New York Private Finance

New York Private Finance General Information

Description

New York Private Finance offers medium-term loans to private individuals who wish to use illiquid assets, such as private equity, as collateral. The firm typically lends in amounts of $4 - $30 million for terms of 3 - 6 years. The firms borrowers generally operate or invest in the middle market and use the funds for one of three broad purposes: 1) to invest further capital in existing projects or operations; 2) to make an acquisition or diversify into another line of business, or 3) to buy out a partner or effect generational changes of control. The firm finances investments in a very broad range of businesses and operate on a national basis. To reduce the cost of loans, the firm takes a certain portion of their overall return in the form of “participating interest” that couples their return with the success of the borrower’s investing activity. In doing so, the firm also aligns their interests more closely with those of the borrower, thereby encouraging mutual cooperation over the life of the financing. The firm's service areas include advising clients on their personal capital structures, structuring and managing financing transactions, introductions to potential lenders, negotiation of terms and documentation with creditors and financial institutions, ongoing reporting and relationship management for creditors and other financial relationships.