Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $9,000,000 to National Capital Management, L.P. (NCM) an affiliate of Frankel Financial Corp. The credit facilities will provide financing to support NCM’s business operations going forward.
Founded in 2002 and headquartered in Fort Washington, PA, NCM provides real estate secured bridge loan financing to commercial businesses for which conventional bank financing is not available.
This transaction was originated by Ken Frank, a Managing Director located in Sterling’s Philadelphia, PA, office.