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The Lease Advisory and Asset Finance Group was established at Carreden in 2002. Our team has worked together as lease advisors and asset finance specialists for institutional investment since the early 1990s. Since joining Carreden, we have acted as advisors to insurance and bank finance companies, utilities, and energy developers and integrators in the solar distributed generation industry. We have successfully advised clients in transactions representing over $9 billion in asset cost.
Our primary focus is on hard-asset finance in the transportation, energy, manufacturing and infrastructure sectors where our superior analytical and structuring experience brings added value to clients. Transactions are frequently complex and often involve multiple parties and advisors. Our emphasis on coordination and cooperation are paramount in achieving successful and timely results.
We have earned a reputation as a premier advisor within the big-ticket asset finance sector and solar distributed generation industry based on a history of innovation and flexibility. Our principal strengths include:
- Significant investment advisory experience over a broad range of assets and industries in transactions employing traditional credit structures as well as project financing and master lease structuring, including opportunities employing investment tax credits for solar and other renewable energy facilities;
- A strong track record of successfully executing lease financings and sale transactions, including Sec. 1031 Like Kind Exchange transactions;
- Superior analytical and structuring experience designed to produce successful results and maximize transaction profitability;
- A focus on long-term success that has resulted in excellent client relationships and multiple assignments.
Experience
Our team members have more than 60 years of combined financial structuring and banking experience in executing big-ticket lease and project finance transactions. Our background working as principals provides a balanced perspective on issues that arise between transaction parties, resulting in quick and successful resolution. We act as a coordinated team in each transaction, focusing on economic analysis, financial and tax structure, asset-specific issues and legal framework.
Advisors, not Brokers
We take pride in our corporate philosophy, which emphasizes advocating the interests of our clients ahead of any transaction. We are long-term, relationship-oriented advisors. We seek transparency in our client relationships, becoming in effect a specialized extension of their own capabilities. Our goal is to fully understand the goals and objectives of our clients to ensure success on every assignment.
Selected Recent Advisory Successes
- 2008-2009:
- Engaged by solar developers and project sponsors as lessee advisor to arrange and source permanent lease equity capital of up to $100 million for solar energy distributed generation projects;
- Engaged as lessor advisor by institutional solar investor in the successful closing of a lease equity financing of $20 million in solar energy distributed generation projects;
- Engaged as lessee advisor by solar developer and project sponsor to arrange and source permanent lease equity capital in the successful closing of a $50 million master lease program of solar energy distributed generation projects;
- 2004-2008:
- Engaged as lessor syndicate advisor in the successful closings of $489 million in leveraged lease financings of locomotives and freight cars for U.S. Class I railroads;
- Engaged as lessor syndicate advisor in the successful closings of $694 million in leveraged lease financings of various freight cars for rail operating companies;
- Engaged as lessor syndicate advisor in the successful closing of a $185 million leveraged lease financing of a new building products manufacturing facility.
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