M.Fried Store Fixtures Inc., A Manufacture/distributor in Brooklyn consolidated its operations and 110 jobs

M.Fried Store Fixtures Inc., a display and fixture importer, distributor and installer; and Sturdy Store Displays Inc., a display manufacturer, plan to invest approximately $11 million-- with the assistance of approximately $4.1 million in real-estate and sales-tax exemptions--to renovate and acquire an approximately 150,000 square foot facility at 101 Varick Avenue Bryant Avenue in Brooklyn. The project will result in the retention of 110 existing jobs.

Think Forward team was able arrange a benefit package of $4.1 million for the project from NYCIDA and 90% financing for the project. The Company needed high leverage as it was not able to inject more than 10% equity in the transaction.