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Stonebriar Commercial Finance Celebrates Record-Breaking Year

February 21, 2023, 07:07 AM
Filed Under: Industry News

Stonebriar Commercial Finance (“Stonebriar”) continued to serve its valued customer base, originating $2.3 billion of new business volume for 2022, a 53% increase over 2021, while increasing ending receivables and serviced assets to over $5.6 billion. The significant increase in volume resulted in a 54% increase in operating income and a 57% increase in ending receivables.

“We are thrilled to celebrate Stonebriar’s 8th anniversary, having closed another year since inception with zero credit losses. Stonebriar’s unwavering commitment to its strong transactional credit culture, coupled with its focus on integral essential assets and the hard work of a dedicated and cohesive team are all factors in Stonebriar’s continuing success,” said Dave B. Fate, Chief Executive Officer of Stonebriar. “I am very proud of our team’s ingenuity and accomplishments.”      

“In the face of a rapidly changing rate environment, 2022 saw Stonebriar successfully extend and increase both its $1.5 billion senior warehouse and $350 million unsecured bank facilities ” said Nicholas Sandler, President of Stonebriar. “Additionally, Stonebriar issued two over-subscribed “AAA”-rated securitizations totaling over $1.4 billion and placed four new series of investment-grade rated unsecured notes via private placement in challenging market conditions. Our balance sheet strength and stability has Stonebriar well-positioned to continue helping build businesses, industries and serve our communities in 2023 and beyond.”  

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