CapitalPlus Financial Services announced the successful facilitation of $2 million in funding for a renowned concrete contractor based in New York. "This substantial funding injection allowed the business to bid on major projects and harness growth...
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August 16, 2023, 07:05 AM
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Orion Group Holdings, a leading specialty construction company, closed a new 3-year $103 million senior secured asset based credit facility with White Oak ABL and White Oak Commercial Finance, which are the asset-based lending affiliates of White Oak...
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May 17, 2023, 08:01 AM
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EquipmentWatch released its annual State of the Construction Equipment Economy white paper.To keep a pulse on what is happening in the equipment market, EquipmentWatch analysts survey equipment owners and contractors from across the country. This...
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December 21, 2022, 06:00 AM
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LBC Credit Partners (“LBC”) provided a senior secured credit facility to support O2 Investment Partners’ investment in Capital Construction, LLC (“Capital”), and Capital’s subsequent investment in Irish Roofing & Exteriors, LLC (“Irish”).LBC served...
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March 02, 2022, 07:09 AM
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CIT's Industrial group within its Equipment Finance business provided more than $5 million toward the acquisition of multiple pieces of heavy equipment by a large construction firm. The 10 items of heavy equipment financed by CIT include articulated...
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January 21, 2022, 07:39 AM
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Horizon Technology Finance along with lending partner Trinity Capital announced that they provided a $40 million venture loan to Nexii Building Solutions Inc., a green construction technology company focused on creating environmentally-friendly...
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September 14, 2021, 07:41 AM
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Amerisource Business Capital closed and funded a $3,000,000 senior credit facility for a North Carolina-based industrial construction and trucking firm. The proceeds were to support the company’s ongoing growth. Kelly Collins, Market Manager for...
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September 10, 2021, 07:50 AM
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36th Street Capital announced it recently financed $10 million of construction equipment for a large U.S.-based equipment rental services company.“We’re very excited to help fuel the rapid growth of our client as they support the post pandemic...
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May 25, 2021, 07:08 AM
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Wells Fargo released the results of its 45th annual Construction Industry Forecast, revealing an initial decline in sector sentiment on the tail end of a complicated year, and a renewed optimism for the second half. In November 2020, the bank queried...
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March 17, 2021, 07:20 AM
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CIT Group Inc. announced that CIT Northbridge Credit, its joint venture financing unit, served as sole lead arranger on a $53.8 million senior secured credit facility for Circle 8 Crane Services LLC.
Based in Houston, Texas, Circle 8 Crane Services...
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January 08, 2019, 07:08 AM
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North American Construction Group Ltd. announced an upsized $300 million Amended and Restated Credit Agreement with its banking syndicate led by National Bank Financial. The upsized Credit Facility was executed concurrent with the company's closing...
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November 26, 2018, 07:11 AM
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CIT Group Inc. announced that its Real Estate Finance division provided a senior secured construction loan of up to $35 million for development of a new office building on East 61st Street in Manhattan.
The project -- a planned six-story structure...
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November 01, 2018, 07:16 AM
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TCF Capital Funding, a division of TCF National Bank which is a subsidiary of TCF Financial Corporation, announced that it provided $24,500,000 in secured financing to support Knox Capital Holdings in its refinancing of Stancor, L.P.Headquartered in...
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October 12, 2018, 07:09 AM
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ING Capital LLC announced that it has closed a $25 million credit facility with Ygrene, a national leader in energy efficiency and resiliency financing. The unique structure will expand Ygrene's capabilities in the areas of contractor advances and...
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September 11, 2018, 07:07 AM
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Wells Fargo & Company announced its involvement as a lender for MiamiCentral, a first-of-its-kind, transit-oriented development that serves as the southern terminus to the recently-opened Brightline inter-city express passenger train. Wells Fargo...
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June 13, 2018, 08:00 AM
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Gibraltar Business Capital recently closed three asset-based loans for a variety of organizations to meet their unique business needs.
In just 32 days, Gibraltar closed an $8 million credit facility with a $15 million accordion for a sponsor-owned...
