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Criteria to Consider When Assessing Borrowing Base Credit for Participation Interests

This Legal Update explores the considerations that a warehouse lender should bear in mind when deciding whether to provide borrowing base credit for participation interests and defining eligible participation interests....more

Asset-Level Eligibility Series: Governmental Authorities

This Legal Update explores why, in order for an underlying loan to be included in a warehouse facility’s borrowing base, the underlying loan’s obligor cannot be a governmental authority. EXAMPLE OF ELIGIBILITY CRITERIA:...more

Asset-Level Eligibility Series: Loans Used for “Personal, Family or Household Purposes"

This Legal Update explores why, in order for an underlying loan to be included in a warehouse facility’s borrowing base, the underlying loan cannot be used for “personal, family or household purposes.”...more

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