ARRIBA CAPITAL CLOSES A $1,030,000 LOAN FOR A PLUMBING AND HEATING SUPPLY WHOLESALER IN LAS VEGAS, NV

Arriba Capital (Arriba) successfully closed a $1,030,000 loan for a sixty-year-old, family owned and operated, small plumbing and heating supply wholesaler located in Las Vegas, NV. The loan proceeds were utilized to refinance the existing debt, buyout remaining partners, and provide fresh working capital for the business.

The loan was priced at Prime + 2.25% with a 25-year term and a 25-year amortization.