Stonebriar provides $32.7m in PDP finance for new business jet
Stonebriar Commercial Finance (SCF) has provided a $32.7m, 10 month interest only loan financing for a new Bombardier Global 6000 business jet .
The borrower is one of the world’s leading business aviation companies that offers private jet travel without the responsibility of aircraft ownership.
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Michael Amalfitano, EVP, senior managing director, Business Aviation Finance at Stonebriar said: “SCF worked closely with our client and the manufacturer (OEM) to quickly design a simple, efficient, reliable and creative PDP financing solution that capitalised on our extensive knowledge in business aviation assets to solve the client’s aircraft and financial objectives in a tight time frame while aiding our OEM relationship.”
Stonebriar is a privately held commercial finance company established in 2015 and based in Plano, TX.
The company has funded and committed to in excess of $550 million in financing. Stonebriar specialises in transactions for businesses in industries including aviation, rail, marine, transportation, manufacturing, energy and corporate real estate.