Represented FinTech company in $35-million loan facility

McGlinchey Stafford assisted a FinTech company in closing a $35-million loan facility (expansion ability to $70 million), with a syndicated group. We also prepared a complicated set of opinions, including true-sale and nonconsolidation opinions, as well as enforceability opinions in which the client’s private equity minority ownership implicated the 1940 Investment Company Act and certification of specific exemptions from the Act. We also provided significant consumer lending regulatory assistance in dealing with complex loan reps, warranties, and covenants related to FinFit’s regulatory compliance, along with working on licensing issues.