Stonebriar Commercial Finance closed a $20 million sale and leaseback with a private equity sponsored global leader in specialty chemical manufacturing. The subject asset is a turn-key chemical production plant including all real and personal property comprising the facility. This lease represents Stonebriar’s second closed transaction with the lessee in 2017. The proceeds of the transaction were used for the lessee’s general corporate purposes.
Kyle Parks, Stonebriar’s head of Direct Originations, stated, “We are thrilled to deepen and broaden this strategic client relationship. This closing, much like the first, is representative of our ability to structure and fund large-ticket turn-key loan and lease transactions involving uniquely positioned, long-lived and essential use facilities. The Stonebriar team, led by John Cyphers and Jason Farr, is actively pursuing incremental opportunities with the lessee, and the broader market, to leverage our proven turn-key facility underwriting approach and experience.”
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