Sky Bank Letter Confirming Warehouse Line of Credit for Tribeca Lending Corporation

Contract Categories: Business Finance › Credit Agreements
Summary

This letter from Sky Bank to Tribeca Lending Corporation confirms the approval of a warehouse line of credit currently set at $40 million, with an increase to $60 million effective May 1, 2005. As of March 24, 2005, $16,216,775 of the line is in use. The line is in good standing and will be reviewed again on or before its maturity date of April 30, 2006. The letter is signed by a Vice President of Sky Bank and serves as official notice of the credit arrangement.

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EX-10.4 4 y07373exv10w4.txt LETTER EXHIBIT 10.4 [SKY BANK LOGO] Tribeca Lending Corporation Attn: Joseph Caiazzo 6 Harrison Street New York, NY 10013 March 24, 2005 Dear Joe, In regards to Tribeca Lending Corporation, please find attached the information for the Tribeca Lending Corporation's Warehouse Line of Credit. The line is currently approved for $40MM and will be approved to be increased to $60MM on May 1, 2005. This line is in good standing at Sky Bank and will be reviewed again on or before the maturity date of April 30, 2006. Amount of Commitment: $40,000,000.00 Amount currently in use: $16,216,775.00 as of 3/24/05 Please feel free to call with further questions. Sincerely, Jerry S. Sutherin Vice President, Specialty Lending Group Sky Bank