A successful local food processing manufacturer wanted to utilize their existing assets to access capital for a new product launch. Fortunately for them, their processing plant/office building was free and clear!
Designing a loan that accomplishes their goals without overleveraging was crucial. Every short-term loan needs a viable take-out solution. It is always tempting to accept a larger loan amount, but it can hinder future financing.
All parties came to an agreement on a loan size that accomplishes their stated goal and doesn’t overlarge the property.
A new product launch coupled with an infusion of cash will set our borrower up for success!!!
Why we like the deal
- Low LTV
- Company has a history of success
- Thoughtful, attainable business model that will pay off the note when due.
- Transparent, available borrowers
Professional and available broker team. Joey Tai – Crete Capit
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