Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing - S&P Global Ratings’ Credit Research

Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing

Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing - S&P Global Ratings’ Credit Research
Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing
Published Mar 10, 2005
725 words — Published Mar 10, 2005
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Standard&Poor's Ratings Services affirmed its 'BBB-' rating on Impact CIL Parent LLC's subordinated pass-through certificates series 2003-1 based on the adoption of amendments to the revolving member loan agreement and the limited company agreement. The amendments allows for the issuer to finance a portion of the loan purchase price through a sale of loan participation interests instead of borrowing funds from the warehouse lender, Pacific Life Insurance Co. The amendment will not have a negative affect on the credit quality of the certificates. Impact CIL Parent used the proceeds of the original financing to make an equity investment in Impact CIL LLC, a wholly owned subordinate entity. With these funds and warehouse loans from Pacific Life Insurance Co.,

  
Brief Excerpt:

RESEARCH Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing Publication date: 10-Mar-2005 Credit Profile AFFIRMED $46.000 mil. Impact CIL Parent, LLC subordinated pass through certs ser 2003-1 dtd 08/07/2003 due 08/01/2013...

  
Report Type:

Summary

Issuer
Impact CIL Parent, LLC
Sector
Public Finance
Country
United States
Region
United States
Format:
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MLA:
S&P Global Ratings’ Credit Research. "Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing" Mar 10, 2005. Alacra Store. May 18, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-Impact-CIL-Parent-LLC-CA-Housing-Affordable-Housing-427505>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: Impact CIL Parent, LLC, CA; Housing, Affordable Housing Mar 10, 2005. New York, NY: Alacra Store. Retrieved May 18, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-Impact-CIL-Parent-LLC-CA-Housing-Affordable-Housing-427505>
  
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