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Amerisource Closes $4.5MM Credit Facility for Real Estate Firm

July 31, 2020, 08:00 AM
Filed Under: Real Estate

Amerisource Business Capital announced the closing and funding of a $4,500,000 credit facility for a real estate firm based in Texas. The proceeds are being used to refinance a maturing bank loan.

Daniel Martinez, Regional Market Manager for Amerisource, stated: “This was a rapid closing for a very seasoned real estate firm. With our deep roots in the Houston market, we were able to underwrite and approve this facility very quickly. We look forward to our continued partnership.”  Bill Herrington, EVP of Amerisource, added, “we were able to quickly assist a local bank looking to reduce it’s commercial real estate exposure.  This transaction was beneficial to the client, the bank, and to Amerisource.”

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