Richard represented various lenders, acting as maritime counsel as the lenders secured vessels as collateral on ship mortgages in the oil and gas and gaming industries. He assisted a lender in a quick close on a loan for a borrower coming out of bankruptcy. Within 10 days he had placed first-preferred ship mortgages and related security on 234 vessels registered under the flag of 5 jurisdictions, securing a $225 million USD credit facility. He also handled placing first preferred ship mortgages and related security on 57 offshore drilling vessels to secure a $200 million USD credit facility.