$11.8 MM Financing for TC Millwork to Acquire Commercial Real Estate
$11.8 MM Financing for TC Millwork to Acquire Commercial Real Estate
“This is the first time I have been involved in as complicated and large a deal. My decision to go with 44 Business Capital was that they were the most competitive of the group of four, and equally transparent in the deal. They walked us through every step of the way and I have already recommended a vendor of ours to 44 Business Capital.”
Dennis Kubach, OwnerTC Millwork, Inc. | Bensalem, PA
CHALLENGE
In this case, TC Millwork occupied a 400,000 square foot building in Bensalem, PA. Facing a dramatic rent increase, the principals decided to purchase the property. The purchase price was $11.8MM, and 44 was able to structure financing where the borrower only had to contribute 10% in equity. This allowed them to retain more cash in their operating company giving them needed working capital for their business. The principals of TC Millwork now own the real estate in which they operate, thus providing greater certainty and stability for the future.
OUR BORROWERS SAY IT BEST
