Stonebriar Closes $12 Million Warehouse and Distribution Facility Loan
Stonebriar Commercial Finance closed a $12 million loan with a privately held women’s apparel company. The loan is secured by a 470,000 square foot warehouse and distribution facility residing on 105 acres. The facility, located to serve the borrower’s Eastern U.S. retailers and customers, was recently improved with customized pick-to-light lines and is accessible via multiple logistics alternatives. The proceeds of the loan were used for the borrower’s general corporate purposes.
Kyle Parks, Stonebriar’s head of Direct Originations, said, “This closing represents our second with this innovative and growth-oriented client, and highlights our ability to structure transactions secured by both real and personal property. The Stonebriar team, led by Brian Daley and Jon Dahlfors, worked collaboratively with the client to underwrite and close this loan in a timely manner.”
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
For more information please contact: