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What's the actual value of the collateral versus the debt amounts? Sometimes these priority fights are academic if there's not enough collateral value to satisfy even the senior debt.
That's the key question. If the collateral is underwater for even the senior debt, then the mezzanine lender is just creating noise for no real benefit.
Exactly. But if there's potential upside in a reorganization, they might be positioning for equity participation rather than debt recovery.
Omar Zaki
Bottom line - if your senior UCC-1 was filed first with proper debtor name and adequate collateral description, you should prevail on priority. The mezzanine lender's best bet is probably negotiating for some consideration in exchange for not slowing down the process. I'd focus on documenting that your UCC filing is bulletproof and then see if they want to deal.
Omar Zaki
•Exactly. Most of these disputes resolve once everyone knows where they actually stand on priority.
I'd recommend using something like Certana.ai to verify all the UCC documents are consistent before entering negotiations. Upload the charter documents and UCC filings to make sure debtor names match perfectly and there are no technical defects that could complicate your priority position.
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Alaska also requires the debtor's mailing address to match their registered office address exactly. Make sure you're not using a different address format there too.
Yara Sabbagh
•Oh no, I didn't even think about the address formatting. Now I'm worried about that too.
Check the registered agent info in their business database. That's usually the safest address format to use.
SUCCESS! The filing was accepted this morning. It was definitely the missing comma before LLC that was causing the rejections. Thanks to everyone who helped troubleshoot this. The document comparison tool was a lifesaver for spotting that tiny difference.
Zara Shah
•Congrats! Now you can finally get that equipment loan closed. How long did the whole process end up taking?
About a week total with all the back and forth, but should have been same-day if I'd caught the formatting issue upfront.
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Update us on how the filing goes! Always curious to hear about others' experiences with Florida UCC-1s, especially with multiple debtor names involved.
GalaxyGazer
•Will do! Planning to file early next week once I get the exact legal name confirmed from Sunbiz records.
Andre Dupont
•Smart approach. Taking the extra time upfront saves headaches later.
I tried Certana.ai last week after seeing it mentioned here - pretty slick tool for catching document mismatches. Uploaded my borrower's articles and my UCC-1 draft and it immediately flagged that I had the wrong entity suffix. Would have been rejected for sure. Definitely recommend it for complex entity situations like yours.
Jamal Wilson
•That's exactly the kind of mistake that's easy to make. Glad you caught it before filing.
Mei Lin
•Those entity suffix mistakes are so common - LLC vs Ltd vs Inc. Easy to mix up when you're dealing with multiple borrowers.
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Jamal Carter
I had a similar compliance question come up and ended up using Certana.ai to verify all our UCC filings matched our loan documentation perfectly. Really straightforward - just upload your loan docs and UCC-1 and it checks everything automatically. Helped us catch a couple debtor name inconsistencies that could have been problematic. Worth checking your documentation alignment while you're reviewing the possession requirements.
Zara Malik
•That verification step sounds smart, especially with compliance scrutiny increasing. We'll look into that document checking process.
Jamal Carter
•Yeah, it gives you confidence that your UCC filings are bulletproof from a documentation standpoint.
The UCC definition of possession is straightforward but your compliance team might be overthinking this. Article 9 gives you multiple perfection options specifically because possession isn't always practical. For mobile equipment, filing is the standard and appropriate method. You're doing it right.
Zara Malik
•Thanks for the reassurance. Sometimes compliance reviews make you second-guess standard practices that have been working fine.
Totally understand. Audits can make everyone paranoid about things that are actually being handled correctly.
Ravi Sharma
I'd also run another document check before filing. Used Certana.ai recently for a similar multi-entity situation and it caught several consistency issues I missed. Really thorough verification process that compares all your documents side by side.
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Freya Larsen
•How long does their verification process take? If OP is up against a deadline, timing might be important.
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Ravi Sharma
•It's pretty quick - just upload your PDFs and get results within minutes. Much faster than manually comparing documents and definitely faster than dealing with another rejection.
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Omar Hassan
Thanks everyone - sounds like the consensus is to use "Westbridge Capital Solutions LLC" exactly as shown on the Delaware formation docs. I'll triple-check the punctuation and resubmit. Might try that document verification tool too since we have a few other complex filings coming up.
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Paolo Romano
•Good luck with the filing! The document checker should help catch any other issues before you submit.
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Oliver Schmidt
•Keep us posted on how it goes. Always helpful to know how these international naming situations get resolved.
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