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Stonebriar CF Closes a $64.5MM Construction-to-Permanent Real Estate Financing

September 14, 2021, 07:19 AM
Filed Under: Real Estate

Stonebriar Commercial Finance announced the closing of a $64.5 million construction-to-permanent real estate financing with a premier real estate developer. This 85 percent loan-to-cost mortgage will finance the development of a triple-net, build-to-suit property for a tenant that the developer has successfully partnered with on prior projects.

The company creatively addressed various transaction nuances including upsizing for tenant change orders and the potential release of excess land post-closing.

Greg Burns, Stonebriar Managing Director, said, “This opportunity plays to Stonebriar’s strengths of providing flexible capital to proven developers with strong tenant relationships. Our financing structure is designed to be programmatic with this specific tenant and has already resulted in dialogue on four additional projects that could increase total fundings to the low nine figures.”

Jeff McCoy, Stonebriar Vice President, added, “The fundamentals of a strong sponsor, market leading tenant and essential real estate allowed for a timely approval and efficient closing.”

Stonebriar Commercial Finance: Stonebriar, an Eldridge business based in Plano, TX, is an investment grade provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance.

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