Oakwood Homes Corp., the bankrupt Greensboro, N.C.-based builder and financier of manufactured homes, has received $415 million in various lines of credit.This includes $215 million of debtor-in-possession financing from Berkshire Hathaway Inc., Greenwich Capital Financial Products Inc., and Ranch Capital LLC. The DIP includes a $75 million loan servicing advance line. In addition, the company has negotiated an agreement for continued access to its $200 million loan-purchase facility, allowing it to continue to originate as usual. An agreement has been reached with Berkshire Hathaway, its largest senior unsecured creditor, for the Warren Buffett-controlled firm to become the largest shareholder in Oakwood when it emerges from bankruptcy.
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