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 program.
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.
