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Stonebriar Celebrates First Anniversary; Exceeds $1B in Assets

July 25, 2016, 07:17 AM
Filed Under: Industry News

Stonebriar Commercial Finance (Stonebriar) announced two important company milestones to date in 2016 - its first year anniversary at the end of April and exceeding $1 billion in assets as of the end of June.

Contributing to these milestones were the acquisition of the Guggenheim Business Aircraft Investments team and assets, adding depth to SCF Business Aviation; the launch of SCF Realty Capital, an investment vertical focused on providing capital solutions for our customers' real property assets, with its own fully-integrated origination, credit underwriting and asset management capabilities; and the overwhelming success of the company's first asset based securitization issuance totaling $254 million.

Stonebriar's first year is also marked by the growth of its organizational infrastructure to support its growing and diverse business with the remarkable talent and experience integrated in its finance, accounting, credit, legal, asset management and direct origination functions. Stonebriar's deep bench strength, strong capital and strategic partners enabled the company to close the second quarter of 2016 with over $1 billion in quality receivables with a strong pipeline of transactions to be funded in the second half of 2016.

Dave B. Fate, President and CEO of Stonebriar, stated "We are excited to celebrate the first anniversary of our company and the value we have brought to our customers and strategic partners who need strong and reliable capital for their business needs. Achieving these milestones in such a short period of time is a testament to the strength of the Stonebriar team and the strong financial support demonstrated by our stakeholders. It also validates our initial business plan including the market need for an independent, flexible and dynamic business funding source, such as Stonebriar."







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