He serves as special counsel to banks, insurance companies, finance companies and leasing companies in their various transactional roles, including as lender, agent bank, lessor, owner participant and credit enhancer, in a variety of transactions, such as: domestic and cross-border leveraged, single investor and synthetic leases
involving aircraft, rolling stock, health care facilities, manufacturing and cogeneration equipment and real estate; syndicated bank credit facilities, including construction and bridge financings; project and facility financings; secured and unsecured bank lending and private placements; residual value support transactions; and workouts and restructurings.
Since 2000, he and his team have closed transactions across North America valued in excess of $4 billion involving synthetic leases
, bond leases, single-tenant investment sales (sale/leasebacks and sales subject to a lease) and numerous other structured equity and debt products on behalf of numerous corporate clients, including Procter & Gamble, Thomson Corporation, Mazda, and Discovery Communications.
often used an SPE to hold title to a specific asset and lease it back to the company, thereby avoiding the liability while still being allowed to deduct the interest and depreciation from the company tax bill.
The lease transaction we provided will enable the conversion of two synthetic leases
and has provided AMERCO with additional capital following its successful restructuring.
Not surprisingly, synthetic leases
and how they are accounted for under tax and GAAP are front and center in this debate.
It's all legal, and Acxiom discloses synthetic leases
in filings with the U.
Although synthetic leases
are still in use, there has been a shift back to basic sale\leaseback agreements in the high-tech world.
2] Synthetic leases
are being used by a wide assortment of businesses as a vehicle that provides exceptional flexibility to corporations that must sort through the wide array of alternative structures to control real estate.
State and local issues continue to command attention, and in Philadelphia, TEI is planning not only a State update session by impresario Paul Frankel, but also programs on dealing with DOR discovery requests and synthetic leases
provide benefits similar to ownership, such as tax depreciation and an opportunity to repurchase the residences at the end of the lease term for a pre-negotiated fixed price.
The reality is "structured" operating leases, also know as synthetic leases
, represented only 1 percent of leasing business in 2004.
Phase 3 also offers expertise in the areas of development, joint ventures, creative financing, sale/leaseback transactions and synthetic leases