NonBank Lender (“NBL”) has completed the financing of a 20,100-square foot Industrial Warehouse facility in Redlands, California. The subject property will enable the borrower, a heating and air-conditioning installation and service company, to meet growing demand.
NBL partnered with Plaza Bank and Pacific West CDC to fund the SBA 504 project. Curtis Valenzuela, NBL’s President, stated, “We enjoy working with both Plaza Bank and Pacific West CDC as each lender shares our commitment to delivering for our clients. Strong coordination with all parties ensured that the borrower would experience a smooth closing and funding.” Jeremy Osaki, Pacific West CDC, Vice President, added, “We are excited to be working with NBL in successfully funding another SBA 504 Loan. We and NBL speak the same language and share a common focus in the SBA 504 loan program.”
With the capital resources now provided by Stonebriar, NBL has greater flexibility and surety of execution; evidenced by the fact that NBL also served as the source for the 2nd Lien Interim Loan. According to Stonebriar CEO Dave Fate: “While it is important that NBL now has the capital to fund more and larger transactions, our team’s expertise in the SBA 504 Loan program truly sets us apart. Curtis and his team are changing the way clients access financing.”
Joel Matthews, NBL Loan Officer added, “Our focus on the SBA 504 Loan program allows us to understand and deliver both Interim Loan and Complete Financing options for Borrowers. This project is simply another example our ability to deliver on time with a product that Borrowers truly want.”
About Stonebriar Commercial Finance: Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation and Eldridge Industries, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Stonebriar specializes in transactions for businesses in a wide variety of industries (Business Aviation, Rail Leasing, Realty Capital, NBL Small Business Lending, marine, transportation, manufacturing, energy, etc.) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions. To learn more about Stonebriar Commercial Finance or NonBank Lender go to www.stonebriarcf.com or www.nonbanklender.com respectively.
For more information contact:
Joel Matthews: (573) 310-1570 Joel@NonBankLender.com
Curtis Valenzuela (714) 595-1696 Curtis@NonBankLender.com