First Amendment To Amended And Restated Revolving Credit and Term Loan Agreement
Exhibit
10.1
First
Amendment To Amended And Restated Revolving
Credit
and Term Loan Agreement
This
FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT
(this “First Amendment”) is entered into as of August 7, 2007,
among: Centerline Holding Company (f/k/a CharterMac) and Centerline
Capital Group Inc. (f/k/a Charter Mac Corporation) (collectively, the
“Borrowers”); those Persons listed as Guarantors on Schedule 1 hereto
(each, a “Guarantor,” and, collectively, the “Guarantors”); those Lenders
constituting the Required Lenders, each as set forth on a counterpart signature
page hereto, substantially in the form of Schedule 2 hereto (the
“Required Lenders”); and Bank of America, N.A., as Swingline Lender, Issuing
Bank and Administrative Agent for the Lenders (in such capacity, the
“Administrative Agent”).
RECITALS
Reference
is made to the following facts that constitute the background of this First
Amendment:
A. The
parties hereto, among others, have entered into that certain Amended and
Restated Revolving Credit and Term Loan Agreement, dated as of August 24, 2006
(as further amended and/or restated from time to time, the “Loan
Agreement”). Capitalized terms used herein and not otherwise defined
herein shall have the same meanings herein as ascribed to them in the Loan
Agreement;
B. The
Borrowers have requested that the Administrative Agent and the Required Lenders
amend certain financial covenants contained in the Loan Agreement and make
certain other changes to the Loan Agreement ; and
C. The
Administrative Agent and the Required Lenders, in accordance with the terms
of
Section 23.1 of the Loan Agreement, are willing to grant such requests, solely
upon the terms and conditions set forth in this First Amendment.
NOW,
THEREFORE, in consideration of the foregoing recitals and of the
representations, warranties, covenants and conditions set forth herein and
in
the Loan Agreement, and for other valuable consideration the receipt and
adequacy of which is hereby acknowledged, the parties hereto agree as
follows:
Section
1. The Loan Agreement is
hereby amended as follows:
Section
1.1. Amendment to parties to Loan
Agreement. As of February 9, 2007, the names of certain of the
entities that are parties to, or mentioned in, the Loan Agreement, are hereby
replaced with the new names for such entities that appear next to such names
in
Schedule 3, attached hereto.
Section
1.2. Amendment to Definition of
CAD. The definition of “CAD” in Section 1.1 of the Loan Agreement
is hereby amended by adding the following sentence at the end of such
definition:
“For
each
four Fiscal Quarter period ending on or before June 30, 2008, there shall be
added to CAD (solely to the extent any such addition has not already been
reflected in the calculation of CAD as set forth in CHC’s Filings for such four
Fiscal Quarter Period) an amount equal to the principal amount of Supplemental
Loans reflected in CHC’s Filings as having become, or otherwise determined by
CHC (in accordance with its past practices) to have
become, impaired between January 1, 2007 through September
30, 2007, but solely to the extent that such Supplemental Loans remain impaired
for such four Fiscal Quarter period.”
Section
1.3. Amendment to Definition of 4.4% Convertible
CRA Shares. The definition of “4.4% Convertible CRA Shares” in
Section 1.1 of the Loan Agreement is hereby amended by deleting it in its
entirety and replacing it with the following:
“4.4%
Convertible CRA
Shares. CHC’s 4.4% Convertible Community Reinvestment Act
Preferred Shares described in CHC’s Filings as filed with the SEC from time to
time, and any and all shares of capital stock of CHC with similar
characteristics and terms, including, without limitation, such shares that
possess different dividend rates.”
Section
1.4. Addition of Definition of Supplemental
Loans. Section 1.1 of the Loan Agreement is hereby amended by
adding the following definition in the appropriate alphabetical
order:
“Supplemental
Loans. Loans made, from time to time, by CHC or an Affiliate
thereof to Persons engaged in the construction or rehabilitation of multi-family
affordable housing projects intended to qualify for federal low income housing
tax credits pursuant to Section 42 of the Code for construction or other
operating costs, so long as one of the following applies to each of such
projects: (i) CHC or an Affiliate thereof has sponsored the
syndication of the low income housing tax credit equity associated with such
project; or (ii) the returns to investors in the low income housing tax credit
equity associated with such project have been guaranteed and such guaranty
is
directly or indirectly supported by the assets of CHC or an Affiliate
thereof.”
