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CG Commercial Announces Several Major Fundings in Q4 2017

January 26, 2018, 07:15 AM

CG Commercial Finance completed a strong calendar year 2017 with a number of significant new account fundings during the fourth quarter across a series of industries, assets types, and credit profiles.  Q4 fundings included the following:

  • $8.5MM production line for a food processing company including 25 progress fundings over a fifteen month period
  • $8.5MM manufacturing equipment for an auto parts manufacturing company including six months of progress fundings and foreign currency
  • $11.6MM of production equipment for a plastics manufacturing company including progress fundings during overseas delivery and foreign currency
  • $6MM sale and leaseback for a drilling rig of an onshore drilling contractor
  • $2.7MM of solar power generation system for a utility

The company is on track for double digit year over year originations growth.

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