TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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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
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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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
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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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
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
January 7, 2025
Source: Briar Capital Real Estate Fund
Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $2.2MM commercial real estate loan in Atlanta, Georgia to a steel framing manufacturing company. The Briar loan helped exercise a real estate purchase option under a sale leaseback transaction that occurred because of a previous bankruptcy filing and subsequent.
Introduced to this prospect initially in 2019 then again in 2021 and 2024, Briar Capital Real Estate Fund stayed in touch and stepped in quickly when called upon to underwrite and close the transaction to meet an ambitious year-end deadline. Rather than base its loan on the purchase option negotiated years earlier, Briar Capital used the current market value of the property thereby generating additional liquidity that was used for working capital and to limit out-of-pocket closing costs for the company.
Jeff Appleton, Briar Capital’s EVP for National Business Development who sourced the transaction said, “I met the owner 4 years ago and continually stayed in touch. They were finally able to get their footing back after experiencing an industry downturn, supply chain issues and Covid. I am pleased that Briar has become the go-to lender in the commercial finance industry for unique real estate lending opportunities such as this and I doubt many other lenders would have had the ability to get their arms around this transaction as quickly as we did. Many thanks to Briar Capital’s stellar underwriter, closer and CFO, Leah Goldberg who spearheaded the closing and worked diligently to get this opportunity across the finish line by year-end in a little over 2 weeks.”
With its sole focus on real estate lending, Briar Capital Real Estate Fund is a trusted lending partner to both the asset-based lending and banking communities. Offering loans nationwide and up to $15MM, Briar Capital provides cash flow friendly, asset-based real estate lending facilitates at the lowest non-bank interest rates in the industry.