One Source Business Capital has secured a $5.1 million bridge loan for an oceanfront inn/spa/restaurant on Maine’s coast.
The business was exiting Chapter 11 bankruptcy. David Marcantonio of OSBC secured the financing on behalf of the undisclosed borrower. Terms of the financing were not disclosed.
“We were happy to assist this business in Maine secure the funding they needed to remain operational while also saving them money,” said Marcantonio, the president and founder of OSBC. “I developed strong relationships over the years with the nation’s top private lenders, largest banks and non-bank lenders so I can connect businesses with the right lender for their needs to ensure success.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles.
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