A local commercial loan funded by Alliance Bank of Arizona was about to mature and an extension under the previous terms no longer fit the bank’s product mix. That’s when Alliance bank executives brought in SPC. A loan modification and extension was negotiated by Alliance with their borrower that satisfied SPC’s yield requirements. In addition, safety was enhanced when the borrower offered the rents on a Texas property as additional collateral. Better yields and greater safety created all the incentives for SPC to purchase a majority interest in the loan. Alliance Bank of Arizona achieved greater diversification and the borrower received their requested extension.
“Secured Private Capital has a unique ability to view a transaction from both the borrower and banker perspective. In this circumstance, our partnership with SPC was the key to preserving a client relationship.”
Ed Zito, EVP
Alliance Bank of Arizona
