Sterling National Bank's Asset Based Lending Group provided senior secured credit facilities totaling $14,240,000 to W5 Group.
The credit facilities are a renewal of the Company’s existing relationship with Sterling, which began in 1933. Headquartered in Englewood, NJ, W5 Group is in the interior demolition business, principally in New York City. Working with developers and contractors, the Company provides the manpower and equipment to clear interior construction sites prior to renovation or rebuilding.