Situation
The company was seeking to refinance a portion of its corporate credit facility and wanted to close within a tight timeframe period to pay off its existing lender.
AIC Industrial’s Solution
AIC Industrial and the company agreed to do a sale leaseback transaction, providing approximately 33% more in proceeds than would have been obtained with a traditional mortgage. The transaction was closed in 17 business days from the signing of the LOI on the original terms agreed to between the parties.