MCG finances $325 Million for a fashion firm based in NYC

Hybrids, a combination of a loan and line of credit, are complicated. We were able to get it done and give them favorable terms because they have had an a proven track record for over 25 years”

— Stan Bril

NEW YORK CITY, NEW YORK, USA, January 27, 2020 /EINPresswire.com/ — Private Lending Firm MCG, recently financed a New York based fashion firm. The deal, worth $325 million, consists of a term loan in the amount of $195 Million and a $130 Million working line of credit. MCG has earned a reputation as the go-to lender for those in need of flexible capital. "Hybrids, a combination of a loan and line of credit, are complicated. We were able to get it done and give them favorable terms because they have had an a proven track record for over 25 years" said Stan Bril, CEO of MCG.

MCG is a non-depository Commercial Lender in 48 states in the US and Europe, with 10 office locations, including in California, Georgia, Florida, Massachusetts, Pennsylvania, New York, London, Barcelona, Bulgaria and Moldova. MCG is an accredited EB-5 company able to facilitate investor visas to the United States. This private commercial lending institution has been providing quality loans since its inception in 2009.

Julianne Teti
MCG
+1 888-412-2006
email us here
Visit us on social media:
Facebook


Source: EIN Presswire