Lawrence Financial Group reported total debt placements in excess of $500 million in 2015. This is a record breaking year for the 25 year old firm.
The largest single funding was a $315 million real estate financing closed in the third quarter. However, the 4th quarter also reflected debt arrangements exceeding $70 million.
Fourth quarter secured loan placements include:
- $20 million line of credit for a retailer
- $15 million working capital facility for a name brand electronics manufacturer
- $10 million bank loan participation for a liquidation and appraisal firm
- $8.5 million lending agreement placed for a candy manufacturer
- $3.5 million placement for a seafood company
- $3.5 million additional accounts receivable line for a toy distributor
- $2.5 million for a company which manufactures candles
Additionally, in the fourth quarter, Lawrence provided factoring lines for three firms through its strategic partner FSW Financial of Scottsdale, AZ. This six-year old strategic alliance allows for quick funding for many firms not yet qualified for traditional bank or asset based facilities. Ultimately, these firms often qualify later for more conventional lines of credit.
Other 2015 highlights included a $40 million DIP funding for a real estate concern, a $4 million line for a reality TV producer, a $4 million term loan for a water bottler, a $4 million re-structuring facility for a restaurant chain, and a $2.5 million line of credit for a lighting distributor.
Lawrence, founded in Los Angeles in 1990, has assisted more than 1,000 companies to obtain financing for growth, expansion, acquisition and re-structure. Leading the Lawrence team is Chairman Lawrence Hurwitz and Managing Partner Haze Walker.
Lawrence specializes in providing asset-based financing including loans secured by accounts receivable and inventory, as well as term loans on equipment and intellectual property. Other areas of expertise include purchase order loans, financing companies selling to offshore customers. Lawrence also arranges subordinated debt, mezzanine and junior subordinated funding, cash flow and DIP loans.