CG Commercial Finance (CGCF) announced that it has provided a $64MM equipment lease to a joint venture formed by international investment grade companies for a water treatment plant. The water treatment plant is an integral part of the company’s new $1 billion steel production facility.
“This transaction is representative of CGCF’s ability to apply our team’s extensive capabilities, experience, and industry expertise to successfully manage and complete complex transactions while meeting our customer’s specific documentation, structural, and operational requirements.”, said Scott McCullum, President of CG Commercial Finance.
The funding was part of a strong Q1 for CGCF which included equipment finance transactions in the manufacturing, energy, waste management, specialty finance, and transportation industries. “Our business has been very strong coming out of the recession. We are anticipating our fourth consecutive year of robust growth,” added Scott McCullum.
CG Commercial Finance is a domestic and international financier of equipment and industrial projects related to the growth, expansion and efficiency initiatives of large corporations. CGCF delivers highly customized lease and financing solutions to meet complex operational, accounting, and treasury requirements. Projects typically range from $1MM to $300MM in cost and include diverse assets such as transportation (titled vehicles, air, rail, and marine), industrial plants (manufacturing, food processing, assembly, etc.), distribution centers, material handling, mining, energy, and technology assets.