Legacy Corporate Lending provided a $25 million asset-based credit facility to Fairway Lumber, a wholesale trader of lumber, plywood, wood pellets and related products founded in 1997 and primarily operating on the East Coast. The financing was finalized in March.
“Fairway Lumber’s growth efforts resonate with our mission to empower businesses through flexible and responsive financing solutions,” Clark Griffith, CEO of Legacy Corporate Lending, said. “We are proud to be Fairway Lumber’s partner of choice on this transaction and look forward to supporting them as they continue to execute their strategic growth plans.”
“The Legacy team’s deep understanding of our industry and ability to provide a tailored financing solution has been instrumental in facilitating our growth initiatives,” Rich Spallone, CEO of Fairway Lumber, said. “Legacy was a valued partner on this important financing, and we look forward to a continued partnership.”
“We are pleased that our in-depth industry knowledge and ability to quickly deliver a bespoke credit facility provided Fairway Lumber with confidence that its business needs would be met in an efficient and effective manner,” Margaret Ceconi, executive vice president of portfolio and underwriting at Legacy Corporate Lending, said.
