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Lawrence Financial Group Funds $350MM in Q3/2015

October 19, 2015, 07:31 AM

Lawrence Financial Group announced funding a record $350 million of asset-based loans in the third quarter, 2015.

The largest transaction was a $310 million financing for three million square feet of office, industrial and retail properties. These were located throughout Southern California, the Inland Empire, San Diego and Orange County. Proceeds were used to refinance two maturing CMBS loans as well as for capital and leasehold improvement.

BELLUM ENTERTAINMENT, Burbank, CA, obtained a $4 million revolving line of credit. Bellum produces and distributes syndicated television programming. The proceeds will fund production of new shows as well as purchases of production equipment.

CIREON LIGHTING acquired a $2.5 million revolving line of credit to further its expansion. Founded in Moorpark, CA, in 1988, Cireon designs and manufactures state of the art area LED lighting fixtures as well as solid state products.

SODA CREATIVE got a capital infusion from SBA. Funding is for purchase of new equipment, as well as for its growth. The firm is a Los Angeles based entertainment advertising and branding organization specializing in web design and other promotional programs for its clients.

BEST CONSULTING accepted a revolving credit facility from a bank. This money will be used to develop and expand its existing programs for autistic and otherwise developmentally challenged individuals. The firm, based in Sacramento, CA, utilizes applied behavioral analysis to benefit its patients.

ROGUEWOOD FURNITURE of Grant’s Pass, Oregon, received a working capital line of credit from FSW Funding our joint venture, to fund expansion and re-structure existing debt. The firm provides wooden showcases.
A company that is located at the Long Beach Airport that provides fuel saving parts for classic and heritage MD twinjets received a $2 million working capital facility. In addition to the economic benefits of its proprietary products, it affords operators significant ecological improvements.

In addition to the above, Lawrence Financial funded four other real estate-based loans for its clients with a total value in excess of $10 million.

Lawrence, founded in Los Angeles in 1990, has assisted more than 1,000 companies to obtain financing for growth, expansion, acquisition and re-structure. Leading the Lawrence team is Chairman Lawrence Hurwitz and Managing Partner Haze Walker.

Lawrence specializes in providing asset-based financing including loans secured by accounts receivable and inventory, as well as term loans on equipment and Intellectual property. Other areas of expertise include purchase order loans, financing companies selling to offshore customers. Lawrence also arranges subordinated debt, mezzanine and junior subordinated funding, cash flow and DIP loans.

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