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

Harris

Featured Video
Jobs
GIS Software Developer for UDC at Englewood, CO
GIS Analyst for G2 Partners LLC at San Ramon, CA
Architectural Designer for Champion Home Builders at Troy, MI
Vice President, Transportation Services for Associated General Contractors of New York State at Albany, NY
Upcoming Events
GIS-PRO 2017 at Jacksonville FL - Oct 23 - 26, 2017
GEO WEEK 2017 at Washington DC - Oct 23 - 27, 2017
Commercial UAV EXPO Americas at The Westgate Resort Las Vegas NV - Oct 24 - 26, 2017
6th International Colloquium on Scientific and Fundamental Aspects of GNSS / Galileo at Technical University of Valencia Valencia Spain - Oct 25 - 27, 2017
Teledyne Optech
CADalog.com - Countless CAD add-ons, plug-ins and more.



Internet Business Systems © 2017 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 TechJobsCafe - Technical Jobs and Resumes  MCADCafe - Mechanical Design and Engineering ShareCG - Share Computer Graphic (CG) Animation, 3D Art and 3D Models
  Privacy PolicyAdvertise