds were used for improvements in the village water supply and distribution system.

Secured by the Village Unlimited General Obligation.

Reviewed proposed financing $8,500,000 to refinance church commercial real estate property.

The church had demonstrated a growing committed congregation and repayment was based on improved annual operating income.  The pastor had led this church for several years, and had a strong board to assist in financial matters.   This commercial real estate loan was secured by a first mortgage.   The church produced annual financial records that demonstrated successful cash flow generation and debt service ability.

Support a Revenue Bond Issue to purchase capital equipment, make capital improvements and developments, and repair various municipal projects.

Secured by a pledge of county’s sales taxes and first mortgage on county owned property valued at 50% of the appraised value.

To provide credit enhancement in favor of Municipal Bond Insurance Association to fund the acquisition of fixed assets and make property improvements for a private collegiate organization.

Secured by marketable securities and certificates of deposits.

Supports an Adjustable Rate Bond Issue subject to a mandatory sinking fund.  Proceeds used for improvements to the village water supply and distribution system.

Secured by the Village Unlimited General Obligation.

To support Principal and Interest on delinquent tax notes issued by various counties.

An Irrevocable Letter of Credit was issued for credit and liquidity support, which enables the remarketing agent to pay the purchase price of any notes that are “put” after the required notice.  

The Letter of Credit was secured by collection of delinquent taxes and other applicable delinquent tax revenue sources.  

The purpose was to provide a liquidity facility to support the issuance of Variable Rate Demand Notes.  Proceeds were used to secure the City’s delinquent tax note issue.

This Irrevocable Letter of Credit for enhancement and liquidity, enables the remarketing agent to pay the purchase price of any notes that are “put” after a required notice.   The LOC is secured by collection of delinquent taxes.

To provide Liquidity and Credit support for an adjustable rate bond issue by the school district. 

Bond proceeds are used to provide for building improvements and renovations and equipment purchases.

Secured by the city’s Unlimited Tax General Obligation.

Provide credit and liquidity support for the issuance of variable rate demand notes.

Proceeds will be used to finance the delinquent tax payment and note reserve fund for all taxing units within the county. 

The LOC is secured by collection of delinquent real property taxes and the general obligation of the county.

Provide Liquidity and Credit support for a tax-exempt Demand Adjustable Rate bond issue by the City.

Secured by Limited Tax General Obligation by the City.

Bond proceeds used to construct a parking structure in the downtown civic center.

Secured by the full faith and credit Limited Tax General Obligation of the City.

Provide Liquidity and Credit support for a tax-exempt, Demand Adjustable Rate Bond issue by the State Authority.

Secured by full faith and credit bonds of municipalities or structured revenue bond issues.

Provide liquidity support for a tax-exempt, seven-day variable rate demand bond issue by the City.

Secured by Unlimited tax general obligation and pledge of its full faith and credit.

Bond proceeds used to construct a parking structure.

Secured by Guaranty Insurance Company (FGIC), City to pledge its Excise Taxes, and various city building facilities.