CGCF, competing against money center and regional banks, achieved the highest advance amount for the used equipment while meeting pricing and the Lessee’s specific documentation terms and conditions.
|Equipment:||Used Caterpillar Rotary Blasthole Drill and accessories.|
|Lessee:||The Lessee is a wholly owned subsidiary of a Fortune 100 Steel and Mining company and a leading supplier of quality steel products in all major markets including automotive, construction, household appliances and packaging.|
|Transaction:||$4,500,000 structured as an 84 month operating lease.|
|Highlights:||CG Commercial Finance, competing against money center and regional banks, worked hard to secure the transaction by providing the most competitive pricing, customizing documentation to accept the Lessee’s specific terms and conditions, and achieving the highest advance amount for the used equipment. CGCF ultimately won the award based on our mutual respect and long-standing relationship with our Client as noted W. Scott McCullum, President of CG Commercial Finance:
“CG Commercial Finance’s transaction and project management teams offered multiple options that provided a tailored solution to accommodate our Client’s key operational, accounting and legal specifications. We value our partnership with our Client and look forward to advancing their interests worldwide for many years to come”.