Section
1.5. Amendment to Section
2.5. Section 2.5 of the Loan Agreement is hereby amended by
replacing the phrase “on no more than two occasions” with the phrase “on no more
than three occasions,” and in furtherance of such amendment, following the date
of this First Amendment, the Borrowers shall have the right to exercise up
to
two more times the Accordion Option pursuant to which they may increase the
Total Credit Amount by an additional $75,000,000, and the Borrowers’ rights to
exercise the Accordion Option for a second or third time under Section 2.5
of
the Loan Agreement shall expire on the second anniversary of the Loan
Agreement.
Section
1.6. Amendment to Section
10.6. Section 10.6 of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following:
“10.6 Distributions
Prior to
Default. CHC shall make no Distributions so as to cause
the aggregate Distributions made by CHC, during the one year period ending
on
the date of the most recent Distribution, to exceed CHC’s CAD for the four
Fiscal
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Quarter
periods most recently ended, except that such aggregate Distributions may be
less than or equal to the percentages set forth below during the time periods
set forth below:
|
Measurement
Period:
|
Percentage
of CAD:
|
|
the
four Fiscal Quarter period ending on September 30, 2007
|
135%
|
|
the
four Fiscal Quarter periods ending on December 31, 2007 and March
31,
2008
|
115%
|
|
the
four Fiscal Quarter period ending on June 30, 2008
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105%
|
provided,
however, that portions of the Distributions in an aggregate amount of
$51,500,000 in excess of CAD made by CHC on or before July 3, 2007 in connection
with CHC’s equity buy back program described in CHC’s filings as of the date
hereof may be disregarded for each of the four Fiscal Quarter periods ending
on
or before September 30, 2008, but only to the extent that such portions were
actually made during such four Fiscal Quarter period. The Borrowers
and the Guarantors hereby covenant and agree that they shall not make, permit
or
suffer any further buy backs of CHC’s equity until after September 30, 2008;
and, from and after October 1, 2008, such buy backs may be made solely in
accordance with the terms of, and to the extent permitted by, the Loan Agreement
and the other Loan Documents.”
Section
1.7. Amendment to Section 10.15. Section
10.15 of the Loan Agreement is hereby amended by deleting it in its entirety
and
replacing it with the following:
“10.15 Adjusted
CAD to Fixed Charges Ratio. CHC shall maintain a ratio
of Adjusted CAD to Fixed Charges as follows for the following
periods:
|
Measurement
Period:
|
Adjusted
CAD to Fixed Charges Ratio:
|
|
the
four Fiscal Quarter period ending on September 30, 2007
|
equal
to or greater than 2.00 to 1.00
|
|
the
four Fiscal Quarter periods ending on December 31, 2007 and March
31,
2008
|
equal
to or greater than 2.25 to 1.00
|
|
each
four Fiscal Quarter period ending on or after June 30, 2008
|
equal
to or greater than 2.75 to 1.00”
|
Section
1.8. Amendment to Section 10.16. Section
10.16 of the Loan Agreement is hereby amended by deleting it in its entirety
and
replacing it with the following:
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“10.16. Minimum
CAD. CHC shall maintain CAD as follows for the following
periods:
|
Measurement
Period:
|
CAD:
|
|
the
four Fiscal Quarter period ending on September 30, 2007
|
equal
to or greater than $75,000,000
|
|
the
four Fiscal Quarter periods ending on December 31, 2007 and March
31,
2008
|
equal
to or greater than $90,000,000
|
|
the
four Fiscal Quarter period ending on June 30, 2008
|
equal
to or greater than $105,000,000
|
|
the
four Fiscal Quarter periods ending on September 30, 2008, December
31,
2008 and March 31, 2009
|
equal
to or greater than $110,000,000
|
|
each
four Fiscal Quarter period ending thereafter
|
equal
to or greater than $120,000,000”
|
Section
1.9. Amendment to Section 10.17. Section
10.17 of the Loan Agreement is hereby amended by deleting it in its entirety
and
replacing it with the following:
“10.17. Funded
Debt to Adjusted CAD Ratio. CHC shall
maintain a ratio of Funded Debt to Adjusted CAD as follows:
|
Measurement
Period:
|
Funded
Debt to Adjusted CAD Ratio:
|
|
the
four Fiscal Quarter period ending on June 30, 2007
|
equal
to or less than 4.25 to 1.00
|
|
the
four Fiscal Quarter period ending on September 30, 2007
|
equal
to or less than 5.75 to 1.00
|
|
the
four Fiscal Quarter period ending on December 31, 2007
|
equal
to or less than 4.75 to 1.00
|
|
the
four Fiscal Quarter period ending on March 31, 2008
|
equal
to or less than 4.25 to 1.00
|
|
each
four Fiscal Quarter period ending on or after June 30, 2008
|
equal
to or less than 4.00 to 1.00”
|
Section
1.10. Amendment to Schedule 10.3.1. Item
#1 from Schedule 10.3.1 of the Loan Agreement is hereby amended by
deleting it in its entirety and replacing it with the following:
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“1. CMCC Mortgage Warehouse Line.”
