MLS Online

The Situation

TheMLSonline.com’s owner saw opportunities to expand the company’s Twin Cities business model to other markets. With limited capital and a small line of credit, however, the company was not able to take advantage of these opportunities. Additional funding was needed to build the brand in new markets and scale infrastructure to support growth.

The Transaction

Teneca marketed the opportunity to a select group of banks with an interest in supporting the company’s growth. Our careful process generated competitive tension and resulted in an expanded line of credit with a new bank.

The Result

The borrowing capacity with the new lender has enabled TheMLSonline.com to extend its brand identity in several markets throughout the country. The company has become the fastest-growing online real estate broker in the Seattle/Tacoma area and has established a strong market presence in Boston.

TheMLSonline.com is now poised to achieve significant growth within its existing and planned future geographic markets.