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.
The firm has set up loan programs to partners of law, accounting and consulting firms.