Resolute Structured Capital arranges $10.9 Million

Private fund acquires 41.74-acre site in Rural Retreat, VA

Rural Retreat, VA — Resolute Structured Capital arranged $10.875 million in acquisition financing for the purchase of a 362,235 s/f headquarters and manufacturing facility located at 200 Shoal Ridge Dr. in Rural Retreat, VA.

A Dallas-based private fund acquired the 41.74-acre site in a sale-leaseback with Musser Biomass and Wood Co., an established operator in the wood fiber industry for 60 years.

“We secured very favorable and flexible financing for our client with a local credit union that includes high leverage and no prepayment penalties, an ideal fit for the sponsor’s investment strategy regarding this unique multi-building HQ campus,” said Benjamin Markiles, VP, Resolute Structured Capital.

Markiles and Vishal Vanjani, a principal of Los Angeles-based Resolute Structured Capital, represented the buyer. A Matthews team led by Aria Pournazarian advised the seller.