Section
1.11. Amendment to Schedule
8.5.4. Schedule 8.5.4 of the Loan Agreement is hereby
amended by adding a new Item #7 in the correct numerical position, which shall
read as follows:
|
|
“7. CHC
may issue, from time to time, additional shares of CHC common stock
or any
additional number of 4.4% Convertible CRA Shares, which are convertible
into additional shares of CHC common
stock.
|
Section
2. Equity Buy Backs Prior to September 30,
2008. Notwithstanding Section 1.6 of this First Amendment, in the
event that CHC duly delivers to the Administrative Agent a Compliance
Certificate with respect to any Fiscal Quarter ending on or after September
30,
2007 evidencing full compliance with Sections 10.14 through 10.17 of the Loan
Agreement as in effect prior to the date hereof, and provided that there is
not
then outstanding any Default, then, from and after the delivery of such
Compliance Certificate, Sections 1.6 through 1.9 of this First Amendment shall
be of no force or effect and Sections 10.14 through 10.17 of the Loan Agreement,
as in effect prior to the date hereof, shall be reinstated and shall be fully
binding upon the Borrowers and Guarantors as if Sections 1.6 through 1.9 of
this
First Amendment had not been set forth herein, and Section 10.6 of the Loan
Agreement shall be further amended by deleting it in its entirety and replacing
it with the following:
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|
"10.6
Distributions Prior to
Default. CHC shall make no
distributions so as to cause the aggregate Distributions made by
CHC,
during the one year period ending on the date of the most recent
Distribution, to exceed CHC’s CAD for the four consecutive Fiscal Quarter
period most recently ended; provided, however, that portions
of the Distributions in an aggregate amount of $51,500,000 in excess
of
CAD made by CHC on or before July 3, 2007 in connection with CHC’s equity
buy back program described in CHC’s filings as of the date hereof may be
disregarded for each of the four Fiscal Quarter periods ending on
or
before September 30, 2008, but only to the extent that such portions
were
actually made during such four Fiscal Quarter
period.”
|
Section
3. Acknowledgement, Consent or Waiver. The
Required Lenders, to the extent applicable, hereby acknowledge or consent to
the
following, and waive any Default otherwise arising out of the
following:
Section
3.1. The term “Permitted Businesses” as defined in, and/or
for purposes of, Section 10.12 of the Loan Agreement shall include CHC’s
origination and acquisition of corporate loans in the primary and secondary
markets, both on balance sheet and in fund format, with the anticipated use
of
so-called collateralized loan obligation (“CLO”) securitizations and other
facilities to lever CHC’s portfolio of such corporate loans.
Section
4. Commitment Fee. In consideration
of the execution and delivery of this Amendment, the Borrowers agree to pay
a
commitment fee to the Administrative Agent on the date hereof, for the ratable
benefit of each Required Lender that agrees to the terms of this
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Amendment
by executing a signature page substantially in the form of Schedule 2
hereto on or before August 7, 2007, in the amount of 0.075% of each such
Required Lenders’ Commitment, which shall be deemed fully-earned and
non-refundable simultaneously with the execution and delivery of this Amendment
(the “Commitment Fee”). The Commitment Fee shall be remitted by the
Agent to the Required Lenders (including itself as a Required Lender) in
accordance with their respective Commitment Percentages.
Section
5. Representations and Warranties. The
Borrowers and Guarantors, jointly and severally, represent and warrant to the
Lenders, the Swingline Lender, the Issuing Bank and the Administrative Agent
as
of the date of this First Amendment that, assuming the due execution and
delivery of this First Amendment: (a) no Default is in existence from and after,
or will result from, the execution and delivery of this First Amendment, or
the
consummation of any transactions contemplated hereby; (b) each of the
representations and warranties of the Borrowers and the Guarantors in the Loan
Agreement and the other Loan Documents is true and correct in all material
respects on the effective date of this First Amendment (except for
representations and warranties limited as to time or with respect to a specific
event, which representations and warranties shall continue to be limited to
such
time or event); and (c) this First Amendment and the Loan Agreement are legal,
valid and binding agreements of the Borrowers and the Guarantors and are
enforceable against them in accordance with their terms.