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May 09, 2018, 07:00 AM
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Terex Corporation announced that it has increased the size of the revolving credit facility under its Credit Agreement from $450 million to $600 million. According to a regulatory filing, Credit Suisse AG, served as administrative agent and...
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April 11, 2018, 07:09 AM
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Capital One announced that it has provided a $66 million construction loan to Fairfield Residential for the development of Bear Creek, a 360-unit luxury apartment community in Redmond, Washington, a suburb of Seattle. Capital One has syndicated $22...
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March 02, 2018, 07:11 AM
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Construction industry executives are more optimistic about nonresidential construction activity than they have been since the 21st Century, according to a nationwide survey of industry contractors and equipment distributors released today from Wells...
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March 01, 2018, 07:18 AM
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CIT Group Inc. a provider of commercial lending and leasing services, announced that its Commercial Finance division’s Energy Finance business served as sole lead arranger and administrative agent for $46.5 million in construction-only financing on...
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February 08, 2018, 07:11 AM
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Atlas Sand Company, LLC and BlackGold Capital Management LP announced the closing of a $150 million credit facility to fund a portion of the ongoing construction of Atlas' Kermit and Monahans frac sand plants and for general company purposes.The...
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February 05, 2018, 07:09 AM
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Hilco Valuation Services announced the appointment of Bryan Courcier to Senior Vice President of its Transportation and Construction Advisory business. This new position has been created to build a market leading valuation and advisory platform in...
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January 08, 2018, 08:00 AM
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Natixis provided a $50 million construction loan and arranged a $16.2 million preferred equity position for the development of a 255-unit Class A multifamily community with ground floor retail located in the fast-growing market of Westminster, CO....
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December 08, 2017, 07:06 AM
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Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the acquisition of TRP Construction Group, LLC (TRP) by private equity sponsor MSouth Equity Partners. Based in...
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October 25, 2017, 07:12 AM
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KB Home announced it completed an amendment to its unsecured revolving credit facility to increase the borrowing availability to $500 million from $275 million, with a $250 million letter of credit sublimit, and extend the maturity date to July 2021...
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August 01, 2017, 07:23 AM
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Capital One announced that it provided a $51 million loan to refinance construction debt on Ventana Medical Plaza, a 120,000-square-foot, off-campus medical office building in Tarzana, Ca. The borrower, TriStar Realty Group, is a commercial real...
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July 31, 2017, 07:00 AM
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Global engineering firm McDermott International, Inc. announced it has entered into a 5-year Amended and Restated Credit Agreement with $810 million of capacity for letters of credit and a $300 million revolving cash sublimit. Additionally, the...
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July 05, 2017, 08:00 AM
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Pin Oak Terminals LLC announced that it has closed on a debt facility provided by co-lead arrangers Sumitomo Mitsui Banking Corporation (SMBC) and ING Capital LLC to complete construction of the current phase of contracted tanks at Pin Oak's site in...
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April 21, 2017, 07:14 AM
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Bibby Financial Services (BFS) announced it is providing nearly $3 million in financing to a Georgia-based distributor of insulation, garage doors and exterior gutters for residential and commercial buildings. The asset-based funding will be used to...
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March 14, 2017, 07:15 AM
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Citizens Bank announced that Citizens Commercial Banking is providing a $65 million loan to NED Altoona LLC / New England Development to finance, in part, the construction of a 300,000 square-foot retail outlet center outside Des Moines, Iowa. ...
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February 15, 2017, 07:45 AM
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The construction, consumer and retail, and healthcare industries were the most active in closing deals valued at $75 million or less in the third quarter of 2016, according to a new survey released by CMF Associates, private equity’s preferred...
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November 08, 2016, 07:41 AM
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U.S. middle market companies recorded 7.2 percent average revenue growth in the second quarter of 2016, building upon already strong growth figures from Q1, according to the National Center for the Middle Market (NCMM). Combined with solid jobs gains...
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July 28, 2016, 07:41 AM
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M.D.C. Holdings, Inc. entered into a new five-year $450 million unsecured revolving credit facility. The new facility permits an increase in the maximum commitment amount to as much as $1 billion, subject to receipt of additional commitments from...
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December 17, 2013, 07:29 AM
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