We worked with a Midwest based commercial real estate investors that purchases assets in urban areas that essential services to the surrounding community.
What was their challenge?
The client had a commercial mortgage with a large national bank that reached maturity and required the borrower to transition to another lender. They wanted to move to a bank where they could max out the LTV and recap some of their investment. They also want to enhance their banking experience with a lender that had a high touch customer service model.
What result did you achieve for them?
We were able to close a commercial mortgage with a regional, community focused bank willing to provide 80% LTV. The transaction allowed the client to cash out an optimal amount of proceeds.
Who’s the client?
The client is a Southwest based grower, distributor and marketer of fresh premium produce. They work with retailers nationally. Their main products are organic tomatoes, cucumbers and jalapeños.
What was their challenge?
The client felt customer service had significantly diminished from the large national bank that they worked with for decades. They wanted a better relationship with their banker, as well as a larger line to help them fulfill excess demand spurred before and during the pandemic.
What result did you achieve for them?
We were about to find them a new credit facility that allowed the next generation of the family to be the only guarantor, increased the size of their previous line and improved upon their previous draw process. The mid-sized regional bank that closed the deal understands PACA impacts to the business and positions the client to meet high growth and seasonal industry needs.
Produce Grower and Distributor
LINE OF CREDIT
2021
REGIONAL BANK
$8,000,000
SOUTHWESTERN REGION
Ecommerce Company Acquisition
SBA TERM LOAN
2021
$600,000
NORTHEAST REGION
Who’s the client?
We had the pleasure of working with a individual sponsor looking to purchase a dropship ecommerce company.
What was their challenge?
The client was turned down by several SBA lenders. He also found that alternative lenders were too expensive.
What result did you achieve for them?
We were able to close with a national SBA lender willing to provide the sponsor with a 7(a) term loan to acquire the company.
