Encina Lender Finance, LLC (ELF) announced the closing of a $50 million senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors, LP.

Ed Chang, CEO of ELF, said, “We are proud to support Mountain Ridge Capital and its senior management team comprised of long-standing industry veterans, who have a demonstrated and impressive track record in asset-based lending. We look forward to working closely with Craig Winslow and his team as they continue to grow their business.”

Craig Winslow, President and Chief Credit Officer of Mountain Ridge, said, “I’ve enjoyed working closely with the Encina team to put in place a customized and flexible credit facility that will enable us to build a diverse, scalable portfolio of well-structured asset-based revolvers and term loans.”

Headquartered in Atlanta, Encina Lender Finance offers revolving lines of credit and term loans ranging in size from $10 million to  $50 million to emerging and established specialty finance companies (sponsor and non-sponsor backed) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, insurance finance, private credit, consumer lending and specialty consumer equipment finance.