Business Capital delivered a $6 million term loan to the Vezer Family Trust, an entity that owns several commercial and residential real estate properties, as well as operating entities that include a heavy construction and industrial equipment service business, and estate winery and vineyard.
Located in the Suisun Valley, CA, the winery is best known for its petite sirah and zinfandel, which are rated among the best in the region and used in other well-known wine brands. The client’s real estate holdings, which include a restaurant, apartments and tasting rooms, are revenue-generating and hold significant equity which Business Capital was able to leverage to provide additional liquidity.
“BizCap always provides viable solutions, they never come up empty and the deals presented are always sound, realistic and very competitive,” said Frank Vezer, CEO of Vezer Family Trust. “The two executives that I have worked with, Mr. Chuck Doyle and Mr. Reed Upson, are both extremely hardworking, dedicated, and very honest. When these men agree to take on a project, they follow it all the way through to a successful closing.”
This is the second successful transaction between Vezer and Business Capital. In 2012, BizCap was engaged to raise capital for Vezer’s company, Machine Repair International.
“It’s especially satisfying to be retained by clients on a repeat basis and deliver results,” said Chuck Doyle, managing director of Business Capital. “We strive to develop relationships based on trust, communication and respect – our relationship with Frank and his enterprises is a great example of that.”