Briar Capital Real Estate Fund LLC Provides a $2.6 Million Real Estate Term Loan to a Seafood Processor and Distributor

Briar Capital Real Estate Fund LLC announced that it has provided a $2.6 million real estate term loan to a seafood processor and distributor in New York.  The collateral-based real estate loan is secured by a single-story building with elements of both cold storage and refrigerated space ideally located near the famed Fulton Street Fish Market. 

Referred into this transaction by a nationwide asset-based lender, Briar Capital Real Estate Fund used its standard long-term amortization and a competitive interest rate to provide a financing solution for this company looking to repair its balance sheet.  Unable to obtain traditional financing, this seafood business sought a lender to look beyond its limited cash flow and instead at its real estate collateral and the business opportunity ahead of them. Using an asset-based approach, Briar Capital Real Estate Fund was able to leverage the company’s real estate to pay off an existing SBA loan, retire multiple expensive merchant cash advance facilities, and inject liquidity into the borrowers business for day-to-day cash flow needs.

No longer in the traditional ABL space, Briar Capital Real Estate Fund only provides commercial real estate term loans to asset-based borrowers.  With a nationwide focus and a successful 16+ year history in real estate lending, Briar Capital Real Estate Fund has become the preferred real estate lending partner to working capital lenders everywhere by assisting them with the real estate financing needs of their ABL borrowers.