Dynamic Mechanical had been experiencing substantial year-over-year growth. Company ownership identified an opportunity to invest in a suitable commercial facility that would allow space for growth but required considerable financing to close the deal, within a short timeframe. Additionally, Dynamic’s reputation for high-quality workmanship meant that they were being offered progressively larger, more complex projects. However substantial upfront costs associated with sub-contracting and materials were considerably constraining their working capital capacity.

Ashdown Capital’s Mike Hopp was brought on to facilitate financing for the real estate purchase, and source a solution to increase working capital. Mike hit the ground running, sourcing potential partners from his established professional and lending networks that would be a good fit for the deal. He was ultimately able to secure a 90% LTV mortgage, leaving more cash available for working capital, as well as a line of credit facility to support upfront project costs, all within the required timeline. Dynamic Mechanical has now added a substantial asset to the balance sheet and possesses the working capital flexibility to support any scope of contract.

“Michael was clear and concise with what needed to be done.  He kept our file on track.  He coordinated with the Realtors, the Strata, the Bank Managers, our Office Admin, Accountant, Insurance Agent, and Lawyers for all the moving parts simultaneously the Operating Company, New Holding Company, and Personal Finance Requirements of Officers and Directors.  He was phone call away throughout the whole process and saw everything through right until the end.  We would refer Michael Hopp and Ashdown Capital to any colleagues with confidence and we will be a returning customer.  Dynamic Mechanical has been catapulted to the next level.”  – John Regan, CEO

• Commercial Mortgage
• Line of Credit