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OSBC Provides $5M Bridge Loan for Maine Restaurant

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.”

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About David Cohen

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. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

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