Stonebriar funds lease for ethanol facility

Stonebriar Commercial Finance has announced its $23 million participation in the funding of a $33 million lease financing for an ethanol facility owned by a major international company.

Steve White, senior managing director and head of Capital Markets, stated: “This was a very complex transaction that required the full support of Stonebriar’s strong team.” White added: “Our chief risk officer, Jeff Wilkinson, was instrumental in understanding the industry and asset. I am delighted that we were able to approve and close the transaction in under three weeks.”

Stonebriar Commercial Finance has financial backing from Kansas-based Security Benefit Corporation which has more than $28 billion in total assets under management. The company provides financing solutions to a broad range of middle market and large business enterprises in the US and select foreign jurisdictions.