Transaction representative of CGCF’s extensive capabilities, experience, and industry expertise to successfully manage and complete complex transactions while meeting specific documentation, structural, and operational requirements.
CG Commercial Finance (CGCF) announced that it has provided a $64MM equipment lease to a joint venture formed by international investment grade companies for a water treatment plant. The water treatment plant is an integral part of the company’s new $1 billion steel production facility.
CGCF succeeded despite numerous challenges such as:
- The Lessee had foreign investment grade credit rated owners that would not provide guarantees and many banks declined as collateral was “outside of the box”.
- The Lessee’s requirement to fix the rate at no-cost well prior to actual funding of the transaction. CGCF evaluated the interest rate hedge and decided to take the balance sheet risk in order to meet V&M’s requirement.
“This transaction is representative of CGCF’s ability to apply our team’s extensive capabilities, experience, and industry expertise to successfully manage and complete complex transactions while meeting our customer’s specific documentation, structural, and operational requirements.”, said W. Scott McCullum, President of CG Commercial Finance.
The funding was part of a strong Q1 for CGCF which included equipment finance transactions in the manufacturing, energy, waste management, specialty finance, and transportation industries. “Our business has been very strong coming out of the recession. We are anticipating our fourth consecutive year of robust growth,” added W. Scott McCullum.
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.