Gerber+ Funds $11MM Line of Credit to Prominent NY-based Real Estate Holding Company
Gerber+ makes its mark with second large-scale deal
NEW YORK, January 14, 2021 – Gerber Finance, a leading finance partner for companies experiencing accelerated growth, today announced it has provided a $11 million line of credit to a prominent Brooklyn-based real estate holding company. This is the second deal under Gerber Finance’s new Gerber+ division that services businesses seeking funding ranging from $10 to $25 million.
The real estate holding company selected Gerber Finance for its fast and flexible structure and hands-on partner approach. The company will be leveraging the funding to take advantage of new opportunities. The deal closed within two weeks of its inception.
“We are tremendously excited that Gerber+ is quickly expanding its offering to new businesses in all industries,” said Jennifer Palmer, chief executive officer, Gerber Finance. “We recently launched Gerber+, so closing this deal is a huge step in the right direction for our organization. There has been an increasing need for this service in the market, and we’re proud to be working alongside these fast-growing companies as a trusted financing partner.”
Gerber+ is a new division of Gerber Finance focused on larger deals, allowing the company to appeal to new clients, and grow with existing clients. Gerber+ clients benefit from the company’s ability to offer quick turnaround times – including closing and making accommodations quickly – along with personalized, white-glove service.
About Gerber Finance
Gerber Finance is the leading financing partner for companies experiencing accelerated growth. Its asset-based lending (ABL) structure allows companies to retain equity while driving sustainable profit. The company’s flexibility, care, and tailored structures make them an ideal partner for companies with seasonality in their business. Gerber Finance is an eCapital Corp. company. For more information, please visit: https://www.gerberfinance.com/.