Reliable, Experienced, Motivated

Collateral Examination & Quality of Earnings

Collateral Examination

Durkin Group recently completed a due diligence project relating to a $15 million revolving credit facility, and a $5 million cash flow term loan, secured by third party receivables for two hospital campuses. The diligence focused on calculating the net collectable value by payor class for comparison and support of the proposed advance rates by payor class. We successfully cleared the collateral issues associated with third party accounts receivable and also maintained dialogue with the lending source to provide additional support during their internal approval process.

< Back