CGCF’s expert financing team successfully managed the Lessee’s complex and rapidly evolving credit situation as well as varying subsidiary joint venture interests.
| Transaction: | $10,206,405 as operating leases for Yellow Iron, Manitowoc Cranes, Fleet Trucks, Skytrak Forklifts, and Wheel Loaders and Backhoes. |
| Lessee: | The Lessee is a leading General Engineering contractor focused on heavy civil construction with a 20+ year history of building public sector projects such as bridges, rail transportation, water resource, and earthquake reconstruction projects throughout the United States. |
| Highlights: | The transaction was structured as a 60 month, sale-leaseback operating lease to monetize existing equipment assets resulting in an improvement in financial ratios and increased liquidity. Although the company exhibited high cash flow, there existed some credit challenges due to historical net profitability. CGCF’s underwriting team performed an in-depth analysis of the historical financial statements and projections based on the business backlog to understand the longer term positive credit outlook for the company. Additionally, CGCF’s structuring and asset management teams successfully structured the operating lease around the various issues associated with the client’s subsidiary joint venture interests. CGCF also managed multiple appraisals, lien releases and subordinations with various banks, and inspection sampling required for a successful funding. |
CG Commercial Finance gives you competitive advantages with our robust funding capabilities which include long-term installation funding, numerous delivery schedules and the ability to finance soft costs and services to provide over 100% financing, which in turn maximizes profit for you.
