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Stonebriar Commercial Finance Closes $25MM Secured Term Loan to Lumber Company

July 23, 2024, 07:20 AM
Filed Under: Finance News

Stonebriar Commercial Finance (Stonebriar) announced the closing of an incremental $25 million secured term loan to a major regional lumber company. The loan is secured by all production equipment and other assets such as rolling stock, real estate and timber tracts.

The borrower is a 3rd generation-owned lumber producer that operates sawmills, plywood / veneer facilities, and a pellet plant. The family-owned business was started in 1951 and has 800 full-time employees.

Steve White, Stonebriar’s Co-Founder and EVP said, "We are excited to continue supporting the expansion and success of a long-time customer. It is rewarding to watch the 3rd generation family member taking over the day-to- day operations and assuming the responsibility of being the largest employer in each of the local communities where production facilities are located -- a real American Dream story."







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