Specialty lender forms some special bonds.Tammac Holdings Corporation, a specialty finance company focused on the manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected industry, announced that it has formed a strategic financial relationship with equity investors LLR LLR Lunar Laser Ranging LLR Log-Likelihood Ratio LLR Loan Loss Reserve LLR Low Level Radiation LLR Looks Like Rain (song) LLR Local Linear Regression LLR Lessons Learned Report LLR Load-Limiting Resistor Partners Inc. and Greenhill Capital Partners, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , and lenders RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) Greenwich Capital and Textron Financial. These new relationships provide expanded borrowing capacity to facilitate aggressive growth of its dealer network and increased origination volume of consumer loans. Tammac's increased access to capital from leading industry lenders will allow the company to include a greater number of qualified dealers within the Northeast, Mid-Atlantic and Mid-Western United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. in its floor plan financing program. Tammac's dealers will also benefit from the insight and experience of the company's strategic relationships in order to better support dealer growth and implement industry best practices. Tammac's growing dealer network and increasing origination volume, combined with its stringent credit standards Credit Standards The guidelines a company follows to determine whether a credit applicant is creditworthy. and market niche, have positioned the company as one of the leaders in the manufactured housing finance industry. Robert Tambur, chairman and founder of Tammac, noted, "We are thrilled to partner with LLR and Greenhill as we take our business to the next level. "Their demonstrated expertise in supporting growth companies and extensive resources will be instrumental in helping Tammac achieve its aggressive growth objectives." "Tammac has consistently managed to attract a high credit quality customer base," said Mitchell Hollin, a partner at LLR. "We believe that Tammac will be able to leverage its increased access to capital to successfully grow its dealer network and originations volume." Robert H. Niehaus, chairman of Greenhill Capital Partners, added, "Several large manufactured housing finance companies have exited the business over the last few years due to significant credit losses resulting from poor underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. policies. "Tammac has successfully been providing financing to the manufactured housing industry for more than 25 years. We are delighted to become partners with Bob Tambur and his strong management team." |
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