TSL Express Daily News
The Secured Lender
SFNet's 40 Under 40 Awards Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
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Selecting a Technology Vendor: 3 Questions to Ask
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Why Back-Office Lending Automation Enhances Customer Satisfaction
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
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Paper Loan Files: Does Your Bank Know the True Cost?
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June 3, 2024
Source: Mountain Ridge Capital
FRISCO, Texas, June 3, 2024 /PRNewswire/ -- Mountain Ridge Capital ("MRC") is pleased to announce the closing of a $30.8 million senior secured credit facility to a midwestern-based premier manufacturer and distributor of cabinet components and wood products for the Recreational Vehicle, cabinetry, and residential kitchen & bath industries. The MRC facility was used to refinance existing senior debt and will be utilized for working capital purposes and to achieve growth/operational objectives. MRC differentiated itself from competitors by providing additional liquidity and structural flexibility.
MRC’s Jay Fabian stated, “This opportunity was a great fit for MRC in that it was consistent with our objective to provide meaningful, flexible capital solutions to good asset-intensive businesses with strong management teams. We are excited for our partnership with the borrower and are anticipating shared success in the months ahead.”
About Mountain Ridge Capital
Mountain Ridge Capital provides highly customized asset-based revolvers and term loans to middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral. Mountain Ridge targets lending to privately-held, family-owned and private equity-backed businesses requiring liquidity to support business transitions, including turnarounds, restructuring, acquisitions and changes in ownership or control. The Mountain Ridge platform was created in partnership with Arena Investors, LP (www.arenaco.com) in response to the growing demand for non-bank debt financing, which can be secured without unnecessarily slow and cumbersome bank committees, extended due diligence cycles, or lengthy legal processes. MRC offers borrowers quick turnaround times and has a team of experts that understand all types of collateral, not just traditional A/R and inventory, which results in higher advance rates and more overall liquidity as compared to many traditional bank products. See www.mountainridgecap.com for more information.
Contact:
Contact:
Mountain Ridge Capital
Jay Fabian
jay.fabian@mountainridgecap.com
Bill Drmacich – Managing Director Originations – Southeast
Bill.Drmacich@MountainRidgeCap.com
Daniel Williams – Managing Director Business Development – Northeast
Daniel.Williams@MountainRidgeCap.com
Michael Carlson – Director Business Development Rockies and West Coast
Michael.Carlson@MountainRidgeCap.com
Trevor Courtney – VP Originations Great Plains and Southwest
Trevor.Courtney@MountainRidgeCap.com
