Private Clients Lending
With experience representing both
"high net worth" individuals, as well as banks focused on
lending to such individuals and their families, we bring a
valuable insight to our representation of the "private clients"
group for a number of our bank clients in their secured lending
to wealthy individuals. We specialize in making loans secured
by specific luxury assets of private clients such as art,
planes, ships and residences. This area includes not only
bank lending to individuals and trusts, but also lending to
partnerships and limited liability companies owning closely
held businesses or engaged in the practice of a profession.
We also have experience with complex financial instruments
and products that banks may provide to their private clients
to enable them to diversify their assets, minimize risk, and
obtain favorable income and estate tax consequences. As part
of our advice, we are expert at the regulatory ramifications
and impact of such transactions.