Encina Lender Finance (“ELF”) announced a $125 million upsized credit facility commitment to a non-prime credit card platform. In connection with this transaction, ELF recruited a like-minded partner and ABF co-investor to join the credit facility.
ELF offers delayed draw term loans and forward flow purchase programs ranging in size from $50 - $150 million to emerging and established specialty finance companies with strong junior capital sponsorship.