Section
6. Ratification. Except as hereby amended
or waived, the Loan Agreement, all other Loan Documents and each provision
thereof are hereby ratified and confirmed in every respect and shall continue
in
full force and effect, and this First Amendment shall not be, and shall not
be
deemed to be, a waiver of any Default or of any covenant, term or provision
of
the Loan Agreement or the other Loan Documents. In furtherance of the
foregoing ratification, by executing this First Amendment in the spaces provided
below, each of the Guarantors, on a joint and several basis, hereby absolutely
and unconditionally (a) reaffirms its obligations under the Guaranties, and
(b)
absolutely and unconditionally consents to (i) the execution and delivery by
the
Borrowers of this First Amendment, (ii) the continued implementation and
consummation of arrangements and transactions contemplated by the Loan Agreement
(including, without limitation, as amended or waived hereby) and the other
Loan
Documents, and (iii) the performance and observance by each Borrower and each
Guarantor of all of its respective agreements, covenants, duties and obligations
under the Loan Agreement (including, without limitation, as amended or waived
hereby) and the other Loan Documents.
Section
7. Conditions Precedent. The agreements
set forth in this First Amendment are conditional and this First Amendment
shall
not be effective until receipt by the Administrative Agent of a fully-executed
counterpart original of this First Amendment.
Section
8. Counterparts. This First Amendment
may be executed and delivered in any number of counterparts with the same effect
as if the signatures on each counterpart were upon the same
instrument.
Section
9. First Amendment as Credit
Document. Each party hereto agrees and acknowledges that this
First Amendment constitutes a “Loan Document” under and as defined in the Loan
Agreement.
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Section
10. GOVERNING LAW. THIS FIRST AMENDMENT
SHALL BE DEEMED TO CONSTITUTE A CONTRACT MADE UNDER THE LAWS OF THE STATE OF
NEW
YORK, INCLUDING ARTICLE 5 OF THE UCC, AND SHALL BE GOVERNED BY AND CONSTRUED
IN
ACCORDANCE WITH THE INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING SECTION
5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW, BUT OTHERWISE WITHOUT REGARD
TO ITS CONFLICTS OF LAW RULES).
Section
11. Successors and Assigns. This First
Amendment shall be binding upon each of the Borrowers, the Guarantors, the
Lenders, the Swingline Lender, the Issuing Bank, the Administrative Agent,
the
Agents and their respective successors and assigns, and shall inure to the
benefit of each such Person and their permitted successors and
assigns.
Section
12. Headings. Section headings in this
First Amendment are included herein for convenience of reference only and shall
not constitute a part of this First Amendment for any other
purpose.
Section
13. Expenses. Each Borrower jointly and
severally agrees to promptly reimburse the Administrative Agent and the
Arrangers for all expenses, including, without limitation, reasonable fees
and
expenses of outside legal counsel, such Person has heretofore or hereafter
incurred or incurs in connection with the preparation, negotiation and execution
of this First Amendment and all other instruments, documents and agreements
executed and delivered in connection with this First Amendment.
Section
14. Integration. This First Amendment
contains the entire understanding of the parties hereto and with any other
Lenders and parties to the Loan Agreement with regard to the subject matter
contained herein. This First Amendment supersedes all prior or
contemporaneous negotiations, promises, covenants, agreements and
representations of every nature whatsoever with respect to the matters referred
to in this First Amendment, all of which have become merged and finally
integrated into this First Amendment. Each of the parties hereto
understands that in the event of any subsequent litigation, controversy or
dispute concerning any of the terms, conditions or provisions of this First
Amendment, no party shall be entitled to offer or introduce into evidence any
oral promises or oral agreements between the parties relating to the subject
matter of this First Amendment not included or referred to herein and not
reflected by a writing included or referred to herein.
