Leveraged and single-investor leasing, 1988



Publisher: Practising Law Institute in New York, N.Y. (810 Seventh Ave., New York 10019)

Written in English
Published: Pages: 528 Downloads: 793
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Places:

  • United States.

Subjects:

  • Industrial equipment leases -- United States.

Edition Notes

Statementchairman, Ray Warman.
SeriesCommercial law and practice course handbook series ;, no. 459
ContributionsWarman, Ray., Practising Law Institute.
Classifications
LC ClassificationsKF946.Z9 L48 1988
The Physical Object
Pagination528 p. :
Number of Pages528
ID Numbers
Open LibraryOL3509769M
LC Control Number82061818

  Leasing and Electra collectively, “Subsidiaries”) which will hold a non-controlling interest for Banks will organize the LLC and will transfer into LLC some of their leveraged and single investor lease assets from their, or their affiliates’, respective lease portfolios to the LLC in [ Transfer Binder] Fed. Banking L. Experiences with leasing and leveraged buyouts are used to illustrate the argument. further reduced (Williamson, ). Thus, equity investments provide the primary source of externally. In finance, leverage (or gearing in the United Kingdom and Australia) is any technique involving using debt (borrowed funds) rather than fresh equity in the purchase of an asset, with the expectation that the after-tax profit to equity holders from the transaction will exceed the borrowing cost, frequently by several multiples ⁠— hence the provenance of the word from the effect of a lever. The debt participants holding approximately $ million in equipment trust certificates under 14 separate leveraged lease transactions and one single investor lease transaction in connection with the sale and assignment of the lease portfolio of a U.S. subsidiary of a Canadian railcar manufacturer to an international railcar operating lessor.

Sheppard Mullin has an active capital equipment financing practice. We represent domestic and international clients in leasing transactions involving a diverse range of assets including, aircraft, automotive, computers and other technological equipment, construction, containers, energy, manufacturing, maritime, medical, mining, railroad rolling stock and locomotives, shipping, storage, . Responsible for all leveraged leasing and single investor equipment leasing transactions. Stryker, Tams & Dill. Mar – Oct 1 year 8 months. Newark, N. J. Commercial contract work Title: Senior VP & General Counsel at . "Identifying a True Lease under §(37)" Chapter 4 in Equipment Leasing (Matthew Bender , ) "Women in the Workplace" in. Facts About Women and the Law (American Bar Association ) "Personal Property Leasing Under Article 2A" Chapter 13 in Equipment Leasing--Leveraged Leasing (PLI 3rd ed. ) Law Journal Articles (selected).   The lease receivable result can also be confirmed by taking the interest of $94, from the lease payment of $,, which amounts to $10,, representing a recovery of the net investment. Subtracting this amount from the lease receivable at January 1, Year 1 results in a balance of $, at Decem Year 1.

  See the article in its original context from Janu , Section D, Page 5 Buy Reprints View on timesmachine TimesMachine is an exclusive . Update on Vessel Leasing Issues (with James H. Hohenstein), LJN's Equipment Leasing Newsletter, April Vessel Leasing Equipment Financing-Leveraged Leasing, (Ed. Ian Shrank & Arnold G. Gough; The Practicing Law Institute), August 1, EPA Proposes Emission Control Areas Along U.S. Coastlines Holland & Knight Alert, Ap In leveraged lease, there are three parties – lessor, lessee, and the financier or lender (e-Finance Management, no date). For single investor lease, begins the methodological approach of the lessor arranging the asset way of debt, setting the payment method for the lessee. Thus, there are clauses through a calculated well-constructed contract. Specialties: Products include single investor and leveraged leases, synthetic leases, TRAC leases, non-tax leases (loans) and non-recourse debt, to both middle market and large ticket market : Credit Officer at Fifth Third Bank.

