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Haversine Provides $23.5MM in Participation and Lender Finance Funding Solutions

Date: Dec 06, 2024 @ 08:15 AM

Haversine Funding announced another series of impactful funding transactions. These deals highlight Haversine’s role as a trusted partner in helping lenders and factors achieve their growth objectives while addressing unique market needs.

  • $7.0 million disaster recovery loan participation with an asset-based lender to support hurricane cleanup and recovery efforts.
  • $8.5 million emergency forest fire participation funding for seasonal needs in a high-demand period.
  • $5.0 million senior, lender finance line of credit for an equipment lender looking to scale operations.
  • $2.0 million senior line of credit for a transportation factor preparing for growth in 2025.
  • $1.0 million senior line of credit for a transportation factor also gearing up for anticipated expansion in the coming year.

These transactions demonstrate Haversine’s commitment to providing tailored funding solutions to lenders and factors across the country. From participation funding that alleviates concentration risks to lender finance facilities that enable growth, Haversine continues to address the evolving capital needs of the specialty finance industry.

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