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

WINECREDIT LLC
JP MORGAN CHASE
Revolving Line of Credit Facility

$--,000,000

May 2019

The undersigned acted as counsel to the Borrower.
109 FAIRVIEW LLC
ISRAEL DISCOUNT BANK Line of Credit

$3,000,000

December 2013

The undersigned acted as counsel to the Borrower.
PYPESTREAM INC.
WESTERN ALLIANCE BANK
Revolving Credit Facility

$4,000,000

October 2021

The undersigned acted as counsel to the Borrower.
PYPESTREAM INC.
SILICON VALLEY BANK

Line of Credit

$1,750,000

December 2019

The undersigned acted as counsel to the Borrower.
TRIPAK INDUSTRIAL USA LLC
$1,250,000

NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY Equipment Loan

$1,250,000

March 2008

The undersigned acted as counsel to the Borrower.
52 GREEN POND ROAD LLC
NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY Industrial Revenue Bond Mortgage Loan

$10,000,000

March 2008

The undersigned acted as counsel to the Borrower.
TRIPAK INDUSTRIAL USA LLC
TD EQUIPMENT FINANCE, INC.
Equipment Lease Financings

$987,059

$1,542,000

2008

The undersigned acted as counsel to the Borrower.
SPECIALTY QUALITY PACKAGING, LLC
KEYBANK NATIONAL ASSOCIATION
Equipment Financing Loan

$5,500,000

March 2021

The undersigned acted as counsel to the Borrower.
PINNACLE TAXX ADVISORS, INC.
(Pinnacle is a tax preparation and financial planning firm with offices in 8 states)

$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.
OHEL CHILDREN’S HOME AND FAMILY SERVICES, INC.
(Ohel is a not-for-profit, tax exempt organization that provides foster care, as well as residential facilities for developmentally and emotionally disadvantaged adults and children in numerous sites around NYC, specializing in care for Orthodox Jewish clients) Sells part of the real estate collateral and defeases a portion of its

$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.
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