Leveraged and single-investor leasing, 1988 Download PDF EPUB FB2

"Prepared for distribution at the Leveraged and single-investor leasing program, May, New York City"--Page 5. Page blank for notes. Description. It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases’ 1988 book lease-buy economic analysis.

This invaluable resource includes the background and basics of equipment leasing, history of leasing, synthetic leases, financial reporting of lease transactions by lessees, operating a 4/5(3).

"Prepared for distribution at the Leveraged and single investor leasing program, May-June, " Description: pages (pages blank): illustrations ; 22 cm. Series Title: Commercial law and practice course handbook series, no. Responsibility: Bruce E. Fritch, Chairman. Hailed as “authoritative” by the Tax Executive, Equipment Leasing–Leveraged Leasing provides readers with the comprehensive legal, tax, economic, accounting, environmental, and insurance information and advice needed to develop and implement leasing deals that maximize rewards and minimize risks.

Written by more than thirty leading leasing authorities, and featuring hundreds of. Equipment Leasing is a practical reference for financial managers who need background information, and an understanding of how leasing can be utilized as a cost-effective means of equipment financing-especially under the new tax law in the United States.

It explores various types of leases, including Leveraged and single-investor leasing investor leases, leveraged leases, tax requirements for true leases' and lease-buy. It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases' and lease-buy economic analysis.

This invaluable resource includes the background and basics of equipment leasing, history of leasing, synthetic leases, financial reporting of lease transactions by lessees, operating a.

practice focused on lease financing of every possible configuration, project financing, corporate 1988 book, derivatives, and various insurance products. On a number of occasions he chaired or participated in programs on equipment leasing, leveraged leasing, and.

Single Investor Lease and Leveraged Lease and Leveraged Lease Single Investor Lease. There are only two parties of this lease transaction the lessor and the lessee. The leasing company (lessor) funds the entire investment by an appropriate mix of debt and equity funds.

The debt raised by the leasing company to finance the asset are without recourse to the lessee, that is, in the case of. Leveraged and Single-investor Leases 12 Tax-oriented true leases vs. non-tax oriented leases 12 Conclusion to Chapter 2 14 3 Economic rationale for leasing 15 Techniques of lease analysis 15 Lease valuation example: NPV for leasing 17 Lease.

A single investor lease has a much longer average life and stands between leveraged leases and loans from an investment point of view. Note that even though leveraged leases have a relatively small amount of earnings they can have a large yield because the investment is outstanding for a small amount of time.

A leveraged lease is a lease agreement that is financed through the lessor, usually with help from a third-party financial institution. In a leveraged lease, an asset is rented with borrowed funds. Single Investor Lease and Leveraged Lease Definition: The Single Investor Lease and Leveraged Lease are other types of leases classified on the basis of a relationship between the lessee and the financier.

The lease refers to the contractual agreement wherein the lessor, the owner of the property give rights to the lessee to use his property in exchange for periodical rental payments. It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases’ and lease-buy economic analysis.

This invaluable resource includes the background and basics of equipment leasing, history of leasing, synthetic leases, financial reporting of lease transactions by lessees, operating a Author: Peter K.

Nevitt, Frank J. Fabozzi. Single Investor Lease and Leveraged Lease. In a single investor lease, there are two parties – lessor and lessee. The lessor arranges the money to finance the asset or equipment by way of equity or debt. The lender is entitled to recover money from the lessor only and not from the lessee in case of default by a lessor.

Equipment Leasing-Leveraged Leasing, Third Edition by Fritch, Bruce E.; Reisman, Albert F.; Shrank, Ian [Editors] and a great selection of related books, art and collectibles available now at Equipment Leasing is a practical reference for financial managers who need background information, and an understanding of how leasing can be utilized as a cost-effective means of equipment financing-especially under the new tax law in the United States.

It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases and lease-buy. Single Investor Lease and Leveraged Lease: Single investor lease: In such lease, two parties namely lessor and lessee are included in lease transaction.

