Great Rock Capital closed a $33.5 million senior secured revolving credit facility for an industry-leading blasting and abrasives company.The credit facility, which also includes an additional $5 million accordion, will refinance existing debt and...
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December 04, 2024, 08:02 AM
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CapitalPlus Financial Services extended a $1 million factoring facility to a Florida-based underground utility contractor, empowering the business to take on new projects without waiting for client payments to clear. This tailored financing solution...
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November 05, 2024, 06:06 AM
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NXT Capital closed a senior credit facility in support of Renovo Capital’s acquisition of Pavement Maintenance Group. NXT Capital acted as the Administrative Agent, Sole Bookrunner, and Sole Lead Arranger on this transaction.“We are pleased to have...
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September 20, 2024, 07:06 AM
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CapitalPlus Financial Services successfully assisted a concrete and rebar contractor based in Alabama with a $460,000 facility to support their working capital needs. This strategic funding has enabled the contractor, who is actively engaged in...
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September 03, 2024, 06:00 AM
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CapitalPlus Financial Services announced the successful funding of a $1.25 million working capital facility for a finishing contractor based in Reno Nevada. They were growing quickly, but as a result, this prominent contractor began experiencing...
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Wingspire Capital and Piney Lake Capital Management together provided a Unitranche senior credit facility to constructor subcontractor, Acousti Engineering Company of Florida. Acousti is the premier non-residential constructor subcontractor in the...
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Mirate Equity has reached a significant milestone with the successful conclusion of a $74 million construction deal, consolidating its position as a premier lender in California.This landmark transaction, meticulously executed by Mirate Equity LLC's...
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December 18, 2023, 06:00 AM
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Cambridge Savings Bank (CSB) announced that its small business lending team provided a $250,000 loan to Enhanced Mechanical Contracting, LLC. Based in Boston, Enhanced Mechanical Contracting provides customized HVAC services to facilities across...
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October 31, 2023, 07:27 AM
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Garrington Capital closed a $21 million senior credit facility to a best in class provider of integrated services and specialty fabrication solutions.The borrower is a full-service industrial contractor providing a broad array of services to the...
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October 12, 2023, 08:00 AM
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CapitalPlus Financial Services announced the successful facilitation of $5 million in funding for a leading mechanical contractor based on the West Coast."Our cash flow supporting options play a pivotal role in supporting mechanical contractors...
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August 22, 2023, 07:09 AM
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Yak Access, a provider of temporary access roads and related services, completed a major recapitalization led by its principal equity holder, Platinum Equity, on March 10, 2023.Through this transaction, Yak obtained $121,000,000 of new money...
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Amerisource Business Capital closed and funded a $1,000,000 interim bridge loan facility for a Texas-based powerline construction services and maintenance firm. The proceeds were used to provide working capital to support the company’s rapid growth....
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January 05, 2023, 07:50 AM
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EquipmentWatch released its annual State of the Construction Equipment Economy white paper.To keep a pulse on what is happening in the equipment market, EquipmentWatch analysts survey equipment owners and contractors from across the country. This...
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December 21, 2022, 06:00 AM
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AmeriTex Holdings closed $380 million in Senior Secured Credit Facilities with U.S. Bank to combine with its $35 million in current Subordinated Notes with Prudential Capital Partners, LP to continue its growth in products and other capabilities to...
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August 23, 2022, 07:46 AM
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Horizon Technology Finance Corporation, a specialty finance company that provides capital in the form of secured loans to venture capital backed companies in the technology, life science, healthcare information and services, and sustainability...
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LBC Credit Partners (“LBC”) provided a senior secured credit facility to support O2 Investment Partners’ investment in Capital Construction, LLC (“Capital”), and Capital’s subsequent investment in Irish Roofing & Exteriors, LLC (“Irish”).LBC served...
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CIT's Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm. The 10 items of heavy equipment financed by CIT include articulated...
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January 21, 2022, 07:39 AM
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Sterling National Bank's Asset Based Lending Group provided a secured revolving line of credit totaling $40,000,000 to a crane services company. The credit facilities will provide refinancing of existing debt and support the company’s anticipated...
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November 04, 2021, 07:46 AM
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Horizon Technology Finance along with lending partner Trinity Capital announced that they provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology company focused on creating environmentally-friendly...
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September 14, 2021, 07:41 AM
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LBC Credit Partners provided a senior secured credit facility to support the refinancing of Evercast, add-on acquisition of Precast Supply Company, and future acquisitions. Evercast is a portfolio company of PNC Mezzanine Capital and Cornerstone...