Section
15. No Course of Dealing. The
Administrative Agent, the Agents and the Required Lenders have entered into
this
First Amendment on the express understanding with each Borrower and Guarantor
that in entering into this First Amendment the Administrative Agent, the Agents
and the Lenders are not establishing any course of dealing with the Borrowers
or
the Guarantors. The Administrative Agent’s, the Agents’ and the
Lenders’ rights to require strict performance with all of the terms and
conditions of the Loan Agreement and the other Loan Documents shall not in
any
way be impaired by the execution of this First Amendment. None of the
Administrative Agent, the Agents or the Lenders shall be obligated in
any manner to execute any further amendments or waivers and, if such waivers
amendments are requested in the future, assuming the terms and conditions
thereof are satisfactory to them, the Administrative Agent, the Agents and
the
Lenders may require the payment of fees in connection therewith.
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Each
of
the Borrowers and the Guarantors agrees that none of the ratifications and
reaffirmations set forth herein, nor the Administrative Agent’s, the Agents’ nor
any Lender’s solicitation of such ratifications and reaffirmations, constitutes
a course of dealing giving rise to any obligation or condition requiring a
similar or any other ratification or reaffirmation from the Borrowers or the
Guarantors with respect to any subsequent modification, consent or waiver with
respect to the Loan Agreement or any other Loan Document.
Section
16. Jury Trial Waiver. THE BORROWERS,
GUARANTORS, ADMINISTRATIVE AGENT, AGENTS AND LENDERS BY ACCEPTANCE OF THIS
FIRST
AMENDMENT MUTUALLY HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVE THE
RIGHT TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, ARISING
OUT
OF, UNDER OR IN CONNECTION WITH THIS FIRST AMENDMENT, THE LOAN AGREEMENT, OR
ANY
OTHER LOAN DOCUMENTS CONTEMPLATED TO BE EXECUTED IN CONNECTION HEREWITH, OR
ANY
COURSE OF CONDUCT, COURSE OF DEALINGS, STATEMENTS (WHETHER VERBAL OR WRITTEN)
OR
ACTIONS OF ANY PARTY, INCLUDING, WITHOUT LIMITATION, ANY COURSE OF CONDUCT,
COURSE OF DEALINGS, STATEMENTS OR ACTIONS OF ANY AGENT OR ANY LENDER RELATING
TO
THE ADMINISTRATION OF THE LOAN OR ENFORCEMENT OF THE LOAN DOCUMENTS, ARISING
OUT
OF TORT, CONTRACT OR ANY OTHER LAW, AND AGREE THAT NO PARTY WILL SEEK TO
CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL CANNOT
BE OR HAS NOT BEEN WAIVED.
[Remainder
of page intentionally left blank; signature pages
follow]
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IN
WITNESS WHEREOF, the parties have caused this First Amendment to be duly
executed by their duly authorized officers or representatives, all as of the
date first above written.
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BORROWERS:
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|||
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By:
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/s/ Xxxxxx X. Xxxx | |
| Name: Xxxxxx X. Xxxx | |||
| Title: Chief Financial Officer | |||
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CENTERLINE
CAPITAL GROUP INC.
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||
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By:
|
/s/ Xxxxxx X. Xxxx | |
| Name: Xxxxxx X. Xxxx | |||
| Title: Vice President | |||
(Signatures
continued on next page)
S-Borrowers
Signature
page to First Amendment to Amended and Restated Revolving Credit and
Term Loan
Agreement
|
GUARANTORS:
|
CENTERLINE
CAPITAL COMPANY LLC
|
||
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By:
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/s/ Xxxxxx X. Xxxx | |
| Name: Xxxxxx X. Xxxx | |||
| Title: Secretary | |||
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CENTERLINE
AFFORDABLE HOUSING ADVISORS LLC
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||
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By:
|
/s/ Xxxx X. Xxxxxxxxx | |
| Name: Xxxx X. Xxxxxxxxx | |||
| Title: Chief Executive Officer | |||
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CENTERLINE/AC
INVESTORS LLC
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||
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By:
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/s/ Xxxx X. Xxxxxxxxx | |
| Name: Xxxx X. Xxxxxxxxx | |||
| Title: Chief Executive Officer | |||
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CENTERLINE
HOLDING TRUST
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||
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By:
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/s/ Xxxx X. Xxxxxxxxx | |
| Name: Xxxx X. Xxxxxxxxx | |||
| Title: Chief Executive Officer | |||
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CENTERLINE
HOLDING TRUST II
|
||
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By:
|
/s/ Xxxx X. Xxxxxxxxx | |
| Name: Xxxx X. Xxxxxxxxx | |||
| Title: Managing Trustee | |||
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CENTERLINE
INVESTORS I LLC
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||
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By:
|
/s/ Xxxx X. Xxxxxxxxx | |
| Name: Xxxx X. Xxxxxxxxx | |||
| Title: | |||
(Signatures
continued on next page)
S-Guarantors
Signature
page to First Amendment to Amended and Restated Revolving Credit and
Term Loan
Agreement
|
GUARANTORS
(CONT.):
|
CENTERLINE
REIT INC.
