5 Simple Statements About mezzanine debt lenders Explained
5 Simple Statements About mezzanine debt lenders Explained
Blog Article
Indeed, after a Medicaid recipient has expended in excess of one hundred twenty times in an establishment, Even though the recipient provides a ideal to appeal the decision as well as the lien.
Endeavours to comply with rules relevant to the community enterprise will involve major expenditures, and noncompliance with these kinds of regulations may possibly adversely have an impact on us.
Sure, but only after the death of the surviving husband or wife, and when there is not any surviving kid less than 21, blind or disabled small children.
Indeed, if the assets recovered from are an essential Portion of the heir’s business and are actually for six months; or if the house is the sole residence of the heir and continues to be for 6 months AND the house has been labeled as homestead residence underneath Minnesota law. As well as point out will take into account another powerful instances.
We might enter into a total return swap (“TRS”) settlement. A TRS is a contract where one social gathering agrees to make periodic payments to another social gathering based on the modify available in the market price of the belongings underlying the TRS, which may incorporate a specified protection, basket of securities or securities indices during a specified period, in return for periodic payments depending on a set or variable fascination level. A TRS effectively adds leverage to a portfolio by offering financial investment publicity to the stability or sector without owning or having Actual physical custody of such stability or investing instantly in such market.
The service service provider offering Medicaid Positive aspects have to notify the point out in 10 times from the Medicaid receiver’s death.
Strong Alignment with Apollo-affiliated Funds. Apollo has structured the organization such that the corporate and Apollo-affiliated capital will normally be aligned, leveraging the identical checking and danger management abilities inside Apollo’s credit history small business and, other than as explained underneath, proudly owning exactly the same loans at exactly the same cost.
Most of the debt devices we put money into are unrated or rated underneath investment decision grade, and that is typically an indication of sizing, credit history worthiness and speculative character relative towards the ability in the borrower to pay for curiosity and principal. Commonly, if our unrated investments ended up rated, they'd be rated beneath financial commitment grade.
Substantial Managerial Support. A BDC must have already been structured and possess its principal location of organization in America and should be operated for the objective of building investments in the kinds of securities explained above. Nonetheless, so as to depend portfolio securities as Qualifying Belongings for the goal of the 70% test, the BDC should either Manage the issuer in the securities or have to present to help make accessible to the issuer of your securities (other than small and solvent firms explained over) important managerial guidance; apart from that, where by the BDC buys these kinds of securities along with a number of other people performing alongside one another, one of the other folks during the team will make offered these kinds of managerial help.
Following any calendar month wherein Readily available Working Cash (as outlined under) exceed the cumulative distributions accrued to the Company’s shareholders depending on distributions declared with respect to history dates taking place in these calendar month (the quantity of these types of extra staying hereinafter known as “Surplus Functioning Funds”), we shall shell out such Extra Running Funds, or possibly a part thereof, to the Adviser until finally these types of time as all Expense Payments made by the Adviser to the business in just a few many years just before the final business enterprise day of this kind of calendar month are already reimbursed.
California delivers numerous exemptions. They are available by about to California’s estate recovery Web-site.
The amount of the reimbursement payable towards the Administrator will be the lesser of (1) the Administrator’s genuine prices incurred in furnishing this kind of solutions and (2) the amount that we estimate we would be necessary to fork out alternate provider vendors for comparable products and services in a similar geographic location. The Administrator is going to be required to allocate the cost of these types of services to us based upon variables including belongings, revenues, time allocations and/or other acceptable metrics.
Powerful January seven, 2022, the Company experienced a contractual obligation to acquire all property less than the ability Settlement through forward purchase arrangement on or right before September 30, 2022. The mark-to-industry acquire/loss of all investments held via the Financing Company, Along with other economic rights and obligations held by the corporation, are recognized in the organization’s consolidated fiscal statements.
Particular of our portfolio companies’ enterprises may very well be adversely impacted by the effects of health and fitness pandemics or epidemics, including the ongoing COVID-19 pandemic, that has had, and may go on to own, a unfavorable influence on our and our portfolio mezzanine debt lenders firms’ companies and functions.