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LCG Closes Two SBA Loans

LCG Closes Two SBA 7 (a) Loans

Tampa, FL (February 5, 2010) The Tampa office of LCG Capital Group announced today that it successfully closed two SBA 7 (a) loans in January. The first transaction was a $250,000 commercial real estate refinance for a Tampa-based truck and heavy equipment repair company. The second transaction was a $150,000 equipment loan for a large fitness center located in Lee County, FL.

LCG Vice President Joseph Bonora worked exclusively on behalf of the borrowers to secure the loans through two of LCG's lending partners. Regarding the transactions, Mr. Bonora stated "The successful closing of both transactions is a testament to the strength and quality of our clients, and illustrates our ability to get deals closed in even the toughest lending environment."

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Closes $1.2MM ABL Deal

LCG Arranges $1.2MM Working Capital Line for Contractor

Tampa, FL (January 21, 2010) – The Tampa office of LCG Capital Group announced today that it has successfully arranged a working capital line of credit for an electrical contractor in Tampa, FL. The transaction was a $1.2 million asset-based loan, used to pay off the company's existing debt, and provide it with additional working capital for growth.

LCG Vice President Joseph Bonora worked exclusively on behalf of the borrower to secure the loan through a Tampa-based community bank. Regarding the transactions, Mr. Bonora stated “Being in a construction-related business made it difficult for our client to find a bank willing to work with them. We were able to assist the borrower in finding a new banking relationship and getting them the capital they needed.”

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Expands to Midwest, Opening Offices in Chicago, Indianapolis

Thursday, August 06, 2009

LCG Capital, based in Tampa, FL, is expanding its resources in order to assist more businesses in managing through the credit crisis and these tough economic times. LCG, which now employs 28 professionals, recently added seasoned investment bankers, former commercial lenders, and CPA's to provide additional resources to its clients. Over the last several months, LCG has added staff in the areas of commercial real estate lending, Small Business Administration (SBA) lending, structured debt, private equity, turnaround management, and mergers & acquisitions.

Among the expansion is the opening of offices in Indianapolis and Chicago. Clint Mitchell has joined LCG as managing director and will work from both locations. He will assist companies in raising capital, restructuring, and mergers & acquisitions. In addition, he will work with investment funds and specialty finance companies to raise the necessary capital for portfolio funding. Mitchell is managing director, Corporate Finance, and brings more than 12 years of corporate finance experience to LCG, having worked at private equity backed finance companies, startup specialty lenders, and large diversified finance companies. For the past seven years, Mitchell has focused on providing senior and junior capital for specialty finance companies, investment funds and niche alternative lenders.

Most recently, he was vice president at CIT Group, in its Financial Services Group. He has also held roles in business development, credit underwriting, portfolio management, and loan workout for First Capital, Textron Financial and DMAC.

He is actively involved in local and national chapters of the ACG and the CFA. Mitchell has led financings involving leveraged loans, structured capital, asset-based facilities, mezzanine debt and M&A across a variety of manufacturing and business services industry segments. Particular industry expertise includes telecommunications, energy, food and agriculture, security, and financial services.

LCG Capital Successfully Arranges Financing for Two Companies

Tampa, FL (May 27, 2009) – The Tampa office of LCG Capital Group announced today that it has successfully arranged financing for a new Microtel hotel in the Tampa area. The transaction was a $4.1 million SBA 504 loan, utilized for the construction of a new 69-room, Microtel brand hotel in Hernando County, FL. The hotel will be located at 4881 Commercial Way in Weeki Wachee, Florida, and is scheduled to open in early-to-mid 2010.

LCG worked exclusively on behalf of the borrowers to secure the loans through a Florida-based commercial bank. Regarding the transactions, LCG vice president Joseph Bonora stated “In light of the current lending environment, the successful closing of this transaction is a testament to both the strength and quality of our clients, as well as the deep relationships we at LCG have with our capital sources.”

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Arranges Financing for Tampa Industrial Property

Tampa, FL (July 21, 2009) – The Tampa office of LCG Capital Group announced today that it has successfully arranged financing for the refinance of an industrial property in Tampa, FL. The property is comprised of 116,600 square feet of office and warehouse space, half of which is occupied by the property owner. The proceeds of the $2.6 million loan were used to pay off the existing first mortgage, and provide the borrower with cash for working capital purposes. LCG vice president Joseph Bonora worked exclusively on behalf of the borrowers to secure the loan through a Tampa-based community bank.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company is known for handling complex transactions, and has built deep relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Finances Sub-performing Note Acquisition

Tampa, FL (July 27, 2009) –LCG Capital Group announced today that it has successfully arranged financing for a distressed debt fund to acquire a sub-performing loan from a super regional bank. LCG vice president Joseph Bonora worked exclusively on behalf of the borrower to secure the $1 million hypothecation financing through one of its private equity partners.

Regarding the transactions, Mr. Bonora stated "With the increasing number of bank failures and defaulting loans, we are seeing a significant uptick in demand for note acquisition financing. Buyers of distressed debt are looking some leverage in order to increase their yields, and we are happy to accommodate borrowers looking to execute on this strategy.”

With offices in Tampa, New York, Miami, Atlanta, Chicago and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG to Co-Sponsor Business Seminar

LCG Capital and Shumaker, Loop & Kendrick Present: Accessing Capital and Seizing Opportunities in a Challenging Market

Strategies to Emerge the Winner in Your Industry

On Wednesday, March 25, 2009, LCG Capital, Shumaker Loop and Neuberger Berman will comprise a panel of experts at the University Club in Downtown Tampa located at One Tampa City Center, 38th Floor. This breakfast seminar will go from 7:30 am until 9:00 am and will help small business owners answer the following questions:

Is there capital still available for my business?
What options are available to businesses that are in financial trouble?
Can I still sell my business now - who's buying?
If I sell my business, how do I invest and protect my sales proceeds?
How do I emerge a "winner" among my peers and competitors?

