A national restructuring and turnaround firm, ACM Capital Partners has enabled Advanced Roofing in Ft. Lauderdale to obtain an asset-based loan worth $7.5 million that would help the company fund its government, domestic and foreign receivables and inventory, reduce its interest payments and allow capital growth in a challenging market. Furthermore, ACM was instrumental in refinancing of $2.0 million of the current real estate commercial debt.
At a difficult time for the commercial roofing and construction industry, ACM led a formal credit course of action, in which they listed out conventional and non-conventional money-lenders. The novel program enabled the customer to continue a conventional bank account and walk out of a stale banking relationship that had lowered the liquidity of the company, ensuring saving an annual interest of above $150,000.
According to Advanced Roofing CEO, Rob Kornahrens, ACM enabled streamlining of operating costs and designed a method whereby there was a possibility of improved financing using novel sources allowing considerable savings in interests and a positive step forward to recovery. There is an increasing demand for its Advanced Green Technologies solar business and re-roofing, especially where there are incentives present, he added.
ACM’s managing partner and founder, Jim Martin stated that this novel loan program brings its total refinancing transactions to over $840 million. He also expressed his pride in the fact that the company was able to support creditors and debtors alike in the current challenging economic conditions.
Source: http://www.acmcapitalpartners.com