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Stonebriar CF Provides $19MM Loan Financing to Forest Products Firm

April 10, 2018, 07:25 AM

Stonebriar Commercial Finance announced it provided a $19 million loan to a family-owned forest products company. The loan is secured by all real and personal property along with the timber rights of the company and reflects a total commitment by Stonebriar of approximately $43 million. Proceeds of the overall commitment were used in the construction of a state-of-the-art plywood and veneer facility that replaced a facility previously destroyed by fire.

Steve White, Executive Vice President of Stonebriar, said, “We have provided financial support via our loans to this company since 2016. It has been a rewarding process to see the customer complete the new facility and begin to supply its customers with a superior product line.”

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