Stonebriar Commercial Finance (“Stonebriar”) closed an incremental $25 million 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."