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Stonebriar Provides $20MM Financing to Forest Products Company

January 11, 2016, 07:15 AM
Filed Under: Forest Products

Stonebriar Commercial Finance provided a $20 Million, 60 month finance lease for a Sawmill and Veneer manufacturing plant. The facility is secured by land, building, timber rights, and manufacturing and transportation equipment. The Lessee is a major producer of lumber related products such as 2x4, 2x6, 2x8, 2x10 green and kiln dried dimension lumber, plywood and various veneer related products.

Steve White, SCF's Senior Managing Director stated, "Stonebriar worked very closely with management to provide a creatively structured solution for a major capital project. The proceeds were used to build a new, state of the art, $100MM facility and allows for hundreds of new jobs in the local community "

Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Since its inception in April 2015, Stonebriar has funded and committed to in excess of $550 million in financing. Stonebriar specializes in transactions for businesses in a wide variety of industries (aviation, rail, marine, transportation, manufacturing, energy and corporate real estate) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.

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