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$5 Million Real Estate Sale Leaseback
Increases Working Capital For Rural Manufacturer

The London Manhattan Company is pleased to announce it recently arranged a $5 million sale leaseback (SLB) financing for a manufacturer located in the Eastern US. The borrower’s plant was located in a rural area, which made new real estate financing difficult.

This sale leaseback financing is a good example of the many SLB financings provided by the London Manhattan Company to its clients recently. These SLB financings typically provide more availability than conventional real estate debt financings, because conventional real estate lenders normally utilize lower loan to value (LTV) limitations.

LMC has been extremely effective in obtaining new financing for its clients in such situations. Please call if you need more working capital, or have a special situation or opportunity to discuss. We have many niche, specialty and bridge programs available.

The Situation:

This manufacturing borrower had a long history of successful operations with annual revenues running just under $20 million. The company had been through a period of industry turbulence which made for a difficult operating environment.

The Sale Leaseback Financing:

LMC arranged new real estate SLB Financing with the following attributes:

Sale Leaseback Amount of Proceeds: $5 Million
Property: Borrower’s Manufacturing Plant Containing 200,000 Square Feet of Building on a Large, Multi-Acre Parcel
Lease Term: Twenty Years with Two Five Year Renewal Options
Lease Type: Triple Net
Base Rent: Subject to Two Percent Annual Increases
Repurchase Option: Borrower May Elect To Repurchase The Property By Notice Given Within Two Years of the SLB Closing

Many Other Special Programs Available

We have many niche lending programs available, including those suitable for companies with less than perfect credit.　 If you have had difficulty getting the financing you need, please give us a call.

For more information, or if you have an opportunity you would like to discuss, please contact Ron Giguere at 888.859.6025

 

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