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Amerisource Business Capital closed and funded a $17,000,000 senior credit facility for an Iowa-based sand and construction aggregate firm. The proceeds were used to continue the expansion of their business lines and support their ongoing working...
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Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,240,000 to W5 Group. The credit facilities are a renewal of the Company’s existing relationship with Sterling, which began in 1933....
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Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried...
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Bird Construction Inc. announced that it has entered into a three-year, $200 million committed, Syndicated Credit Facility with Bank of Montreal ("BMO") as the lead arranger, bookrunner and administrative agent, and including The Toronto-Dominion...
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December 08, 2020, 08:45 AM
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Cambridge Savings Bank (CSB) announced the closing of a $7,200,000 deal with Premier Fence, LLC. Premier Fence, LLC a fence contractor, based in Canton, MA, specializes in design, fabrication, and installation of residential and commercial fences.The...
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September 29, 2020, 09:00 AM
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Tutor Perini Corporation, a leading civil, building and specialty construction company, announced a refinancing and new credit agreement. The agreement includes a $425 million 7-year term loan B and a $175 million 5-year revolving credit...
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August 20, 2020, 09:10 AM
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Greystone, a leading national commercial real estate finance firm, has provided a $49 million construction loan under the HUD 221(d)(4) program for the development of Katy Apartments, a new multifamily community located in Katy, Texas. The...
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August 13, 2020, 08:39 AM
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CIT Group Inc. announced that CIT Northbridge Credit, through its investment advisor CIT Asset Management LLC, served as sole lead arranger on a $20 million senior secured credit facility for Marquis Construction Services LLC.Headquartered in Clute...
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Citizens Commercial Banking announced today that its Commercial Real Estate Finance team is providing a $55 million loan to LeCesse Development Corp. and MAS Development Group, for the construction of a mixed-use apartment complex called Vinty in...
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November 26, 2019, 08:58 AM
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Citizens Commercial Banking announced that its Commercial Real Estate Finance team is providing a $75 million loan to Haymarket Parcel 9 Investors, LLC, whose sponsors are Boston-based CV Properties, New York-based Olshan Properties and Boston-based...
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November 25, 2019, 08:55 AM
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Eastern Bank has completed three construction loans totaling $8 million to Norwood-based developer Arista Development, LLC, for ground-up construction of free standing retail properties in Framingham, Bedford, N.H., and Providence.Founded in 2003 and...
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August 09, 2019, 08:45 AM
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Citizens Commercial Banking announced that the Citizens Commercial Real Estate Finance team is leading a $435 million construction loan for WS Development, a Greater Boston-based commercial real estate and investment firm, and the Public Sector...
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Citizens Bank announced its Community Development Group has provided $29.5 million in construction loans to MM Poth Brewery LLC and Off Road Poth Bridge Member, LLC, entities sponsored by MM Partners, LLC, for the adaptive re-use and substantial...
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AmeriTex Holdings LLC announced that it closed $25 million in Subordinated Notes with Prudential Capital Partners, LP (Prudential) and a $105 million Senior Credit facility with MUFG Union Bank (Union Bank), US Bank and Banc of California to...
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Capital One announced that it served as administrative agent for a $132 million construction loan to MRP Realty for the first phase of Bryant Street, a 488-unit mixed-use project in Washington, D.C, that includes 92,000 square feet of retail space....
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CIT Group Inc. and Square Mile Capital Management LLC announced they have originated a $63.9 million loan to finance the development of The Caldwell, a 259-unit, 180,000-square-foot high-rise rental residential project with ground floor retail being...
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Citizens Bank announced today that its Community Development Group has provided an $18.8 million construction loan to Gotham Tower LP, an entity sponsored by James Maransky of E-Built, Inc., for the substantial renovation of the vacant historic...
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Monroe Capital LLC announced an increase in the credit facility to support the acquisition of Southern States Pavement Markings (SSPM) by TRP Construction Group, LLC (TRP). TRP is an existing portfolio company of MSouth Equity Partners.
Based in Ft....
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December 06, 2018, 07:09 AM
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North American Construction Group Ltd. announced an upsized $300 million Amended and Restated Credit Agreement with its banking syndicate led by National Bank Financial. The upsized Credit Facility was executed concurrent with the company's closing...
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November 26, 2018, 07:11 AM
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CIT Group Inc. announced that its Real Estate Finance division provided a senior secured construction loan of up to $35 million for development of a new office building on East 61st Street in Manhattan.
The project -- a planned six-story structure...
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November 01, 2018, 07:16 AM
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ING Capital LLC announced that it has closed a $25 million credit facility with Ygrene, a national leader in energy efficiency and resiliency financing. The unique structure will expand Ygrene's capabilities in the areas of contractor advances and...