The leasing co (lessor) funds/finance the entire investment by an appropriate mix of debt and equity funds. CHAPTER 12 Leveraged Lease Fundamentals. The leveraged form of a true lease of equipment is the ultimate form of lease allows a company, as lessee, to harness the lessor's capital, leveraged by institutional debt, as a source of funding somewhat like subordinated debt.

A leveraged leasing is similar to a single-investor lease--in terms of equipment selection and negotiation (rentals, options, responsibility for taxes, insurance, and maintenance)--but with a lower cost of funding, when compared to other methods of finance, and appreciably more complex in size, documentation, legal involvement, and, most.

It explores various types of leases, including single investor leases, leveraged leases, tax requirements for true leases' and lease-buy economic analysis.

This invaluable resource includes the background and basics of equipment leasing, history of leasing, synthetic leases, financial reporting of lease transactions by lessees, operating a Price: $ and established guidance which is used by the leasing industry as a “safe-harbor” for single -investor leases (non-tax leveraged leases) in the leasing industry • Case law has driven several industry approaches and some latitude is available, but Rev.

Proc. / unrelated third parties, that asset could qualify for leveraged lease accounting. However, any write-down to the existing asset's fair value in contemplation of leasing the asset precludes the transaction from leveraged lease accounting.

Background Paragraphs 6(b)(ii) and 42(a) of Statem as amended, state: Direct financing leases. Leasing Final - Free download as Powerpoint Presentation .ppt /.pptx), PDF File .pdf), Text File .txt) or view presentation slides online.

Scribd is the world's largest social reading and publishing site. Leasing enables a company to realize economic benefits and/or achieve financial flexibility not available through conventional debt or equity financing Both single investor and leveraged lease structures provide access to incremental liquidity outside of traditional funding sources, such.

Single Investor Lease and Leveraged Lease. Domestic Lease and International Lease. which is substantially higher than the book value. The leasing company then offers these lockers on a long-term lease to the bank. This sale an available source of funds for the expansion and diversification programmes of a firm where high- cost short-term.

In connection with an internal restructuring of our client bank’s leasing operations, we assisted them in assessing, negotiating and documenting waivers and assignments of their owner participant’s interest in over leveraged and single investor leases having a book value in excess of $1 billion.

Leveraged Leasing from a Lender's Viewpoint, a Chapter included in the PLI Treatise Equipment Leasing – Leveraged Leasing (Co-Author).

Security Interests: Aircraft, Vessels and Rolling Stock, Practice Note maintained by Practical Law Company. Emerging Trends in Corporate Real Estate Finance: Leveraged and Synthetic Leases by Joe Corcoran.

Go to Glossary of Terms. Capital markets for funding real estate have changed significantly in the past years, and corporations can now take advantage of sophisticated financing instruments to obtain a lower cost of funds, advantageous tax and accounting treatment and greater flexibility in.

Leveraged and Non-Leveraged Lease There may be situation when the value of the asset which is leased, is quite a huge amount which may be difficult or impossible for the lessor to finance. So, in this case the lessor includes one more financier who will also charge over the leased asset.

If a firm is described as highly leveraged, the firm has more debt than equity. For companies, two basic types of leverage can be used: operating leverage and financial leverage. The following information deals with leveraged leases from the standpoint of the lessor. A leveraged lease has all of the following characteristics: Lease does not meet the definition of a sales-type lease.

A sales-type lease is not accounted for as a leveraged lease. Lease involves at least a lessee, a long-term creditor and a lessor.that it be used for leveraged lease account ing. Although FASB 13 does not require, or suggest, the MISF be used to analyze the economics of a leveraged lease [Amembal et al.p.

], FASB 13 explains the use of two rates This method recognizes the separate in vestment phases and the reversing cash flow pattern of a leveraged lease. Net inc.

b12, c12, Per share leveraged lease assets and Instant Teller earnout proceeds. The prior year non-recurring income reflects sale of .