Daily News: July 10, 2019

North Avenue Provides $15MM Facility for The Moon Group


North Avenue Capital (NAC), a specialized commercial lender headquartered in Ponte Vedra, FL, closed a $15 million debt financing for The Moon Group.

Moon encompasses three well-known commercial brands operating along the East Coast and in the Midwest. Moon Nurseries produces more than 500 varieties of trees and shrubs for wholesale. Moon Landscaping provides commercial and residential landscape design, installation, and management. Moon Site Management offers ground management services for commercial, institutional, and industrial sites.

Moon was founded in 1767. The company has served customers ranging from Arlington National Cemetery to The City of New York to Amazon. The financing provided by NAC will be used to consolidate long-term debt, expand lines of credit, and provide valuable working capital. The loan preserves more than 400 full-time and seasonal jobs throughout Maryland and the surrounding states.

“Like many rural businesses, Moon had been run through the ringer by traditional lenders and needed a fresh start with a new approach. NAC came alongside John and his team to understand their unique history and develop a loan structure that equipped them to execute,” said NAC President Eric Johnson.