Outcome99
$22M later: more land, more output, and a profitable quarter
A modular housing manufacturer needed capital fast to buy adjoining property and add a second production line. Here's how a $22M asset-backed facility we mediated turned that plan into results, quickly, and without giving up equity.
1. The Challenge
The company builds modular homes and had more orders than its facility could handle. The fix was simple on paper: buy the vacant lot next door and add a second production line. The timeline wasn't simple, though. A competing buyer was circling the same property, and the equipment lead time meant every week of delay pushed the whole expansion back a month.
Traditional bank financing was moving too slowly for a time-sensitive land purchase, and the founders didn't want to dilute ownership to raise the cash. They needed a lender who could move at the speed of the deal, not the speed of a loan committee.
2. The Solution
Outcome99 mediated a $22M asset-backed facility, structured against the company's existing equipment and receivables so the founders kept their equity. We ran the process in parallel (packaging financials, coordinating with verified lenders, and negotiating terms) instead of in sequence, which is usually where deals like this lose weeks.
The facility closed in 12 business days from signed term sheet to funds landing, comfortably ahead of the competing offer on the property next door.
3. The Result
With the new lot secured and a second production line online, the manufacturer added roughly 40% more production capacity within the same quarter. Order backlog that used to take months to clear started moving in weeks, and the business turned profitable within about five months of funding, well ahead of their own internal projection.
The bigger takeaway for us: the capital itself wasn't the hard part. Getting it in place before the window closed was.
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