Borrower is an owner/operator of a fuel distribution facility and had two interesting acquisition opportunities (one in fuel distribution and another in a related business). Both acquisitions needed to be closed within 30 days and, if accomplished, 1) would be highly accretive given the favorable acquisition pricing, and 2) could get done before the winter fuel season and a large part of the acquisition cost could be recouped in the first year. ​

Southeast Bridge Capital was able to close the deals within the customer’s timeline, utilizing an existing asset base (other real estate assets) to shore up the uncertainty around the acquisition properties. Southeast Bridge Capital's loan not only allowed for the acquisitions but also 1) provided for future acquisitions, and 2) allowed the customer time to incorporate the new acquisitions and exit through a GGL execution once the combined company is stabilized.

Southeast Bridge Capital has underwritten its bridge loan to an SBA exit and has worked in concert with the SBA business development officer who will process the permanent loan once the customer has stabilized the acquisitions.  Southeast Bridge Capital’s ability to bridge the transaction has created value for the customer via the acquisition and should result in a straightforward SBA execution for the business development officer.