Stonebriar Commercial Finance Provides $19MM Loan to Forest Products Company
Stonebriar Commercial Finance provided a $19 million loan to a family-owned forest products company. The loan is secured by all real and personal property along with the timber rights of the company and reflects a total commitment by Stonebriar of approximately $43 million. Proceeds of the overall commitment were used in the construction of a state-of-the-art plywood and veneer facility which replaced a facility previously destroyed by fire.
Steve White, executive vice president of Stonebriar, said, “We have provided financial support via our loans to this company since 2016. It has been a rewarding process to see the customer complete the new facility and begin to supply its customers with a superior product line.”
Stonebriar, an Eldridge Industries portfolio company based in Plano, TX, is a leading provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through four distinct platforms—General Equipment, Aviation Capital, Rail Leasing, and NonBank Lender, a provider of SBA-supported solutions. Stonebriar’s portfolio also includes Essential Properties Realty Trust, a single tenant real estate firm currently with 508 properties leased to more than 117 tenants throughout the U.S.
Eldridge Industries is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London. To learn more about Eldridge Industries go to www.Eldridge.com
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