Financing
Akabas & Sproule represents both lenders and borrowers in loan and related financing transactions. We work in secured financings and venture financings such as unsecured convertible promissory notes and Simple Agreements for Future Equity (i.e., “SAFEs”).
The collateral for loans in which we have represented a party includes a wide range of assets, from all-asset financings to collateral consisting of personal property, intellectual property, marketable securities, accounts, and/or financial instruments. These loans have been from bank lenders, private sources, and through equipment-financing leases.
Many of these financings have included guarantees.
For more information, contact: Seth A. Akabas or Michael H. Sproule.
Akabas & Sproule represents both lenders and borrowers in loan and related financing transactions. We work in secured financings and venture financings such as unsecured convertible promissory notes and Simple Agreements for Future Equity (i.e., “SAFEs”).
The collateral for loans in which we have represented a party includes a wide range of assets, from all-asset financings to collateral consisting of personal property, intellectual property, marketable securities, accounts, and/or financial instruments. These loans have been from bank lenders, private sources, and through equipment-financing leases.
Many of these financings have included guarantees.
For more information, contact: Seth Akabas, Michael H. Sproule
Financing Deals
$3,000,000
December 2013 The undersigned acted as counsel to the Borrower.
October 2021
The undersigned acted as counsel to the Borrower.
Line of Credit
$1,750,000
December 2019
The undersigned acted as counsel to the Borrower.
Equipment Financing Loan $5,500,000 March 2021 The undersigned acted as counsel to the Borrower.
$3,500,000
Term Loan and Revolving Credit Facility Provided by
HSBC BANK USA
December 5, 2003
The undersigned acted as counsel to the Borrower, Pinnacle.
$5,220,000
Series 1999A Civic Facility Revenue Refunding Bonds Issued through the
NEW YORK CITY INDUSTRIAL DEVELOPMENT AGENCY
October 2004
The undersigned acted as counsel to Ohel.