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Chicago, IL, September 07, 2017 --(PR.com)-- Madison Street Capital (MSC), an international
investment banking firm, acted as the exclusive financial advisor in arranging a $4.1 million debt facility
for Chicago Yacht Works. Chicago Yacht Works, with over 600 feet of river frontage and 300,000 sq. ft.
of indoor heated storage, combined with service capabilities and a full-line dealership, is one of the
largest off-season boat storage facilities in Chicago. The facility was provided by Northeast Bank, the
wholly owned subsidiary of Northeast Bancorp. The transaction was announced by Charles Botchway,
CEO of Madison Street Capital and led by Senior Managing Director, Jay Rodgers.
Jay and the MSC team were professional, efficient and great to work with. They sourced a number of
interested and viable financial partners quickly and helped in the vetting process, explained Rob Hannah,
President & CEO of Chicago Yacht Works. In the end, I got the deal I wanted and it closed on my time
frame. I am very pleased.
Jay Rodgers, Senior Managing Director, commented, Chicago Yacht Works is positioned for a great
growth opportunity and needed additional capital. The facility we arranged will enable Rob Hannah to
meet his aggressive growth objectives for many years to come. We were pleased to be part of the effort to
support Chicago Yacht Works next chapter of growth.
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headquartered in Lewiston, Maine. We offer traditional banking services through the Community
Banking Division, which operates ten full-service branches that serve customers located in western,
central, and southern Maine. From our Maine and Boston locations, we also lend throughout the New
England area. Our Loan Acquisition and Servicing Group ("LASG") purchases and originates
commercial loans on a nationwide basis. In addition, our SBA Division supports the needs of growing
businesses nationally. ableBanking, a division of Northeast Bank, offers savings products to consumers
online. Information regarding Northeast Bank can be found on its website at www.northeastbank.com.
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Contact Information:
Madison Street Capital
Courtney Fitzpatrick
512-888-2502
Contact via Email
www.madisonstreetcapital.com
News Image:
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