Utica Leaseco, LLC announced the completion of a refinance and new secured loan transaction in the amount of $4,100,000.00 during the first week of August, 2014.  Utica closed and funded the refinance and secured loan for a steel stud manufacturer  that specializes in high quality light gage steel framing products that is headquartered in Montgomery, AL.

Utica was able to provide the needed working capital by unlocking the equity that existed in the company's manufacturing and steel processing equipment.  Utica worked closely with the company and its management team and was able to close the needed funding on an expedited basis.  Utica relied on the company's equipment as the sole collateral for the transaction.