Matthew B. Greene Finance Law Blog on Lawyers.com

The Wall Street based law firm and licensed financial services institution STILAS International Law Services, P.A. organized, negotiated, structured and closed an international finance project loan for a Suriname, South America holding company with Netherlands Antilles holdings.  The company specializes in investment project development for real estate complexes and biofuel energy production.

The multilateral loan contract, signed jointly by three coordinated lenders with the borrower, was signed in December of 2008.  STILAS had arranged syndication of three private investment funds, from the United States, Netherlands and Curacao, as a result of meetings in the Netherlands and London throughout the year between STILAS and representatives of the investment funds.

The funding package facilitated by STILAS, consisting of $55.0 Million USD,  is for a 10 year term with a 3 year interest deferment, with interest at only 3.5% annual.  This closing demonstrates that STILAS’ track record of billions of dollars in successful fundings, at interest rates substantially below market rates, is precisely because of the strength of the collateral assets leveraged or structured by STILAS.  Providing more attractive collateral, or structuring superior collateral mechanisms, has consistently improved terms of international project finance loans including greatly reduced interest rates for STILAS clients.

The international project financing package was structured by STILAS as an asset-based loan against pre-acquisition land value, additionally backed by temporary equity in the holding company.  The successful closing used new propriety legal strategies of STILAS for short-term asset based loan closings, consisting of new variations of established financial products that were developed by a team of lawyers and compliance officers led by Matthew Greene, a prominent economic security expert, in cooperation with a Swiss mortgage lending institution.

These proprietary collateral loan structures, applying Swiss investment banking strategies in new ways to facilitate and accelerate acquisition loans, were first launched by STILAS in 2007, resulting in successful “test transactions” of 6 loans totaling $7.5 Million USD in July 2007, and a batch of 12 loans totaling $90.0 Million USD closed in October 2007.  The 2008 closing for $55.0 Million USD demonstrates that STILAS has the capability to independently apply these alternative methods for qualified clients “at will”, provided that the borrower has cooperative sellers of real estate assets, and that lenders are interested in a borrower’s project.

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