- Case Studies
McNabb Nutraceuticals LLC
Client:
McNabb Nutraceuticals
Company Type:
Nutraceuticals
Loan Amount:
$ 1,850,000 USD
Location:
Pacific Northwest
This Pacific Northwest scientific lab company serviced a growing healthcare niche at a nationwide level by providing Nutraceuticals to the growing alternative medicine nich.
Opportunity
The Loan Guarantor was willing to collateralize the loan with both business cash flows and real estate valued at over 2 times the loan amount. The CBC Partners Fund I parameters were met, and the CBC Loan Committee structured a suitable loan at higher rate, allowing the company to develop stronger terms for equity sales based on increase sales with stable and growing EBITDA performance.
Results
CBC Partners, Fund I provided a new alternative means of building value for the owners, while also rewarding our limited partners with a performing loan, backed by personal guarantees over 2 times the loan amount, at an attractive interest rate resulting in a superior internal rate of return.
Duration
This short term, high interest rate loan was refinanced and closed successfully in 43 months.
Collateral
Senior Secured Loan backed by a 7.7X collateral with a Personal Guarantee.
IRR
The loan delivered a 17.5% IRR for CBC Partners, LLC Fund I.
Impact
Our client established an excellent track record, and demonstrated profitable growth resulting in stronger EBITDA necessary for favorable financing.
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