Commercial Finance Partners Closed $25.05 Million Across Three Deals to End Q3
Commercial Finance Partners closed three conventional term loans totaling $25.05 million during the final week of the third quarter, providing long-term financing solutions for companies in the media and outdoor advertising, industrial equipment manufacturing, and commercial facility services sectors. Each transaction carried a 25-year term and addressed complex debt or collateral structures that did not fit traditional bank credit parameters. In two of the three transactions, an existing factor or accounts receivable lender remained in place following the closing.
A New York-based media company secured a $10.5 million conventional term loan to consolidate debt across its operating companies and affiliated real estate holding entity while preserving its existing accounts receivable financing relationship. The company owns and operates outdoor billboard advertising assets and also operates a related creative agency. To accommodate its existing AR facility, accounts receivable were excluded from the term lender’s collateral. The loan was instead secured by real estate in three states, with billboard assets carved out of the mortgages so they could be sold or financed separately. The structure also allows for up to a 20% annual paydown without penalty and includes a reserve with an 18-month release.
In Arkansas, a family-owned industrial equipment manufacturer closed a $4.05 million conventional term loan after accumulating 20 separate debt obligations, including merchant cash advances, equipment loans, bank and online lines of credit, private notes, and a home equity line of credit. Despite a strong order backlog, the company's existing debt structure placed significant pressure on cash flow. The new financing consolidated all 20 obligations into a single 25-year payment, reducing monthly debt service by approximately two-thirds. The transaction also included a negotiated four-year prepayment penalty structure and an interest-bearing reserve.
The third transaction provided $10.5 million to a Florida-based commercial cleaning and facility services company referred by its factor. The business was carrying more than $5 million in stacked MCA debt while its factor had also extended a significant overadvance secured by mortgages on commercial and residential properties. The term loan was secured by two commercial buildings and residential properties in Florida and South Carolina. Proceeds were used to retire the MCA positions and two hard money mortgages and to pay down $1.9 million of the factor’s overadvance in exchange for the release of its mortgages. Following the transaction, the factor remained in place with a $9.3 million facility to provide ongoing working capital.
Closing the Florida transaction required clearing more than a dozen title issues involving multiple properties across two states and coordination among the lender, title company, factor, and an MCA resolution partner.