Aaron J. Efta

Representative Matters

Marketplace Lending

• Counsel to issuer in connection with a $300 million securitization of marketplace loans with multiple sponsors.
• Counsel to fund in purchase of marketplace loans from a broad spectrum of platforms in connection with creation of 40 Act fund.
• Counsel to online consumer lending platform in working capital financing obtained from a non-bank lender.
• Counsel to numerous banks in connection with term loans and warehouse lines of credit extended to funds to finance consumer marketplace loans purchased by fund from marketplace lending platforms.

Equipment and Lease Finance

• Counsel to joint issuers in connection with a $400 million cross-border securitization of railcar leases and equipment.
• Counsel to issuer in connection with a $330 million securitization of railcar leases and equipment.
• Counsel to issuer in connection with a $500 million warehouse securitization of railcar leases and equipment.
• Counsel to issuer in connection with a $150 million term loan to a syndicate of lenders backed by specific railcar leases and equipment.
• Counsel to agents, conduits, and lenders in connection with numerous revolving warehouse facilities for equipment lessors.

Structured Finance Transactions

• US counsel to bank sponsor in the acquisition of over $20 billion of ABCP securitization transactions.
• Represented banks and commercial paper conduits sponsored by banks in connection with numerous trade receivable securitizations.
• $750 million securitization of dealer floorplan receivables originated by one of the largest automobile manufacturers—representation of commercial paper conduits, agent, and committed purchasers.
• Counsel to lending group in connection with structured finance credit facility backed by merchant cash advance loans.

Real Estate

• Counsel to agent bank on $73 million credit facilities to a funeral home operator secured by mortgages on more than 200 funeral homes across more than 30 states.
• Counsel to bank on $15 million credit facilities to an oil drilling part manufacturer secured by both US and Canadian assets including personal mortgages and guaranties.
• Representation of not-for-profit corporation in issuance of non-recourse certificates purchased by over 20 banks and financial institutions secured by, among other things, mortgage loans originated by such corporation.
• Counsel to bank in connection with an unsecured line of credit to REIT.

Asset-Based, Cash Flow, and Syndicated Lending

• Counsel to agent bank on $125 million syndicated multi-borrower credit facilities to an agribusiness manufacturer and food distributor secured by various real estate holdings and the assets of over 20 companies.
• Counsel to agent bank on $25 million syndicated credit facilities to provider of residential treatment centers, alternative education programs, and other health care and educational services.
• Counsel to agent bank on $23 million syndicated credit facilities to finance acquisition of dental office operator and provide working capital for various dental offices.
• Counsel to agent bank on $85 million syndicated credit facilities to major international housewares and furniture retailer.
• Counsel to agent and lenders in syndicated secured and unsecured credit facilities to various construction and engineering companies.
• Counsel to agent bank on $25 million multi-borrower credit facility to litigation settlement financing company.

Private Credit and Fund Financings

• Counsel to agent and lenders in securitizations of mid-market and syndicated loan portfolio in parallel on-shore and off-shore facilities.
• Counsel to agent bank on syndicated securitization of BDC loan portfolio.
• Counsel to lenders in securitizations of mid-market loan portfolios.
• Counsel to agent bank on syndicated securitization of a health care and life sciences loan portfolio.
• Counsel to lenders in securitization of health care receivable-backed ABL loans.
• Counsel to the bank issuer in a $1 billion securitization of its high-grade loan portfolio.
• Counsel to agent bank in securitization of bridge-to-HUD portfolio.

Cross-Border Financings

• Local counsel to various Canadian, European, and other foreign banks in connection with US security and other issues arising in connection with cross-border acquisition financings, asset-based lending, cash flow lending, and securitization transactions.

Admitted

Illinois, 2004

Education

University of Michigan Law School, J.D., 2004

Montana State University, B.S., Business Finance, highest honors, 2001