CG Commercial Finance Completes $10.2MM Lease for Construction and Engineering Services Company

IRVINE, Calif. — (BUSINESS WIRE) — June 25, 2015CG Commercial Finance has completed an operating lease in the amount of $10,206,405 for yellow iron, Manitowoc cranes, fleet trucks, Skytrak forklifts, wheel loaders and backhoes.

Our client is a leading general engineering contractor focused on heavy civil construction with a 24 year history of building public sector projects. Our client’s projects include construction of bridges, rail transportation, water resource, and earthquake reconstruction projects throughout the United States.

The transaction was structured as a 60 month, sale-leaseback operating lease to monetize existing equipment assets resulting in improved financial ratios and increased liquidity.

Although the company exhibited high cash flow, there existed some credit challenges due to historical net profitability. CGCF’s underwriting team performed an in-depth analysis of the historical financial statements and projections based on the business backlog to understand the longer term positive credit outlook for the company. Additionally, CGCF’s structuring and asset management teams successfully structured the operating lease around the various issues associated with the client’s subsidiary joint venture interests. CGCF also managed multiple appraisals, lien releases and subordinations with various banks, and inspection sampling required for a successful funding.

About CG Commercial Finance

CG Commercial Finance is a global specialty finance company whose primary expertise includes financing for capital equipment, and structured project and debt financing for mid-sized and large companies. CGCF employs an advisory approach and discovery process to first understand its client's unique situation and then to apply its extensive knowledge of business operations, GAAP, IFRS, Tax, and Managerial Accounting to structure and deliver the best fit solution for its clients.



Contact:

CG Commercial Finance
Jonathan Albin, (949) 720-9511 ext. 340
Email Contact




Review Article Be the first to review this article
Featured Video
Jobs
Mid-Level Mechanical Engineer for Kiewit at lenexa, Kansas
Mechanical Engineer for Allen & Shariff Corporation at Pittsburgh, Pennsylvania
Director of Process Engineering. for Tekni-Plex at Toledo, Ohio
System Designer/Engineer for Bluewater at Southfield, Michigan
Director, Business Development for Kongsberg Geospatial at remote from home, Any State in the USA
Director, Business Development for Kongsberg Geospatial at Ottawa, Canada
Upcoming Events
Montréal Manufacturing Technology Show (MMTS) 2018 at Place Bonaventure Montréal Canada - May 14 - 16, 2018
ESPRIT World 2018 at Indianapolis Marriott Downtown 350 West Maryland Street Indianapolis IN - Jun 11 - 15, 2018
HxGN LIVE 2018 at The Venetian Las Vegas NV - Jun 12 - 15, 2018
IMTS2018 International Manufacturing Tech Show at McCormick Place Chicago IL - Sep 10 - 15, 2018



Internet Business Systems © 2018 Internet Business Systems, Inc.
25 North 14th Steet, Suite 710, San Jose, CA 95112
+1 (408) 882-6554 — Contact Us, or visit our other sites:
AECCafe - Architectural Design and Engineering EDACafe - Electronic Design Automation GISCafe - Geographical Information Services TechJobsCafe - Technical Jobs and Resumes ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise