"They were best in show," says Jeff Davis, president of SCO Financial Group, a New York boutique investment bank that specializes in life-sciences companies and agented Bioenvision's PIPE financings
It is essentially a high-yield investment in the form of an unsecured loan, which is subordinate to conventional financing
(These rules should be distinguished from the more general rule that a structure with multiple unrelated IE's may be a financing
arrangement if each of the entities qualifies as a conduit under the usual rules.(7))
The firm has served as counsel on financings
in most of the US markets that they have offices in, including stadiums in Los Angeles, Dallas, Houston, San Diego and San Antonio, among others.
The first party is a foreign "financing
entity" that is the source of the financing
Over the past few years, with the increasing sophistication and globalization of world capital markets, a variety of new financing
alternatives have opened up for mid-sized companies - like leasing, working with finance companies, using master limited partnerships, and asset-backed financing
Mindy Goldstein, NCB's Senior Vice President, arranged over $14 million in financing
for housing cooperatives in May.
Bassuk, who also arranged a forward commitment on permanent financing
for the project from Helaba, said, "This cutting edge financing
is the first time a commercial bank has agreed to provide permanent financing
on such advantageous terms and is a very positive development for project owners.
The Singer & Bassuk Organization (SBO) specializes in providing construction and permanent financing
for real estate projects for our clients.
"The tremendous volume of financing
in 2005 resulted in part from more than half of our total participants this year being cooperatives with 50-units or much larger.
Including the 63 Wall Street construction financing
, these transaction aggregate in excess of $550,000,000.
National Cooperative Bank originated through its subsidiary, NCB, FSB, more than $104 million in financing
during June for 30 New York area properties.