LEAF Announces Securitization of $221 Million of Leasing Belongings

Philadelphia, PA (PRWEB) September 24, 2012

LEAF Industrial Funds, Inc. (“LEAF”), a foremost independent professional equipment leasing and finance organization, announced today the closing of a new securitization transaction, LEAF 2012-1, which was finished on September 21, 2012.

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Through LEAF 2012-1, LEAF securitized a portfolio of roughly $ 221 million of leases and professional loans by means of the issuance of equipment agreement-backed notes. The transaction is the second securitization of little ticket equipment leases and professional loans that LEAF has sponsored given that its inception. The leases and loans ended up originated by LEAF and are backed by numerous products such as business office gear this kind of as photocopiers, printers and telecommunications systems, as nicely as engineering, light industrial and health care-related equipment.

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Guggenheim Securities, LLC, was the arranger of the notes and Natixis Securities Americas, LLC and Credit history Suisse Securities (Usa), LLC ended up co-arrangers. LEAF will keep on to be the servicer of the belongings. LEAF issued nine set rate lessons of notes that were rated by Moody’s and DBRS, with the Class A notes possessing the gain of a monetary warranty insurance plan issued by Assured Guaranty Corp. This was a personal offering created to competent institutional consumers pursuant to Rule 144A beneath the Securities Act of 1933, as amended, by LEAF Receivables Funding eight, LLC, a wholly owned subsidiary of LEAF Business Funds, Inc.

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Miles Herman, President and COO of LEAF, mentioned, “This is our 2nd successful securitization finished in considerably less than two several years considering that launching LEAF Professional Capital, Inc. We are delighted with our accomplishment in securing customer finance programs with prime high quality equipment vendors as our main source of originations and also the assistance we have acquired from the capital marketplaces that fuels our expansion. We imagine that the confidence that the two investors and the ranking agencies have revealed in us additional validates our business technique. A vital portion of a properly-rounded funding technique for an impartial finance organization is accessing an active phrase securitization market place. This transaction demonstrates and reinforces the fact that, in spite of difficult financial moments, we can effectively participate in this industry. We will be employing the proceeds of this financing to pay down an present warehouse facility and hence improve our potential to satisfy the long term financing requirements of our valued products seller partners. As a standard programmatic issuer, we appear ahead to continued long term access to the securitization industry.”

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About LEAF&#13

LEAF Business Money, Inc. (“LEAF”) is one of the foremost impartial products leasing and finance companies in the U.S. Headquartered in Philadelphia, PA, LEAF serves the tiny- to mid-ticket gear finance marketplace and maintains a nationwide origination footprint, operating with companies, distributors, and distributors of enterprise-crucial products and computer software in a range of industries. LEAF is backed by Eos Associates, Useful resource Cash Corp., and Resource The united states, Inc. For much more information on LEAF make sure you visit http://www.LEAFnow.com.

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Authorized Armor Donates $1 Million in Lawful Fees to Help Home owners Experiencing Foreclosure

(PRWEB) April 29, 2013

In the reaction to common misconduct and mishandled loan modification scandals by loan providers throughout the place, Legal Armor is launching a $ one Million donation campaign to aid Individuals going through foreclosure.

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House owners dealing with foreclosure often do not have the funds to retain the services of an legal professional for audio authorized suggestions relating to their alternatives even when there is gross misconduct on the component of their loan companies in the financial loan modification and/or their foreclosures process. House owners are typically forced to find suggestions from their pals, mortgage brokers, genuine estate agents or even from the Web.

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Legal Access is no for a longer time cost-effective to the widespread American, suggests Yvonne Engelbrecht, the VP of Operations of Lawful Armor. We created Lawful Armor to make it reasonably priced for property owners to get sound authorized advice. Obtaining negative advice from uninformed but properly intentioned people typically lead homeowners to make poor decisions that could guide them to lose their properties, damage their credit score and owe income to the IRS. Property owners should go over their circumstance with an lawyer that specializes in foreclosures defense who can give them the total spectrum of possibilities that they could not normally be aware of.

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Legal Armor was designed to give property owners going through foreclosures reasonably priced access to a foreclosure defense legal professional who can advise them on their alternatives.

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As portion of its start, Authorized Armor is donating $ 1 million in authorized solutions church buildings and any other non-revenue companies that presently help struggling property owners. Churches and non-earnings corporations have been the bastions of hope for numerous homeowners. We want to reach out to these corporations and provide guidance to them to aid their members who are facing foreclosures.

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Any church and non-revenue corporations that are interested in acquiring far more data about our program need to visit http://www.legal-armor.com/methods.

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About Legal Armor:

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Legal Armor sells membership plans to homeowners going through foreclosures. Membership positive aspects contain essential foreclosures protection providers this sort of as affordable access to a foreclosure defense lawyer, securitization audits, credit counseling and more.

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Lawful Armor is a privately held company that was started in reaction to the increasing need for Americans facing foreclosure to have cost-effective obtain to an lawyer that understands foreclosures defense. It was founded in 2012 and is based mostly in Chicago, Illinois.

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For a lot more info about Lawful Armor, come to: http://www.lawful-armor.com

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