Celestial Systems Inc.
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Celestial Systems Inc.

Celestial Systems Inc. is a prominent IT consulting company with a robust reputation
for delivering tailored software solutions and digital transformation services. Their
expertise extends to cutting-edge technologies like artificial intelligence, enabling
businesses to thrive through innovation, efficiency, and tailored tech solutions.

Celestial Systems Logo

Issue

The borrower was looking to grow locally and were content to rely on their existing bank relationship. Ashdown was able to show value by bringing a competitive process to the procurement of business debt. By showing the borrower a variety of offers we proved that a market survey is the best way to validate the competitiveness your debt sourcing.

Solution

Ashdown worked to ensure the offer of a variety of loan-to-value options for the property purchase, while the refinancing of working capital assets with a line of credit unlocked substantial cash. This enabled the borrower to save money and maintain healthy cash flow with conservative leverage and a lower interest rate on the property purchase.

The most beneficial aspect of the services provided was the broker’s ability to offer expert guidance in coordinating a quick transition from a rented space to an owner-occupied location and ensuring the successful closure of the deal.

Client Testimonial

“Working with Ben and Ashdown was a great overall experience for us. From the very beginning of the process, they were able to quickly understand our needs and tailored a solution that worked well. Ben remained proactive throughout the whole process which turned out to be very important in ensuring we were able to close the deal in a timely manner. I would highly recommend working with Ben/Ashdown for any financing needs that they might have.” – Rahul Raina, Vice President of Business Development, Celestial Systems Inc.

Services Used

  • Owner Occupied Commercial Mortgage
  • LTV Tenant Improvement Financing
  • Line of Credit