Nexseer Capital announced it had completed a $36.2 million equipment and project funding for a $3 billion revenue food products manufacturer. The financing included the construction and installation of a frozen food storage facility; furniture, fixtures and equipment; and tenant improvements essential to complete the project. 

Nexseer was able to provide and manage a multifaceted construction funding schedule that involved a substantial amount of “soft collateral” (engineering, design and installation services) to complete the project. 

“This client and transaction is a great illustration of our capabilities to work through complex situations, provide custom solutions, high touch service and efficient project management,” said W. Scott McCullum, President of Nexseer. “Due to the significant amount and duration of the construction, the company struggled to find a lessor or lender willing to finance the project. Their alternatives were cash or a bond and neither represented an ideal solution. We have been working with this client on a variety of lease projects for nearly a decade, and I’m very proud that we were able to get this difficult transaction done for them.”