* An $8,000,000 inventory loan
on for a commercial condominium project on Bowery.
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
* Inventory loans
. Few banks will make an inventory loan
because of the volatility of commodity markets.
The 24-month condo inventory loan
is secured by this 48-unit development and was provided by a balance sheet lender and features full-term interest-only payments.
Greysteel arranged a condo inventory loan
for five townhomes in the Carroll Gardens neighborhood of Brooklyn, NY.
* A $6,500,000 inventory loan
on a 8-unit condominium building on Bowery.
A condo inventory loan
totaling $30 million was recently closed.
* A $24,250,000 condominium inventory loan
in Aventura, FL.