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BFEC Announces Two Recent Lease Transactions

November 18, 2015, 07:01 AM

Boston Financial & Equity Corporation (BFEC) recently closed two transactions. One was for a “prepared meals to go” company, which is expanding from the Midwest to the East, and along with that growth is the need for packaging equipment. As an emerging growth company they are still sustaining losses, but recently raised an A round of $5 million. BFEC provided the company a lease for $150,000.  The other lessee is a biopharmaceutical company focused on discovering, developing and commercializing new chemical entities from a class of chemically diverse compounds called cannabinoids. As a small public company, not yet profitable, they were unable to obtain bank or vendor financing. BFEC provided the company with a $150,000 lease for much needed lab equipment.

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