Another Successful Financing Closed!

A metal fabricating client of Cambridge Financial Services recently closed over $31.5 million in a refinancing of its credit facilities with a New Jersey based bank. The deal included $12.5 million in mortgage loans, a $12.5 million line of credit, and over $6.1 million in equipment terms loans. Managing Director Nick Jalowski was instrumental in compiling the credit proposal for the client, negotiating the terms of the deal and seeing it to successful completion. The client was fully satisfied as they closed the financing and locked in lower interest rates just before they started to rise. Nick Jalowski stated, “This is a long time client of the firm that has been doing phenomenal all through the pandemic. They are growing and this financing will assist in the company’s plans for the future! We were delighted to help them on this assignment.”

Another successful deal thanks to Cambridge Financial Services, LLC!