Business Capital provided construction financing for Idaho-based vineyard 3 Horse Ranch Vineyards. The credit facility will support a new winery that will offer custom wine-making services, underground barrel storage and a viticultural center.
“When I first met Gary and Martha Cunningham, we learned their bank had backed out after construction was well underway and options were limited to high yield debt,” Chuck Doyle, managing director at BizCap, said. “It was obvious they are people of great character, the epitome of the American Dream, and determined to realize their goal of building a premier winery and event center in the Northwest. This required financing at a low cost and our team was honored to hang in with them and deliver.”
“The team at BizCap helped us develop a professional package to present to investors, they found the right partner for us and led the way throughout the process of a very complicated loan during a very difficult time,” Gary and Martha Cunningham, owners of 3 Horse Ranch Vineyards, said in a joint statement.