The mezzanine and second-lien financing market continues to provide significant opportunities for alternative and non-bank lenders. In episode two of Yield Maintenance, host Brian Coughlan is joined by McGuireWoods partners Anne Croteau and David McLean for a lively discussion on the ins and outs of mezzanine and second-lien financing, the impact of COVID-19-related changes on this segment of the market, and potential opportunities in the future.
In the first episode of Yield Maintenance, host Brian Coughlan is joined by fellow McGuireWoods partner Clayton Stallbaumer. During the interactive discussion, Brian and Clayton provide an introduction to the Main Street Lending Program, how it differs from the Paycheck Protection Program and its impact on direct and alternative lenders. Since the recording, the Federal Reserve Bank of Boston announced that the Main Street Lending Program is now fully operational, ready to purchase 95 percent participations in eligible loans submitted by registered lenders. For more information, please read “Main Street Lending Program Now Open,” a legal alert recently authored by members of the firm’s debt finance practice.