EverBank announced the formation of its Asset-Backed Finance (ABF) division, following the merger of its Fund Finance and Specialty & Lender Finance businesses. This new division will be led by Jeff Johnston, EVP Head of Asset-Backed Finance, and will continue to build on the bank's wide range of capabilities focused on alternative asset managers and the private capital industry.Structured lending solutions will be the focus of the business across a variety of asset classes that include: fund
Read Story
August 20, 2024 @ 08:02 AM
|
Rosin Capital Group launched a new debt capital advisory firm, founded and led by industry veteran John Rosin.With over 30 years of experience in direct lending, Rosin brings a deep understanding of the debt capital landscape. Most recently, he served as President and Chief Operating Officer of Wingspire Capital.Rosin, a respected figure in direct lending, now leverages his extensive relationship network and his lender’s perspective to offer practical and tailored senior debt solutions for
Read Story
August 20, 2024 @ 08:00 AM
|
nFusion Capital announced that Daniel J. Karas has joined their team as EVP of Asset Based Lending. Karas is responsible for spearheading the strategic expansion of the Asset Based Lending division. “Dan’s proven track record of developing and implementing growth and credit strategies will be pivotal to the firm’s expansion,” said Jason Lippman, CEO of nFusion Capital. “We are excited to have him aboard and look forward to exciting new developments.” Throughout his career, Karas built
Read Story
August 20, 2024 @ 07:53 AM
|
Monroe Capital acted as sole lead arranger and administrative agent on the funding of a senior credit facility and equity co-investment to support the acquisition of Xpress Wellness, LLC ("Xpress") by Goldman Sachs Alternatives.Based in Oklahoma City, OK, Xpress is affiliated with a physician-led rural healthcare platform that provides a range of high-quality, affordable, and convenient healthcare services to medically underserved communities and residents of nursing homes across Oklahoma
Read Story
August 20, 2024 @ 07:47 AM
|
Tradewind Finance closed a $17 million credit facility for a best-selling consumer product manufacturer offering at-home sporting equipment. The USA-headquartered equipment brand makes a variety of strength training products including kettle bells, dumb bells, chin-up bars, and more that it sells directly to consumers, Amazon, and to other e-tailers around the world. The sporting goods brand is utilizing the facility to unlock cash flow for its expanding international growth and to support its
Read Story
August 20, 2024 @ 07:33 AM
|
AFC Gamma closed a new senior secured credit facility for Private Company Q and expanded its existing senior secured credit facilities for BeLeaf Medical, LLC (“BeLeaf”) and Sunburn Cannabis (“Sunburn”). These transactions underscore Advanced Flower Capital's commitment to supporting the growth of its borrowers by providing timely, flexible and tailored financing solutions.Private Company Q:AFC has committed $11 million, with $4.3 million funded at closing, in a senior secured credit facility to
Read Story
August 20, 2024 @ 07:30 AM
|
Moritt Hock & Hamroff announced the launch of its newly redesigned website. The site boasts a clean, modern appearance with advanced technology and improved navigation that provides the firm's existing and prospective clients with a more intuitive and user-friendly experience, as well as a more responsive and robust layout on mobile devices."In today's rapidly evolving online world, visitors should expect to be able to find the information they're looking for quickly and easily," said Michael
Read Story
August 20, 2024 @ 07:23 AM
|
Advantage Business Capital, a subsidiary of Central Bank, welcomed two new employees to their growing team. Liz Castillo, Senior Vice President, is Houston, Texas based and Lauren Hogan, Marketing Specialist, is Austin, Texas based.Liz Castillo has 20+ years of experience in the factoring industry. In addition to her business development role with Advantage, Ms. Castillo will continue to serve as the Founder and President at the Greater Houston Trucking Association.Lauren Hogan has a background
Read Story
August 20, 2024 @ 07:17 AM
|
ATC Managers closed a $18.3 million bridge loan. This loan refinances an existing note purchase loan secured by a commercial office building.The borrower, an experienced real estate investor, initially acquired the note with the intent to purchase the office property. However, unforeseen legal challenges concerning the property delayed the acquisition process, necessitating additional time to resolve these issues.Understanding the urgency of the situation, the team at ATC Managers acted swiftly
Read Story
August 20, 2024 @ 07:00 AM
|
GoldenTree Asset Management, a global asset management firm with approximately $55 billion in assets under management, announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination. Punhani brings to GoldenTree nearly 15 years of credit expertise alongside his robust private equity relationships. He joins GoldenTree from PNC Financial Services, where he served as a Managing
Read Story
August 19, 2024 @ 08:00 AM
|
Eagle Bancorp, the Bethesda, MD-based holding company of EagleBank, announced Chief Credit Officer Janice “Jan” Williams will be retiring from EagleBank on June 30, 2025. Williams’ longstanding dedication and exceptional contributions have significantly driven the bank’s strategic growth over the past two decades.“It has been my immense pleasure to work alongside Jan for so many years. We are tremendously grateful for her outstanding work and unwavering commitment to EagleBank, and we wish her
Read Story
August 19, 2024 @ 07:47 AM
|
Berkeley Research Group (BRG) announced that Michael Hollerich has joined the firm's Financial Institution Advisory practice as a managing director in Dallas. Hollerich brings over 25 years of leadership experience in financial services risk and consulting. He has deep expertise in regulatory affairs, corporate governance, anti-money laundering, fraud detection, mergers and acquisitions, and banking-as-a-service (BaaS). Hollerich has navigated the financial services industry during periods of
Read Story
August 19, 2024 @ 07:42 AM
|
Clarus Capital announced the successful closing of a $20 million lease facility for a private equity-backed automotive services company. The financing will enable the acquisition of equipment vital for enhancing and expanding the company’s extensive network of service centers across the United States.Clarus CEO Steve O’Leary remarked, “This transaction reflects our commitment to providing tailored equipment finance solutions that drive growth and innovation for our sponsor-backed clients. We are
Read Story
August 19, 2024 @ 07:30 AM
|
Perkins Coie announced that David Delafield will be joining the firm on September 16 as its new chief financial officer (CFO). Delafield will lead the strategic financial planning for Perkins Coie’s international operations with annual revenue of over $1.2 billion. Delafield will join Perkins Coie from Davis Wright Tremaine LLP, where he has served as CFO since 2018. Delafield previously served as CFO at Providence Health & Services, where he led financial oversight for a medical group with
Read Story
August 19, 2024 @ 07:29 AM
|
Cortland Credit Group announced the successful repayment of its credit facility extended to Insulation Technology Group (ITG), a portfolio company of PHI Industrial. Executed in June 2024, this repayment was almost precisely three years after the initial funding, underscoring Cortland’s commitment to driving growth and value creation through strategic lending partnerships.At its peak, Cortland committed €34 million to the ITG credit facility, with €15 million outstanding at the time of
Read Story
August 19, 2024 @ 07:07 AM
|