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||
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By:
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/s/ Xxxxx X. Xxxxxxx | |
| Name: Xxxxx X. Xxxxxxx | |||
| Title: Chief Executive Officer | |||
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CENTERLINE
SERVICING INC.
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||
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By:
|
/s/ Xxxx Xxxxx | |
| Name: Xxxx Xxxxx | |||
| Title: President & COO | |||
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CENTERLINE
FINANCE CORPORATION
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||
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By:
|
/s/ Xxxx Xxxxx | |
| Name: Xxxx Xxxxx | |||
| Title: President & COO | |||
(Signatures
continued on next page)
S-Guarantors
Signature
page to First Amendment to Amended and Restated Revolving Credit and
Term Loan
Agreement
| ADMINISTRATIVE AGENT, SWINGLINE LENDER and ISSUING BANK: | |||
|
|
BANK
OF AMERICA, N.A.
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By:
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||
| Name: | |||
| Title: | |||
S-Administrative
Agent/Swingline Lender/Issuing Bank
Signature
page to First Amendment to Amended and Restated Revolving Credit and
Term Loan
Agreement
Schedule
1
Guarantors
Centerline
Capital Company LLC (f/k/a CharterMac Capital Company, LLC)
Centerline
Affordable Housing Advisors LLC (f/k/a CharterMac Capital LLC)
Centerline/AC
Investors LLC (f/k/a CM ARCap Investors LLC)
Centerline
Holding Trust (f/k/a CM Holding Trust)
Centerline
Holding Trust II (f/k/a CM Holding Trust II)
Centerline
Investors I LLC (f/k/a ARCap Investors, L.L.C.)
Centerline
REIT Inc. (f/k/a ARCap REIT, Inc.)
Centerline
Servicing Inc. (f/k/a ARCap Servicing, Inc.)
Centerline
Finance Corporation (f/k/a ARCap Finance Corporation)
Schedule
2
Form
of Signature Page for Lenders included in Required Lenders for purposes of
approving FIRST AMENDMENT TO AMENDED AND RESTATED REVOLVING CREDIT
AND TERM LOAN AGREEMENT:
The
undersigned hereby evidences its agreement to the terms of the FIRST AMENDMENT
TO AMENDED AND RESTATED REVOLVING CREDIT AND TERM LOAN AGREEMENT, and the
consummation of the transactions contemplated thereby,
|
[Name
of Lender]
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Date
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By:
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||
| Name: | |||
| Title: | |||
Representing
_____% of all Term Loans outstanding, all Revolving Exposure, unused Revolving
Loan Commitments and unused Term Loan Commitments
Schedule
3
Entities Renamed
as of February 9, 2007
| Name | New Name |
|
CharterMac
|
|
|
Charter
Mac Corporation
|
Centerline
Capital Group Inc.
|
|
CharterMac
Capital Company, LLC
|
Centerline
Capital Company LLC
|
|
CharterMac
Capital LLC
|
Centerline
Affordable Housing Advisors LLC
|
|
CM
ARCap Investors LLC
|
Centerline/AC
Investors LLC
|
|
CM
Holding Trust
|
Centerline
Holding Trust
|
|
CM
Holding Trust II
|
Centerline
Holding Trust II
|
|
ARCap
Investors, L.L.C.
|
Centerline
Investors I LLC
|
|
ARCap
REIT, Inc.
|
Centerline
REIT Inc.
|
|
ARCap
Servicing, Inc.
|
Centerline
Servicing Inc
|
|
ARCap
Finance Corporation
|
Centerline
Finance Corporation
|
|
CharterMac
Mortgage Capital Corporation
|
Centerline
Mortgage Capital Inc.
|
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CharterMac
Residual Holder LLC
|
Centerline
Residual Holder LLC
|
|
Centerbrook
Financial LLC
|
Centerline
Financial LLC
|
|
Charter
Mac Equity Issuer Trust
|
Centerline
Equity Issuer Trust
|
|
ARCap
Servicing, Inc.
|
Centerline
Servicing Inc.
|
|
ARCap
Finance Corporation
|
Centerline
Finance Corporation
|
|
|
