- nFusion Capital Provides $2.5 Million Line of Credit Kitu Life, Inc.
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Rosenthal Provides $1.2 Million ABL Facility to Specialty Foods Distributor, Partner Foods Group
- Gateway Trade Funding Completes 17 Stretch Finance Transactions Totaling Almost $5,000,000
- Rosenthal Closes Two Seven-Figure International Factoring Deals
Briar Capital Real Estate Fund Announces the Closing of a New $3.8MM+ Commercial Real Estate Loan to a Manufacturer of Wood Products for the Arts and Craft Industry
August 24, 2023
Source: Briar Capital Real Estate Fund
Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $3.8MM+ commercial real estate loan in Georgia to a manufacturer of wood products for the arts and craft industry.
The initial transaction was an owner buyout of a family member with a simultaneous new investor in the business. Included in the buyout agreement was an option to purchase the company’s real estate at a future date. This is where Briar Capital Real Estate Fund stepped in to help by way of an introduction via the company’s working capital lender.
Briar Capital not only funded the real estate purchase option but also included the expenses required to close and a monthly payment reserve to help ease monthly cash flow demands. Not to interfere with the incumbent lenders all asset UCC Filing on the business, Briar Capital funded the acquisition of the commercial real estate through a newly formed entity created exclusively to hold the property. In a simultaneous transaction, the referring working capital lender also agreed to increase their line to further support the operations of the business and tenant of Briar’s new borrower.
“The overall transaction helped provide the business much needed access liquidity to and position them for continued success and future growth,” said Jeff Appleton, Briar Capital’s EVP, and the originator of the transaction. “We enjoy being brought in by a working capital lender already in the transaction, it means they view us as a trusted partner.”
Leah Goldberg, Briar Capital’s CFO, who was instrumental in navigating the many challenging aspects of this closing said, “We pride ourselves on collaborating with other lenders in the capital stack and relish the opportunity to work on situations others deem too complicated.”
With its unique, singular focus on commercial real estate lending, Briar Capital Real Estate Fund has become the go to real estate financing source in the asset-based lending and commercial finance community. Using a collateral-based approach and favorable structure and pricing, Briar provides owner occupied, commercial real estate loans from $1MM to $15MM with LTV's as high as 65% and long-term amortizations. To learn more, please visit www.BriarCapital.com.
The initial transaction was an owner buyout of a family member with a simultaneous new investor in the business. Included in the buyout agreement was an option to purchase the company’s real estate at a future date. This is where Briar Capital Real Estate Fund stepped in to help by way of an introduction via the company’s working capital lender.
Briar Capital not only funded the real estate purchase option but also included the expenses required to close and a monthly payment reserve to help ease monthly cash flow demands. Not to interfere with the incumbent lenders all asset UCC Filing on the business, Briar Capital funded the acquisition of the commercial real estate through a newly formed entity created exclusively to hold the property. In a simultaneous transaction, the referring working capital lender also agreed to increase their line to further support the operations of the business and tenant of Briar’s new borrower.
“The overall transaction helped provide the business much needed access liquidity to and position them for continued success and future growth,” said Jeff Appleton, Briar Capital’s EVP, and the originator of the transaction. “We enjoy being brought in by a working capital lender already in the transaction, it means they view us as a trusted partner.”
Leah Goldberg, Briar Capital’s CFO, who was instrumental in navigating the many challenging aspects of this closing said, “We pride ourselves on collaborating with other lenders in the capital stack and relish the opportunity to work on situations others deem too complicated.”
With its unique, singular focus on commercial real estate lending, Briar Capital Real Estate Fund has become the go to real estate financing source in the asset-based lending and commercial finance community. Using a collateral-based approach and favorable structure and pricing, Briar provides owner occupied, commercial real estate loans from $1MM to $15MM with LTV's as high as 65% and long-term amortizations. To learn more, please visit www.BriarCapital.com.
