Briar Capital Real Estate Fund closed a new $2,724,000 real estate loan facility consisting of a $2,224,000 term loan and a $500,000 revolving line of credit, both secured by the company’s commercial real estate.

The borrower is a well-established spirits and wine company located in Northern California that produces and builds brands worldwide, selling its award-winning beverage products both domestically and internationally.

In 2024, the company’s financial performance fell short of expectations, resulting in a breach of its financial covenants with its bank. Additionally, the company found itself over-advanced on its line of credit. Having been placed in forbearance, the bank communicated its desire to exit the relationship.

The real estate portion of the transaction was referred to Briar Capital by a well-known national financial advisory firm, while a traditional asset-based lender was engaged to provide a working capital facility. Both loan facilities closed concurrently and, together, not only paid off the incumbent bank but also generated additional liquidity used by the borrower for working capital.

“We were honored to be referred this opportunity by one of the most respected financial advisory firms in our industry and to play a key role in helping this business achieve its financing goals,” said Jill Kirshenbaum, Senior Vice President at Briar Capital, who originated the transaction. “Our ability to move quickly and structure a flexible solution that included a line of credit helped to provide the company with the liquidity it needed to pursue its growth plans.”

Leah Goldberg, Briar Capital’s CFO, who managed the closing, added, “This transaction was another great example of teamwork between Briar and our lending partners — something we have become known for. Coordinating with multiple parties and ensuring a simultaneous close required precision and persistence, resulting in a financing structure that positions our borrower for continued success.”