Steel Service Center - a $20.0 million working capital facility. An east coast based privately owned steel service center had experienced earnings problems due to the economy and it needed to make capital improvements to become more cost efficient. The company's bank was not willing to continue its support of the company. We structured and arranged a new senior secured credit which enabled the company to make necessary capital equipment purchases and to fund its working capital requirements during the transition period. The company has since returned to profitability

Agricultural Tire Manufacturer - a $35.0 million acquisition facility. A midwestern US based manufacturer of tires for agriculture and construction equipment, had suffered from a competitive market environment and from a labor union issue. As a result, its foreign parent decided to sell the business. Our client, a US based manufacturer of wheels for agriculture and construction, was the successful bidder. The target manufacturing company was experiencing a labor strike and producing nominal revenue at the time of the sale. The company has a large plant located on the outskirts of a major city and substantial value in its production equipment. We structured and arranged a senior secured credit facility which funded the entire purchase price on a non-recourse basis. We completed this transaction in less than three weeks. Subsequent to the purchase, the labor issue was resolved and the company returned to historic revenue levels. The buyer created cost efficiencies and restored profitability.

Residential Real Estate Development - a $5.5 million town home community. A lender made a construction loan to a midwestern US home builder. The builder became illiquid during the construction and could not complete the project, leaving the lender with an unfinished product as its collateral. The market value for the collateral in this unfinished state was less that the outstanding construction loan. We assessed the situation for the lender and produced an alternative disposition plan that enabled the lender to fully recover its loan value.

Distressed Community Bank - a Midwest family owned bank was suffering under economic and regulatory pressure. The bank's capital had been impaired and it could no longer support its customer's borrowing needs. We worked with the individual portfolio companies to arrange alternate financing to enable them to continue their businesses.