Phoenix IB®, a part of J.S. Held, acted as the exclusive investment banker to its long-term client, Spray Products Corporation, in arranging, structuring, and negotiating a $40 million loan package with Legacy Corporate Lending. “Phoenix IB is delighted with the credit package we were able to arrange for Spray Products,” noted Michael Jacoby, a Senior Managing Director at Phoenix IB. “The Legacy team spent the time to understand the Company and its business plan, and tailored a solution that fit Spray’s needs and will provide the necessary support for years to come.” Spray Products is a leading custom contract manufacturer of aerosol and liquid consumer products. Proceeds from the financing will be utilized to refinance the Company’s existing credit facilities and fund additional working capital to finance its continued growth and capital expenditures. Across a broad spectrum of client types, from early-stage start-ups with exciting growth potential to mature companies amid a corporate turnaround, Phoenix IB capital raising services are designed to provide tailored financing solutions across the capital structure, particularly for clients faced with complex growth or funding situations. “The robust interest in financing Spray Products created a highly competitive process, and we are very pleased to have selected the loan package provided by Legacy, which we feel is best positioned to provide needed flexibility as Spray facilitates its next chapter of growth,” shares Steven Warsaw, a Managing Director at Phoenix IB. To learn more, visit: https://lnkd.in/eiymtubW

Phoenix IB was engaged by a leading South Florida Residential & Commercial Drywall Contractor to identify a lending partner that would be best suited to support the company’s growth plans and working capital needs.

Our Q3 2024 “Lending Climate in America” report highlights concerns regarding the uncertainty of the upcoming presidential election and the resulting economic/policy changes. In the report, lenders identify which near-term macroeconomic factors they find most concerning and whether they plan to tighten, relax, or maintain their loan structures. The survey results also reveal which industries lenders believe are likely to experience short-term volatility, as well as their expectations for movement in interest rates and overall performance of the US economy. Download the report to learn more about the current state of lending: https://lnkd.in/efvqhgAY

Founders of venture-backed companies are often scientists or engineers, not business professionals, leading to significant management and operational challenges as companies transition from the development stage to the commercialization stage. In this article, Bayard Hollingsworth, CTP, identifies common problems facing late-stage start-ups and their investors shifting focus from growth and development to profits and cash flow. The article also outlines steps to increase the likelihood of realizing returns on investments. To learn more, visit: https://lnkd.in/etw69An4  #50andForward #50YearsOfInsights #Startups

Phoenix IB was engaged by a leading plush toy retailer to identify a new lending partner that would be best suited to support the company’s growth and liquidity needs.

Phoenix IB has completed a debt financing for Roka Hula, a Modern Asian Tiki Bar with two locations in Florida.

Our Q2 2024 “Lending Climate in America” report highlights concerns about the impact of continued elevated interest rates and the economic uncertainty that accompanies it. In the report, lenders identify which macroeconomic factors they find most concerning and impending actions planned by their customers. The survey also reveals whether financial institutions plan to tighten, relax, or maintain their loan structures; how much growth their customers expect during the remainder of 2024; and which industries are most likely to experience short-term volatility. Download the report to learn more about the state of lending today: https://lnkd.in/ecf9jbZ5

Lenders and institutional investors face an impending crisis in the Commercial Real Estate (CRE) marketplace as defaults approach historic highs, properties are being left vacant, and an estimated $38 billion worth of US office buildings face foreclosure. In this article, Jim Fleet, Peter Davis, Dan Paulus, and Mark Cohen combine to provide turnaround & restructuring, corporate finance, real property valuation, and construction advisory insights on: • Factors negatively impacting the CRE market • Pressures affecting regulated & unregulated lenders • Management of construction expenses • Proactive restructuring of financial terms • When receivership becomes necessary • Preserving the value of a distressed property To learn more, visit: https://lnkd.in/e3u36vzV #CommercialRealEstate #CRE #StrategicAdvisory

UNITED STATES LENDING PROFESSIONALS -- The Q2 “Lending Climate in America” survey is now open. The survey captures the perspectives of lenders on shifts in the U.S. lending climate through eight questions spanning: · Factors affecting the U.S. economy · Expectations for industry volatility and interest rates · Future plans for lending organizations and their customers All survey respondents will receive a copy of the final report and a donation to the charity of their choice. Take the survey: jsheld.com/lending-survey

Our Q1 2024 “Lending Climate in America” report reveals lenders’ concerns about the upcoming Presidential election and increased volatility expected within the retail and construction industries.   In this report, lenders identify which macroeconomic headwind is their biggest concern and whether their financial institutions plan to tighten, relax, or maintain their loan structures. They also reveal whether they anticipate a looming recession indicated by an increasing number of bankruptcies, how they feel the U.S. economy will perform in the near-term and beyond, and how borrowers may plan for growth over the next year.   Download the report for deeper insight into the state of lending today: https://lnkd.in/e7DTAsbj