Lam Research Corporation
Due to their specialized nature, two of the assignments had very high costs per square foot, far in excess of normal market values at the time. Some felt they could not be financed. As a result, Lam was prepared to pay cash for the facilities. Instead, LFC introduced Lam to the merits of off-balance sheet financing, allowing them to achieve the same control and tax benefits usually available only through property ownership. It also allowed Lam to retain cash instead of showing real estate on its balance sheet.
"Lund Financial was with us every step of the way -- through the education process, negotiations with the institutions and auditors, reviewing legal documents and closing the funding. I can't say enough about the personal attention and strong, experienced support that Lund Financial delivered."
-- Julia Chubb, Vice President & Treasurer