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September 11, 2018, 07:07 AM
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Wells Fargo & Company announced its involvement as a lender for MiamiCentral, a first-of-its-kind, transit-oriented development that serves as the southern terminus to the recently-opened Brightline inter-city express passenger train. Wells Fargo...
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A reliance on spread revenue and narrow business models can present a credit challenge for banks concentrated in commercial real estate (CRE) lending relative to more diversified regional banking peers, Fitch Ratings says. Interest rate risk from...
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Capital One announced that it has provided a $66 million construction loan to Fairfield Residential for the development of Bear Creek, a 360-unit luxury apartment community in Redmond, Washington, a suburb of Seattle. Capital One has syndicated $22...
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Construction industry executives are more optimistic about nonresidential construction activity than they have been since the 21st Century, according to a nationwide survey of industry contractors and equipment distributors released today from Wells...
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Atlas Sand Company, LLC and BlackGold Capital Management LP announced the closing of a $150 million credit facility to fund a portion of the ongoing construction of Atlas' Kermit and Monahans frac sand plants and for general company purposes.The...
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February 05, 2018, 07:09 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of TRP Construction Group, LLC (TRP) by private equity sponsor MSouth Equity Partners. Based in...
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October 25, 2017, 07:12 AM
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SunTrust Banks, Inc. (NYSE: STI) announced that it has closed $600 million in financing for the Texas Rangers to fund the team’s share of construction costs for their new ballpark. The stadium, to be named Globe Life Field and built in a...
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September 14, 2017, 07:50 AM
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KB Home announced it completed an amendment to its unsecured revolving credit facility to increase the borrowing availability to $500 million from $275 million, with a $250 million letter of credit sublimit, and extend the maturity date to July 2021...
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August 01, 2017, 07:23 AM
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Capital One announced that it provided a $51 million loan to refinance construction debt on Ventana Medical Plaza, a 120,000-square-foot, off-campus medical office building in Tarzana, Ca. The borrower, TriStar Realty Group, is a commercial real...
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Installed Building Products, Inc., an installer of insulation products, announced that the company has successfully refinanced its borrowings under its existing Term Loan and Delayed Draw Term Loan facilities, and closed its previously announced $300...
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Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has extended a $3 million credit facility to Platinum Roofing to support the continued growth of the company. In addition to the financing...
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Abacus Finance Group, LLC, a New York-based direct lending company that provides cash-flow senior financing for private equity-sponsored, lower-middle market companies, announced today that it served as Administrative Agent and Sole Lead Arranger for...
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Citizens Bank announced that Citizens Commercial Banking is providing a $65 million loan to NED Altoona LLC / New England Development to finance, in part, the construction of a 300,000 square-foot retail outlet center outside Des Moines, Iowa. ...
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February 15, 2017, 07:45 AM
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Century Communities, Inc., a top-25 U.S. homebuilder of single-family homes, townhomes and flats in select markets, announced that it has expanded its senior unsecured credit facility to $380 million. Borrowings under the credit facility will bear...
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August 23, 2016, 07:19 AM
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The Middle Market Growth Program (MMGP), jointly managed by Antares and LStar Capital, has closed a senior secured unitranche credit facility to support the equity investment of Nautic Partners LLC in Response Team 1 (RT1). Headquartered in...
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Macro Enterprises Inc. has entered into a commitment letter with The Toronto-Dominion Bank ("TD Bank") for the provision of $115 million in new senior secured credit facilities. TD Bank has committed to structure and arrange the new credit facilities...
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New Enterprise Stone & Lime Co., Inc. announced that it has refinanced its credit facility with a new revolving credit facility and new term loans providing up to $175 million of available borrowing capacity. The new borrowings consist of a Revolving...
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February 18, 2014, 07:42 AM
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GE Capital, Corporate Finance announced it is serving as administrative agent on $72.5 million of senior secured credit facilities to Permian Basin Materials, LLC (PBM), a newly formed affiliate of WL Ross & Co. LLC (WL Ross). The credit facilities...
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January 09, 2014, 07:13 AM
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Bibby Financial Services announced today that it has provided a $500,000 facility for an Ontario-based electrical contractor.
The company supplies parts and equipment that supply electricity in portable classrooms, construction sites, and other...
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November 15, 2013, 07:19 AM
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The Commercial Finance Americas team of Siemens Financial Services, Inc. (SFS) has recently completed a $4.35 million financing package with Mountain Crane Service to support its acquisition of a Liebherr LR 1600-2 crawler crane. Family-owned...
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August 06, 2013, 07:02 AM
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