The Customer
- A hospitality management group with operations across luxury hotels, resorts, and commercial spaces in the Southeast.
- Required the acquisition of a specialized private aircraft to support executive travel and operations across multiple high-end properties.
- The company’s cooperative ownership structure introduced additional complexity to its financial reporting and asset allocation processes.
Challenge
The group was in the midst of transitioning from one aircraft to another, which created timing constraints and required close coordination with the seller and lender.
The asset in question was a high-value aircraft that was highly specialized, making underwriting and resale considerations more complex.
Due to the creation of a new entity for the purchase, there was no existing financial track record to underwrite, creating an additional hurdle for traditional lenders.
The cooperative ownership model introduced unique risk factors and governance complexities that made many traditional financiers hesitant to proceed.
Done Deal
FNC approved $11 million in financing, working closely with the company as they sourced and selected the aircraft best suited to their operational needs.
Served as an extension of the company’s senior lender, supplementing the capital structure and bringing transaction-specific expertise to the table.
Structured the financing with progress payments, enabling the company to align capital deployment with its operational ramp-up and transition schedule.
Provided a flexible lease arrangement that supported the group’s gradual integration of the new aircraft while preserving liquidity across its broader business operations.
Despite structural complexities, the transaction closed smoothly and positioned the management team to better support their growing hospitality portfolio.
