Corey Schwartz's (cas5) Blog

As you may already recognize, Serinova Financial is heavily involved in lending on commercial sub-prime transactions.  We do DIP financing, land loans, brownfield work and deal with complex transactions that most other lenders won't even look at.  Part of our business includes the purchase of per...

It's estimated by someone that there are over 1MM people employed directly and indirectly by the auto industry.  The big three employ 240,000 people directly.  There are 4,000 "tier 1" suppliers to the auto industry who employ an addition 950,000 people.  Unfortunately, the ripple effect of letti...

One of the primary problems I preceive in this market is that Borrowers have not recognized that there is no liquidity in the market.  That means that there is no equity, no debt, no take out money.  Nothing, zilch, nada.  Regardless of how qualified you are as a borrower, when you are offered fi...