Stonebriar delivers $32.7MM pre-delivery payment financing
Stonebriar Commercial Finance (SCF) provided a $32.7 million, 10 month interest only loan financing for a new Bombardier Global 6000 business jet to accomplish time sensitive year-end client objective.
Borrower is one of the world’s leading global business aviation companies offering exceptional quality and reliability of private jet travel without the responsibility of aircraft ownership. Flight solutions are designed for high-net-worth individuals, entrepreneurs and corporates needing to fly regularly with guaranteed availability.
Michael Amalfitano, EVP, Senior Managing Director, Business Aviation Finance at Stonebriar stated, “SCF worked closely with our client and the manufacturer (OEM) to quickly design a simple, efficient, reliable and creative PDP financing solution that capitalized on our extensive knowledge in business aviation assets to solve the client’s aircraft and financial objectives in a tight time frame while aiding our OEM relationship.”
About Stonebriar Commercial Finance: Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation, Stonebriar is building a world class, multi-billion dollar platform of commercial loans and leases. Since its inception in April 2015, Stonebriar has funded and committed to in excess of $550 million in financing. Stonebriar specializes in transactions for businesses in a wide variety of industries (aviation, rail, marine, transportation, manufacturing, energy and corporate real estate) throughout the entire credit spectrum located in the United States, Canada and select other foreign jurisdictions.
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