Siena Lending Group LLC (“Siena”) announces the completion of a three-year $5 million asset based revolving credit facility for RTA Furniture Distributors, Inc. dba Just Cabinets Furniture & More (“JCF&M”) to refinance its existing senior debt and to provide additional working capital.
Getzler Henrich & Associates LLC (“Getzler”) acted as the exclusive financial advisor to JCF&M.
Headquartered in Harrisburg, PA, JCF&M sells semi-custom kitchen cabinets, countertops and appliances, as well as in-stock, full-line home furnishings (including dining, bedroom, home office, casual living and mattresses) through 15 retail stores located in PA, MD, DE, and NJ and on-line at www.justcabinets.com. In addition, JCF&M has a contractor division (ProCab Division), catering to mid-size builders, developers and project managers. Just Cabinets Furniture & More was started in 1982 with three retail locations. Scott Elliotto, Director of Siena, said, “We are pleased to have been able to work with Ted and his team as well as Getzler on this transaction, and we look forward to helping JCF&M achieve their goals.” Ted Bernstein, President and shareholder of Just Cabinets, said, “The Siena transition team was extremely diligent and thoughtful in helping us get on board. We look forward to working with them closely.”