Daily News: February 13, 2015

Pacific Mercantile Provides Financing to Marina Landscape

Pacific Mercantile Bank announced that it has provided approximately $19 million in financing to Marina Landscape to help fund ongoing operations and expansion plans. The total financing package consists of a working capital credit facility, a term loan to finance equipment purchases, and the refinancing of a commercial real estate loan.

“We needed a bank that had the ability to grow along with our company and we were very pleased with the creative financing solutions that Pacific Mercantile Bank developed for us,” said Bob Cowan, president and CEO of Marina Landscape. “The senior management and lending team spent a great deal of time with us in order to learn our business, and we were able to develop the level of trust that we want in our financial partner.”

“Marina Landscape is one of Orange County’s great small business success stories and serves some of the premier entertainment, sports and hospitality venues in the country,” said Tom Vertin, president of Commercial Banking for Pacific Mercantile Bank. “We are proud to be a part of Marina’s continued growth as they build on more than 40 years of success.”

Anaheim, CA-based Marina Landscape is a landscape construction company that specializes in large-scale landscape construction and maintenance projects throughout the western United States.