Matthew B. Greene Finance Law Blog on Lawyers.com

During the height of the full blown banking credit and liquidity crisis, the Wall Street based law firm and licensed financial services institution STILAS International Law Services, P.A., led by the internationally recognized anti-fraud and economic security expert Matthew Greene, proved to the banking industry that STILAS is a reliable source of practical solutions.

In September 2007, STILAS successfully closed a large batch of “test transactions” with a European bank, for the bank’s own clients.  For a group of 12 mid-sized commercial businesses in the United States and European Union, for various commercial acquisitions and expansion projects, STILAS structured and procured a simultaneous batch of asset-based bridge loans against 18 commercial properties, resulting in $90.0 Million working capital from a Swiss mortgage lender, at 5.0% annual interest with LTV 100% of property value. 

This batch of successful closings was achieved during the peak of the “subprime” mortgage credit crisis, at a time when major national mortgage lenders were already suspending operations or shutting down permanently, and the first major investment funds and banking institutions were beginning to fail or close.

In October 2007, as a direct result of three successful “test transaction” batch closings, STILAS obtained a contract with a Swiss based mortgage lender, under which the Swiss lender plans to fully operate the short-term asset-based loan transactions for STILAS clients.  STILAS became the primary law firm for supporting the lender’s in-house operations.

These successful closings, totaling $90.0 Million, followed 7 months after a landmark $100 Million USD collateral loan closing, and only 3 months after a notable $7.5 Million USD in loan closings using a new method of short-term bridge loans.  This brings the STILAS success record of effective capital financing to $197.5 Million USD throughout 2007, despite being one of the worst years in banking history.

As a result of their persistent success despite overwhelming challenges, both Matthew Greene and STILAS have shifted their primary services towards helping small and developing banking institutions to survive the financial crises, and provide much needed alternative financial products that the failing mainstream banking industry has been increasingly unable to provide.

Matthew Greene of STILAS points out that the successful “test transactions” prove that the new regulatory compliance methods, innovative legal strategies and updated financial products work and are safe.  They also prove that banks are capable of closing these types of loans at any time, if they can only overcome the blind, irrational and almost paranoid fears of their compliance departments and legal departments.

STILAS has declared its dedication to helping the banks to use better, safer methods for more effective transactions that will strengthen the private sector economy through loans, simultaneously increasing the deposit ratio, capital reserves and bookable assets of the lending banks themselves.

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