Concord Financial Advisors closed a $3.75 million credit facility, consisting of a $3.5 million senior secured revolving line of credit and $250,000 term loan, for Chicago-based II In One Contractors.
Concord created a detailed memorandum featuring the company’s management team and its industry position as one of Chicago’s leading minority-owned contractors. Utilizing Concord’s 100+ years of collective corporate finance experience and strong relationships with multiple lenders, Concord quickly identified qualified banks and other financial institutions that were knowledgeable in the industry.
After conducting a targeted search process for local banks who understand the industry, Concord secured a loan structure from a local bank that met all of the company’s financing objectives.
The company specializes in carpentry, excavation, form and place concrete, masonry, reinforcement steel placement and structural steel erection.
“Concord’s lender contacts and full-service debt placement process saved us a significant amount of time and resources as Concord managed the entire transaction process and negotiated an attractive deal structure with a local bank who understands our business. We are very pleased with the results and highly recommend Concord’s services,” said Robert J. McGee, Jr., president of II In One Contractors.
Concord Financial Advisors acted as exclusive financial advisor to II In One Contractors on this transaction.
