RainStar Capital Group, a Michigan based national debt advisory firm, promoted Managing Director Tom Kessel to the role of Team Leader of the Middle Market lending division.
 
RainStar Capital Group led by CEO - Kurt Nederveld made the following statement, "We are excited to promote Tom to this role. His 30+ years of experience has given him a strong background in middle market banking and has prepared him well to lead our team focused on serving lower and middle market clients. His team will focus on providing clients financing vehicles that either replace or supplement a client’s current credit facilities.”
 
“I’m excited to have the opportunity to oversee and grow our middle market business at RainStar,” noted Kessel, “With banks pulling back from commercial lending, the private capital markets are well positioned to serve the middle market space. We have been very active in fulfilling client engagements to source needed credit facilities.  The team’s current engagements include needs for Asset-Backed working capital credit facilities, Purchase Order financing, equipment financing, real estate bridge and term loans, and Lender Finance facilities. In addition to these more traditional financing vehicles, we also arrange non-standard financing solutions such as stand-alone inventory financing, payroll financing, accounts payable financing, financing for equipment based in Mexico as well as mezzanine and subordinated debt solutions.”
 
Kessel added “We have also been successful in continuing to build our team.  We recently added Managing Director Patrick Dunphy and Associate Eesh Dadheech to the Middle Market team along with current RainStar Managing Director Edward De Los Angeles. We are well positioned to expand our support of clients across our commercial product lines.”