A $24,250,000 condominium inventory loan
in Aventura, FL.
The firm can later on request evaluation by the lender for a prospective inventory loan
to be effective as early as six months after closing.
The agreement has reportedly enabled the retirement of Corgenix's factoring line of credit and inventory loan
with Summit Financial Resources LP and the financing will be used for working capital purposes.
been drawing about $25,000 from the business for personal use, while the remaining $25,000 of earnings is used for debt principal repayment on a large inventory loan
arising from Martina's recent purchase of the business.
Funds in use at Heller rose 20 percent, principally through the company's inventory loan
a subsidiary of Toyota Motor Sales USA, filed a civil lawsuit in Ventura Superior Court alleging Toyota of Simi Valley breached terms of an inventory loan
and security agreement.
Few banks will make an inventory loan
because of the volatility of commodity markets.
This financing has allowed for the retirement of Corgenix's factoring line of credit and inventory loan
with Summit Financial Resources, L.
Eastern Consolidated's Capital Advisory Division has arranged a $25 million inventory loan
for The Calyx, a newly constructed, 10-story, 31,872 s/f condominium featuring 35 residential units and commercial and community facility space at 189 Avenue C in the East Village.
25-million condo inventory loan
at Gull's Cove in Jersey City, N.
The condominium inventory loan
was structured with release prices to permit sales of units during the lease-up period.
In conjunction with the extension and increase, the Company fully repaid and terminated its $15 million inventory loan
from Wells Fargo.