ATC Managers Business Directories

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ATC Managers Closes $54.75MM Deal for Business Acquisition and Term Loan

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Cleveland, OH - July 25, 2024 - ATC Managers closed a $54.75 million fixed-rate business acquisition and term loan. This deal facilitates the purchase of a division from a manufacturing company located 37 miles north of Downtown Cleveland, Ohio, while also refinancing a portion of its existing equity and term debt. This achievement is particularly notable as it marks the inaugural transaction under ATC Managers’ new online business model. The loan was approved and closed in 28 days, meeting the seller’s critical timeline. The loan structure includes an initial three-year term with the option for two additional one-year extensions, given the client meets certain performance conditions. “ATC Managers has established itself as a leader in the lending industry over the past three years,” Vanmatre Wilbur , CEO of ATC Managers, said. “We are delighted to welcome this new client to our firm. Our team continues to actively originate loans across all of our loan programs, and we will remain ...
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ATC Managers Closes $18.3MM Bridge/Note Purchase Loan

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  ATC Managers closed an $18.3 million bridge loan. This loan refinances an existing note purchase loan secured by a commercial office building. The borrower, an experienced real estate investor, initially acquired the note with the intent to purchase the office property. However, unforeseen legal challenges concerning the property delayed the acquisition process, necessitating additional time to resolve these issues. Understanding the urgency of the situation, the team at ATC Managers acted swiftly to secure a bridge loan with more favorable terms than the borrower’s previous financing. This new loan not only provides the necessary time to address the legal matters but also offers a more competitive interest rate, reducing the financial strain during this transition. “We are proud to have supported our client through this complex transaction,”  Vanmatre Wilbur , CEO of ATC Managers, said.  “Our ability to deliver swift, efficient financing solutions customized to our cl...
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