Motor Vehicles

Motor Vehicles

The syndicated finance team at McGuireWoods represents lenders in the structuring, documentation, closing and administration of a broad range of syndicated and single-bank credit facilities involving new and used cars, light duty trucks, motorcycles and recreational vehicles. Client transactions include revolving credit facilities secured by motor vehicle inventory, bilateral floor plan credit arrangements and conventional dealer floor plan loans. We also provide our services on deals related to other motor vehicle assets, including asset-based loans secured by motor vehicle retail installment sale contracts, structured warehouse programs and loans used to finance the acquisition of dealership real property.

In addition to our work as lender's counsel, we have represented automobile dealers and other motor vehicle retailers as borrowers on numerous floor plan and other loan negotiations. We are familiar with the process by which companies acquire and dispose of new and used inventory, and the regulation and operation of finance companies.

We have represented issuers on all types of automobile loan and lease securitization facilities, including single-seller and multi-seller asset-backed commercial paper and municipal lease programs, as well as grantor trust, and wrapped and unwrapped owner trust transactions under the Federal Reserve Bank of New York's Term Asset-Backed Securities Loan Facility.

With more than 20 years of experience, we are one of the nation's leading motor vehicle receivables securitization law firms. Our diverse geographic footprint enables us to deliver jurisdiction-specific certificate of title opinions, and to efficiently resolve other local law issues that frequently arise in connection with these transactions.