Briar Capital Real Estate Fund Announces Closing of $7.9MM Commercial Real Estate Loan

Briar Capital Real Estate Fund (www.BriarCapital.com) is pleased to announce the closing of a $7.9MM commercial real estate loan to a precast concrete products company located in Florida who had been dealing with supply chain issues and material shortages as a result of COVID.

Pressured to leave by their bank who was rapidly amortizing their debt, the company engaged a financial advisor to help them find a new lender. With a variety of assets to pledge for the loan, the advisor contacted not only Briar Capital for the real estate but several other lenders as well. While specific attributes of the company’s A/R (progress bills and retainage) made it challenging for traditional working capital lenders to finance the business, the company chose Briar Capital to leverage their real estate assets using a long-term amortization and personal recourse free loan. 

Briar Capital not only provided sufficient funding to retire the bank debt but the equity in the real estate allowed Briar to generate additional liquidity for the company. Those much-needed additional funds have been used successfully to help address the company’s significant backlog and other working capital needs. 
With its unique, singular focus on real estate lending, Briar Capital Real Estate Fund has become the go to real estate financing partner to those in the asset-based lending industry. Using a collateral-based approach and less than hard money pricing, Briar Capital provides owner occupied, commercial real estate loans from $1MM to $15MM with LTV's as high as 65%. To learn more, please visit www.BriarCapital.com.