Briar Capital Closes $9.35MM Real Estate Loan in Illinois
Briar Capital Real Estate Fund has closed a $9,350,000 commercial real estate loan for a leading Illinois-based health supply provider to educational institutions. The facility, secured by owner-occupied real estate, included a term loan and revolving component for seasonal liquidity. It was part of a broader recapitalization with a traditional ABL working capital line. Sourced by Jill Kirshenbaum and closed by Chief Credit Officer Susan Holliday, the deal unlocks equity and supports further growth. Briar continues to provide tailored financing solutions for owner-occupied properties nationwide. Learn more at www.BriarCapital.com.
AEG Partners recently served as the financial advisor to a specialty distributor of crafts and school supplies facing operational and liquidity challenges. As the Company experienced declining sales and increased pressure from vendors tightening credit terms, AEG conducted a thorough review of cost-saving initiatives proposed by management. The team structured a vendor payment plan to ensure continuity of product supply and successfully secured the support of the Company’s lender group. This support included additional credit facilities critical to stabilizing operations and enabling the Company’s recovery.
Tom Jones of Concord Financial Advisors, LLC announces the closing of two Senior Debt transactions: 1) $28.3MM transaction including a $20.0MM Senior Secured Revolving Line of Credit, $3.5MM Unsecured Over-advance, $3.3MM Equipment Term loan and a $1.5MM CapEx Line of Credit for a global Injection Molding Solutions Provider in the Midwest; 2) $17MM transaction including a $9.0MM Equipment Term Loan, $6.0MM Senior Secured Revolving Line of Credit and a $2.0MM CapEx Line of Credit for a Mine Reclamation and Construction Company based in the Midwest. Concord served as the exclusive Financial Advisor for both transactions.
Charles Winternitz, President of Winternitz Industrial Auctioneers & Appraisers Announces the completion of the following Auctions & Liquidations: Kensington Glass, Glass Fabrication Equip., Sterling, VA & Ijamsville, MD; Fronius USA, High-End Welding Equip., Portage, IN; Whiting Corp., Mfg’r of Overhead Crane Systems, Monee, IL; Micron Mfg., High-Precision CNC & Screw Machine Equipment, LaGrange (Cleveland), OH; Wm. Dudek Mfg., Four-Slide Metal Stamping & Multi-Slide Forming Machines, Chicago, IL; and S & D Develop. and Prototype, Fabricating & Machine Tools, Zion, IL; B.T.W., Inc., Printed Circuit Board Mfg’r, Coon Rapids, MN. Upcoming Projects include: Surplus to Master Magnetics, Wide-Format Digital Printing & Doming Equip., Castle Rock, CO; Machined Metals Mfg., CNC Machine Shop, Elk Grove Village, IL. For more information, or Inquiries, Contact: Charles Winternitz, charlie@winternitz.com, or www.Winternitz.com.
Republic Business Credit fundings: $6,000,000 Asset-Based Loan for a Texas based pharmaceutical manufacturing company. Additionally, $10,000,000 Asset-Based facility for children’s toy manufacturer; $3,000,000 Non-RecourseFactoring facility for a Los Angeles based women’s apparel manufacturer; and $5,000,000 factoring facility for a leverage buyout by a Midwest based independent sponsor.
