This company is a family owned and operated business – manufacturing frozen foods since the 1970’s. The company operates with key management individuals from the former Wilton Foods and Cohen’s hors d’oeuvre teams to manufacture and sell a full line of convenience products, which includes an extensive line of appetizers / hors d’oeuvres, pre-plated kosher meals, gluten free certified, vegetarian, bulk entrees, breakfast products, crepes and blintzes. It is the largest manufacturer / supplier of frozen hors d’oeuvres in the United States. The Company has manufactured under its own brands and under private label brands for nationally recognized broadline distributor companies for decades. Manufactured products are distributed throughout the United States and Canada.
| Loan ID | 142 |
| DSCR | 2.56 |
| LTV | 79 |
| Note Rate | 6.00 |
| Property Location | NY |
| Type | 424420 |
| Guaranty Type | USDA B&I CARES |
| Loan Term | 10 yrs |
| Rate type | Var |
| Note date | 05/04/2021 |
| Maturity date | 05/30/2021 |
| Participation Availability Amount | $750,000 |
| Minimum Participation Amount | $250,000 |
| Original Loan Amount | $15,000,000 |
| Full Loan Documentation | Link |
| Inquire | Inquire |