Marathon's Structured Finance business is comprised of three sub-businesses: Asset Based Lending, Real Estate Finance and Structured Debt Transactions. Asset Based Lending and Real Estate Finance involve the origination and the purchase of loans and leases, which are secured by specific assets that may be purchased on a one-off basis or in bulk purchases that ultimately may be securitized. Many of these assets are stressed or distressed, while many others have stabilized cash flow and are performing assets. In addition, many of the assets purchased by the Structured Finance business are non-investment grade or carry no credit rating at all.

The Asset Based Lending and Real Estate Finance teams specialize in customized funding solutions in the areas of real estate, equipment leasing and structured finance and provide a wide range of products including:

• Senior Loans
• Mezzanine Loans
• Cash-out Mezzanine Loans
• Preferred Equity
• Investment Grade Single Tenant Lease Financing
• Non-Investment Grade Single Tenant Lease Financing
• Leases and Loans on a wide variety of equipment and asset types
• Financing for unique pools of commercial and consumer assets

Real estate loans are secured by first mortgages or an assignment of the borrower's ownership entity. Real Estate Finance entails originating and purchasing loans. All loans will be secured by specific collateral. The loans may or may not be securitized. Marathon's expertise in real estate finance allows it to act very quickly to take advantage of prevailing conditions existing in the marketplace.