Amerisource Business Capital closed and funded a $4.5 million credit facility for a Texas-based real estate firm, which is using the proceeds to refinance a maturing bank loan.
“This was a rapid closing for a very seasoned real estate firm,” Daniel Martinez, regional market manager for Amerisource, said. “With our deep roots in the Houston market, we were able to underwrite and approve this facility very quickly. We look forward to our continued partnership.”
“We were able to quickly assist a local bank looking to reduce its commercial real estate exposure,” Bill Herrington, EVP of Amerisource, said. “This transaction was beneficial to the client, the bank and to Amerisource.”
Amerisource is a direct lender and capital provider to businesses with borrowing needs up to $20 million.