TSL Express Daily News
The Secured Lender
SFNet's Risk Mitigation 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 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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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
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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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March 4, 2025
Source: Briar Capital Real Estate Fund
Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a new $5.6MM commercial real estate loan in Ohio to a sheet metal component manufacturer doing business in the transportation sector.
After busting certain financial covenants in its bank lending facility, this business was introduced to Briar by a highly professional turnaround consultant based in the Midwest. Needing a more patient financing alternative than that of a bank, Briar was brought in as the real estate lender and paired with a leading asset-based lender who provided a working capital facility and an equipment term loan. The joint financing solution not only replaced the incumbent bank who was seeking an exit but provided much needed liquidity to support the company’s anticipated growth and to help satisfy multiple related party transactions.
“We enjoy collaborating with folks from the turnaround industry and love playing a role in these types of transactions. As a private lender, we are free from the regulatory oversight that banks experience which means our loans, while slightly more expensive, provide more flexibility which is tremendously valuable in turnaround situations like this,” said Jill Kirshenbaum, Briar’s SVP of Business Development who sourced the transaction.
Briar’s CFO, Leah Goldberg, who closed the transaction said, “While this one took time to negotiate with several overseas parties and work through multiple intercreditor agreements, our prior experience working with the borrowers new ABL lender helped to get this one over the finish line. This was a complicated closing and one that helps illustrate that having over 20+ years of lending experience still matters in this environment.
With its unique, singular focus on real estate lending, Briar Capital Real Estate Fund has become the go-to real estate financing source for turnaround consultants and others in the asset-based lending community. Using a collateral-based approach and the most competitive non-bank pricing around, Briar Capital provides owner-occupied commercial real estate loans from $1MM to $15MM.