Priming Lien Mortgage Loan Financings - Continued

Priming lien financing is not an easy undertaking and you should be sober in your assessment of the availability of this financing BEFORE you decide to file for court protection pursuant to Chapter 11 of the bankruptcy code.  Priming lien financing is difficult because these claims are treated pari passu with those claims for payment made by the court itself, the trustee, any receiver appointed by the trustee/court and the debtor's attorneys and consultants.  None of these parties has any reason to spare any charge or expense so the funder is placed at risk for ever-mounting losses that result from those fees and costs.  This makes each and every case completely different and there is no basis for comparison of what your chances are based upon the success of others.  Like the start-up, the bankruptcy workout financing process is uniquely underwritten based upon the market considerations, reasonable revenue projections, salvage value (fire-sale value) of all assets in the pool, future operating costs and management systems.  Computing your odds of success won't be possible until all of these issues are taken into consideration.  This means you need to talk to a Rainmaker consultant and have us undertake a complete underwriting assessment of the opportunity.  The initial consultation is free, so call us today.