Gerber Finance provided an $11 million line of credit to a Brooklyn-based real estate holding company.
The transaction is the second deal under Gerber Finance’s new Gerber+ division, which services businesses seeking funding ranging from $10 million to $25 million.
The real estate holding company put the capital toward new opportunities.
“We are tremendously excited that Gerber+ is quickly expanding its offering to new businesses in all industries,” Jennifer Palmer, CEO of Gerber Finance, said. “We recently launched Gerber+, so closing this deal is a huge step in the right direction for our organization. There has been an increasing need for this service in the market, and we’re proud to be working alongside these fast-growing companies as a trusted financing partner.”
