North Fork (Long Island)

Talonvest Capital Secures $27.8 Million Bridge Loan for NY Property

Retrieved on: 
Friday, September 22, 2023
North Fork (Long Island), VPD, Climate, Capital

Talonvest negotiated a competitive interest rate with an experienced private lender to secure non-recourse, 2-year loan with two 6-month extension options and interest-only payments.

Key Points: 
  • Talonvest negotiated a competitive interest rate with an experienced private lender to secure non-recourse, 2-year loan with two 6-month extension options and interest-only payments.
  • The loan proceeds included funds for the construction of an expansion at the facility.
  • Marc Slayton, President and CEO of GoodFriend Storage, commented, "For many years, Talonvest has been indispensable to our team.
  • The Talonvest team members responsible for this transaction included Britt Taylor, Jim Davies, Tom Sherlock, Ivan Viramontes, and Lauren Maehler.

Aanika to Enter Bio-Backed Insurance Agreement with Satur Farms  

Retrieved on: 
Thursday, January 5, 2023
Retail, Insurance, Technology, Food Tech, Organic Food, Professional Services, Supply Chain Management, Infectious Diseases, Other Retail, Agriculture, Natural Resources, Supermarket, Biotechnology, Food, Beverage, Health, Tim Draper, Biotechnology, Food safety, Saturated fat, Probability, Salmonella, Farm, Policy, Insurance, North Fork (Long Island), Risk management, Medical device, Cryptocurrency

Aanika Biosciences, a biotechnology startup focused on bringing trust, transparency, and traceability to our food system, will be entering into a first of its kind bio-backed insurance agreement with Satur Farms, a specialty crop producer with operations in New York and Arizona.

Key Points: 
  • Aanika Biosciences, a biotechnology startup focused on bringing trust, transparency, and traceability to our food system, will be entering into a first of its kind bio-backed insurance agreement with Satur Farms, a specialty crop producer with operations in New York and Arizona.
  • This transaction marks many firsts for Aanika as well as the biotechnology and insurance industries.
  • Not only will this provide traceability for Satur products across the Northeast, but this is one of the first biotechnology products to embed insurance coverage.
  • Paulette Satur, CEO of Satur Farms, has seen firsthand how the lack of traceability in the supply chain can lead to significant losses in revenue, endless legal costs and a reputational hit.