IRVINE, CA, June 19, 2019 – Nexseer Capital announced that it had completed a $36.2MM equipment and project funding for a $3BN revenue food products manufacturer. The financing included the construction and installation of a frozen food storage facility, FF&E, and tenant improvements essential to complete the project.
Nexseer was able to provide and manage a multifaceted construction funding schedule that involved a substantial amount of “soft collateral” (engineering, design and installation services) to complete the project.
Scott McCullum, President of Nexseer, said, “this client and transaction is a great illustration of our capabilities to work through complex situations, provide custom solutions, high touch service and efficient project management. Due to the significant amount and duration of the construction, the company struggled to find a lessor or lender willing to finance the project. Their alternatives were cash or a bond and neither represented an ideal solution. We have been working with this client on a variety of lease projects for nearly a decade, and I’m very proud that we were able to get this difficult transaction done for them.”
About Nexseer
As a direct lender throughout the United States and abroad, the deal structuring experts at Nexseer Capital solve for the equipment and project finance needs of mid-sized and large companies. We leverage our decades of experience as dealmakers across a range of asset classes, financing structures, and economic cycles to solve problems and deliver execution confidence. In other words, we help you move from complexity to clarity.