Due Diligence, New York Private Finance Style

All third-party financings require the lender or investor to exercise due diligence in evaluating the prospective recipient of funding, and NYPF’s loan facilities are no different. How we conduct our diligence, however, differs meaningfully from standard bank processes and reflects the fundamental distinctions between our loans and conventional commercial or personal loans. Commercial lenders focus …

Read More

Artificial Intelligence, Productivity, and Growth in the Middle Market

New York Private Finance tends to find most of its clients in the middle market, entrepreneurs whose businesses generate revenues of $25MM- $250MM annually. These individuals are “all in” on their enterprises as they seek to grow their wealth substantially. They do this without access to public markets and with limited access to relevant private …

Read More

aerial view of city buildings during daytime

How Much Should I Borrow?

There is an old saying on Wall Street, “When the ducks quack, feed them”, that encourages raising as much money as markets will allow; who knows when they may close or show less interest in a certain type of financing? That certainly makes sense in the equity markets, but debt is different and private debt …

Read More

Margin Loans vs. Loans Backed by Illiquid Assets

Why an Appraisal?

Prior to closing a loan facility, New York Private Finance must engage an independent appraisal agent to confirm values for specified collateral assets. This is a function of bank regulation and not merely a preference of NYPF.  However, although our credit process depends in part on the value of the assets pledged as collateral, the …

Read More

22 Vanderbilt Front Entrance

Staying Power

For ten days now, our national correspondent has been traveling by car through various national parks in the western regions of the United States. Seeing monuments like Old Faithful, Grand Teton and Mt. Rushmore would not seem relevant to private lending, but, in fact, it turned out that doing so had a direct bearing on …

Read More