Stonebriar Commercial Finance Closes $25 Million to a Regional Lumber Company

Stonebriar Commercial Finance (“Stonebriar”) today announced the closing of an incremental $25MM secured term loan to a major regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts. 

The borrower is a 3rd generation-owned lumber producer that operates sawmills, plywood / veneer facilities, and a pellet plant. The family-owned business was started in 1951 and has 800 full-time employees. 

Steve White, Stonebriar’s Co-Founder and EVP stated, "We are excited to continue supporting the expansion and success of a long-time customer. It is rewarding to watch the 3rd generation family member taking over the day-to- day operations and assuming the responsibility of being the largest employer in each of the local communities where production facilities are located--a real American Dream story."

About Stonebriar:  Stonebriar, an Eldridge Industries business, originates and services a portfolio of lease and loan products secured by essential income-producing assets across the credit spectrum.  Based in Plano, TX, Stonebriar’s portfolio serves as a catalyst for the U.S. economy by providing capital needed in key sectors including manufacturing, marine, aviation, rail, energy and real estate. To learn more about Stonebriar, please visit www.StonebriarCF.com.

About Eldridge Industries: Eldridge Industries invests in businesses across the Insurance, Asset Management, Technology, Mobility, Sports & Gaming, Media, Real Estate and Consumer landscapes. The firm seeks to build and grow businesses led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge Industries is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York and London. To learn more about Eldridge Industries, please visit www.Eldridge.com.