A PE firm purchased a company that builds communication towers and found themselves in a precarious position that required a bridge loan until they were able to meet standard lending covenants. We quickly stepped in and provided the financing that the PE firm needed. After 2 years, the PE firm hit their target and moved on to less expensive financing.
In the end, the client was satisfied, saying, “Loeb was flexible and provided immense understanding. They get it because Loeb isn’t a banker; they are equipment guys”