Custom buyout options and flexible terms structured to honor banking covenants while providing sufficient debt coverage for highly depreciable assets and associated soft costs.
With over $2MM required to build-out their new facilities (a significant percentage of which were soft costs) and recent real estate and business acquisitions, the Client recognized the need for a partner who valued business relationships over residuals as well as one who understood the project challenges both companies would need to overcome.
Regents has become just such a partner through flawless execution of multiple financing projects, each structure tailored to the honor the Client’s existing bank covenants. By leveraging Regents’ deep institutional expertise, the Client’s was provided with custom buyout terms, sufficient debt coverage, rates comparable to those of their bank group, but with more flexible payment options, 100% financing for multiple schedules and broader collateral allowances.
“As a professional services company, we set a high bar for both our company and those with whom we do business. With virtually no hard assets, restrictive bank covenants and line of credit, we turned to Regents. They took on our challenges and secured financing with creative solutions that fit our unique business needs. Regents has not only met our expectations but continues to surprise us with a level of customer service that surpasses those of their competitors.
Regents superior customer service and their ability to finance projects with virtually no hard assets speaks to their expertise and persistence. We now look to Regents for competitive bids on all our projects and refer our friends and business associates as well. We gladly extend our recommendation to anyone looking for equipment financing.”
– Karen B., Executive Vice President