Posted September 29, 2015
Harrison Coleman Represented an Atlanta-based Bank in Closing the sale of a $25MM Portfolio of Ship Loans to a Missouri Bank
Harrison Coleman represented an Atlanta-based bank in closing the sale of a $25MM portfolio ship loans to a Missouri bank. The transaction involved negotiating the servicing-released definitive agreement and the preparation of transfer instruments including assignments of Vessel Mortgages recorded with the Office of the U.S. Coast Guard, Department of Homeland Security. This transaction was the 4th of its kind accomplished by Harrison in 2015 for this client with a combined principal balance of $100MM.