This timely seminar will allow small business owners, capital sources and other transaction professionals to benefit from the insight and knowledge of industry experts in the fields of capital raising (debt and equity), commercial real estate finance, merger & acquisition advisory, turnaround/distressed business consulting, bankrupctcy, corporate law, transaction law, securities law, wealth management and trust/estate advisory.

To find out more about the presenters, please vist their websites at www.lcgcapital.com (LCG Capital), www.slk-law.com (Shumaker Loop), and www.nb.com (Neuberger Berman). If you would like to register for the event, please send an email with your name, your company name, email address, telephone number and business address to rsvp@slk-law.com or call Kari Chucko at 813-227-2343.

LCG Capital to Sponsor ACG Tampa Bay Presentation

LCG Capital is Event Sponsor for the Joint ACG Tampa Bay and Bay Area Manufacturers Association (BAMA) Panel Presentation

The Business of Manufacturing in Tampa Bay

Join us at this first-ever joint meeting of ACG Tampa Bay and the Bay Area Manufacturers Association. This meeting will feature a panel of speakers who are leaders and participants in Tampa Bay's manufacturing industry, and we cordially invite you to come hear their views on the state of the industry and the prospects and opportunities for manufacturing companies in our community.

When: Thursday, March 26, 2009, 5:30 pm to 7:30 pm
Where: St. Petersburg Marriott - Pinellas Park, 12600 Roosevelt Blvd., St. Petersburg, Florida
What: Networking, Panel Presentation, Cocktails and Light Buffet
Cost: ACG/BAMA Members - $35, Non-members, $55 ($65 at the door)

To register for the event or for more information, please contatct Sherry Smith, ACG Tampa Bay Chapter Administrator at acgtampabay@acg.org or at 813-205-0776.

LCG Capital Arranges $4MM Working Capital Facility

LCG Capital Arranges a $4MM Senior Working Capital Facility for a National Construction Staffing Company

Tampa, FL (January 28, 2009) -- LCG Capital was approached by a successful construction staffing company, being pressured by an existing lender desiring to exit the loan due to the company's proximity to the construction industry. Within 30 days LCG was able to evaluate, structure, negotiate, and close the new financing for the company. Despite the difficult credit environment, the new financing provided more favorable terms. In addition, the new financing provided significant additional working capital, allowing the company to expand its national presence as competitors struggle.

With offices in Tampa, Miami, Atlanta, Columbus, New York, and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Arranges $4MM SBA 504 Loan

LCG Arranges $4MM SBA 504 Construction Loan

Tampa, FL (January 14, 2009) -- The Tampa office of LCG Capital Group announced today that it successfully arranged a $4 million SBA 504 construction-to-permanent loan for the Brooksville Air Park, a private fixed-based operator (FBO) in Hernando County.

LCG vice president Joseph Bonora worked exclusively on behalf of the borrower to secure the loan through a Florida based commercial bank. Regarding the transaction, Mr. Bonora stated “The successful closings of this transaction is a testament to both the strength and quality of our client, as well as the deep relationships we at LCG have with our capital sources.”

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Advises on Acquisition of Holiday Inn

LCG Arranges $500M for Commercial Office Building Refinance

Tampa, FL (December 15, 2008)-- The Tampa office of LCG Capital Group announced today that it successfully arranged a $500,000 conventional loan for the refinance of a commercial office building in Trinity, FL. LCG vice president Joseph Bonora worked exclusively on behalf of the borrower to secure the loan through a local commercial bank.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Arranges $9MM Term Loan

LCG Capital Arranges $9MM Term Loan

LCG Capital Arranges $9MM Cashflow-based Term Loan for a National Telecommunications Equipment Distributor

Tampa, FL (November 10, 2008) -- LCG Capital secured $9MM in senior capital to refinance the company's existing debt and provide additional capital to acquire a competitor and expand the firms overall footprint. LCG was successful in securing the necessary capital despite the difficult economic conditions and the execution risk associated with the acquisition. LCG Capital's sister company, LCG Advisory Services, also performed the acquisition due diligence and advised the buyer with respect to integration.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital Arranges $7.3MM Construction Loan

LCG Capital Arranges $7.3MM Construction Loan for Entertainment Center

Tampa, FL (November 5, 2007) -- When the developers of the first Firkin and Kegler Pub in Florida realized a shortfall in their original construction loan, they turned to the experts at LCG Capital Group for the money needed to finish their project. Due to the type of project it was - a sports bar and bowling alley - the developers had experienced a number of rejections from various banks and lending institutions prior to meeting the LCG team. In less than 60 days, LCG was able to successfully structure and close the new construction to permanent financing for the developers, and get them back track for a January 2008 opening.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Closes $3.6MM Bridge Loan

LCG Capital Procures $3.6MM Bridge Loan for Retail Center in NY

Tampa, FL (November 19, 2007) -- Seeing an opportunity to acquire the shopping center where he leased retail space, our client needed to find capital quickly. With his purchase price well under market value, our client, knowing he wouldn't have much time to close the deal, turned to the professionals at LCG Capital. Within 30 days, the team at LCG was able to arrange a $3.6MM, 97% LTC bridge loan with one of its on balance sheet lending sources.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.

LCG Capital News