Prime Shine Express, Modesto, CA
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Client's Objectives
- To address short term refinancing needs
- To better lever existing real estate assets
- To provide financing for planned growth
Outcome
Centerra Capital was engaged by Prime Shine Express to re-capitalize the company’s Balance Sheet.
In December of 2007, Prime Shine closed on a financing package that successfully replaced their existing, short-term, permanent financing with long term, low interest loan. This financing also included a credit line for future expansion. Despite the increase in the amount borrowed, Centerra was able to negotiate a rate and terms that made the monthly payment lower than it had been with the previous financing package.
