15,000SF Distribution warehouse acquisition
Transaction
15,000 SF Distribution Warehouse Acquisition in Ontario CA, Property improvements (TI), and Working Capital Cash Injection.
Product(s)
SBA 504 purchase with additional business cash injection credit facilities (SBA 7a) for working capital and tenant improvements.
Challenge(s)
- Limited down payment
- Projection based working capital request.
- 30 day closing requirement
- Limited collateral for additional credit facilities.
The Result
Dunn Premier quickly re-structured the clients transaction from an SBA 7a purchase to an SBA 504. We then stacked the SBA 504 with two additional SBA products, an SBA 7a small loan, and an SBA express line of credit. We partnered with a local CDC and National bank lender that was able to facilitate a quick closing under our recommended structure. This allowed our client to close the purchase of their new building, complete their expansion buildout including new equipment, and give them access to a working capital line of credit as they transition into their new space.
