PACT Capital Provides Financing to Acquire Historic Concannon Vineyard in Livermore, CA

PACT Capital's Financing Transforming Livermore's Vineyards



In a significant step for California's wine industry, PACT Capital has successfully provided acquisition financing for the historic Concannon Vineyard, a 230-acre jewel located in Livermore, California. This winery, founded in 1883, is well-known not just for its exceptional wines but also for introducing the Petite Sirah grape to the United States, a game-changer in American viticulture.

A New Chapter for Concannon Vineyard



The acquisition by the Lemmons Family Vineyards signals a new direction for the estate. With plans to phase out international bottling operations, the family aims to rejuvenate the vineyard by replanting it with historic grape varietals that put Livermore on the map during the 1880s, such as Cabernet Franc and Sauvignon Blanc. They also plan to keep alive the legacy of Concannon's pioneering Cabernet Sauvignon and Petite Sirah.

Part of the success of this transaction lies in the tailored financing solution PACT Capital constructed for the Lemmons family. Adam Mortanian from PACT Capital expressed pride in being the senior lender for such a prestigious property. He stated, "We are honored to have participated in the Concannon Vineyard transaction, a true gem in California's wine heritage.”

PACT Capital has demonstrated its commitment to agribusiness and agricultural real estate in California, especially during these challenging times. The firm has been instrumental in providing competitive lending solutions designed for the wine industry, establishing itself as a key player in supporting landmark properties and visionary owners.

The Role of Regional Expertise



The roots of this transaction trace back to PACT's Regional Agriculture Office based in Fresno, California. By leveraging local agricultural knowledge, PACT can meet the distinct needs of the vineyard sector, making it an invaluable partner for businesses looking to invest in California's rich agricultural landscape.

In addition to financing, PACT Capital recognizes the importance of collaboration in the industry, having partnered with various stakeholders, including Colliers International, who represented The Wine Group, and Larson Lindenau Law Group, P.C., who advised the buyers. These partnerships showcase the intricate network of professionals working to sustain and elevate California's wine industry.

Looking Ahead



The future appears bright for Concannon Vineyard with its new owners at the helm and PACT Capital backing them with their financing solutions. As the Lemmons family embraces the historical essence of the vineyard while fostering innovation in viticulture, their approach may inspire further investments in California's wine sector, ensuring the region’s continued legacy as a cornerstone of the wine industry.

For those interested in the lending products offered by PACT Capital, further details can be found on their website at www.pactcap.com. This financing move exemplifies PACT's commitment to preserving the vineyards that have shaped California's wine heritage, while fostering new growth and opportunities.

With its innovative approach to financing and dedication to agribusiness, PACT Capital is poised to play a pivotal role in shaping the future of vineyards like Concannon and the broader wine industry in California.

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