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Pacific Western Bank Closes Credit Facility With FirstClose

November 13, 2019, 08:58 AM
Filed Under: Technology

FirstClose, a leading provider of technology solutions for mortgage lenders nationwide, announced today that it has completed a credit facility with Pacific Western Bank.

By providing capital to grow its market share, the multi-million dollar facility will assist the Company with the exceptional growth it is experiencing from the demand for the Company's technology solutions by mortgage, home equity, and HELOC lenders.

"This credit facility provides us with the right type of funding at the right time in our trajectory as FirstClose continues on a path of growth," said Tedd Smith, CEO of FirstClose. "We are experiencing consistent year-over-year growth, and are excited for the future."  The Company has additional growth plans for 2020 and beyond as it continues to increase its reach in the marketplace and grow its lender value proposition.

Westlake Securities served as the exclusive financial advisor to the management team of FirstClose on the facility.







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