Midwest Business Capital closed a $30MM revolving line of credit led by Texas Capital. With the new credit facility, Midwest is well-positioned to execute on market opportunities and organic growth of its asset-based lending portfolio.Based in Lisle...
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December 09, 2024, 07:00 AM
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LeasePoint Funding Group secured $40 million of incremental funding from Altriarch Asset Management (“Altriarch”). Westlake Securities, an Austin-based Investment Bank, was instrumental in orchestrating the capital raise, leveraging their deep...
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October 17, 2024, 08:12 AM
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BriteCap Financial, a data-driven financial services company dedicated to improving the financial health of America's small businesses, established a new receivable financing facility from funds managed by One William Street Capital Management...
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August 27, 2024, 07:15 AM
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eCapital closed a $245 million increase to the syndicated bank line supporting its asset-based lending (ABL) group. The upsize brings the total facility size to $815 million. The latest increase follows a $110 million line upsizing completed less...
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January 08, 2024, 07:10 AM
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Haversine Funding announced $35 million in new lender finance loans for the final quarter of 2023. These transactions further underscore Haversine’s commitment to providing comprehensive and tailored solutions to the specialty finance market. These...
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January 02, 2024, 07:22 AM
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Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, closed a $130 million senior revolving credit facility to Access Capital, a commercial lender to the staffing industry. The three year facility includes a $30 million...
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November 20, 2023, 07:00 AM
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Altriarch Specialty Finance Fund, a leading private credit manager based in Charleston, South Carolina, recently provided $43.5 million in committed capital to specialty finance lenders across the U.S. Altriarch offers flexible capital solutions in...
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November 08, 2023, 07:00 AM
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Velocity Equipment Finance, an operating division of TransPecos Banks, SSB, has entered into a strategic funding agreement with Targeted Lending Co., LLC.With the financial strength of Velocity’s innovative, bank-owned platform, the agreement will...
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September 28, 2023, 07:18 AM
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Capital Bank, a commercial bank in the DC Metro Region, announced the creation of its new Lender Finance Group. This addition is an opportunity to provide enhanced term loan and credit facilities opportunities across a variety of sectors and asset...
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August 30, 2023, 07:12 AM
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Aequum Capital recently expanded its revolving line of credit led by Texas Capital Bank to $60 million by adding Wells Fargo & Company to the bank lending group. This new financing will further augment Aequum's significant equity base led by...
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June 29, 2023, 07:00 AM
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Ares Management Corporation, a global alternative investment manager, announced certain funds managed by its Alternative Credit strategy have completed the acquisition of a $3.5 billion specialty finance loan portfolio from PacWest Bancorp.The...
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June 26, 2023, 07:18 AM
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Bloomberg reported PacWest Bancorp is exploring a sale of its lender finance arm, according to people familiar with the matter. The California-based bank is working with a financial adviser to solicit interest in the business, said the people, who...
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April 24, 2023, 07:20 AM
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Bridge Bank announced its Capital Finance Group closed on a $3 million credit facility for Innovative Lease Services Inc., a Carlsbad, California-based provider of commercial equipment financing and leasing services. Innovative Lease Services (ILS)...
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February 07, 2023, 07:00 AM
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CIT, a division of First Citizens Bank, has appointed Geoff Black to the position of Managing Director and Group Head for the Lender Finance business in its Business Capital division. Black, who was also promoted to Senior Vice President, will be...
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April 12, 2022, 07:25 AM
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MidCap Business Credit increased its senior credit facility with Wells Fargo Capital Finance to $200 million. This upsize will enable MidCap to support the growth of its existing asset-based lending business and support the launch of its equipment...
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April 12, 2022, 07:00 AM
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McGinty Road Partners, a multi strategy investment firm, announced it has closed a new senior lending facility with Texas Capital Bank to further expand its equipment leasing capabilities. The size of the facility was not disclosed.Steven Katz...
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July 12, 2021, 07:20 AM
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Midcap Financial announced it has completed an equity offering of more than $300 million. This offering is part of a comprehensive strategy to enhance MidCap Financial's financial flexibility to further cement the company's position as a leading...
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May 11, 2020, 07:06 AM
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People's United Bank, N.A. a subsidiary of People's United Financial, Inc., has expanded its Commercial Specialty Business with the formation of a dedicated Lender Finance team. The team will be led by Patrick Lee, Managing Director, Head of Lender...
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September 19, 2019, 07:25 AM
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Wells Fargo Commercial Capital (WFCC) announced David Koshenina is head of its Lender Finance Group. In his new role, he will lead a team that provides asset-based lending for specialty finance companies, including other asset-based lenders, factors...
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July 16, 2019, 07:30 AM
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CIT Group Inc. announced it has named Chris Ralston as a director in the Lender Finance business within CIT’s Business Capital division.In his new role, Ralston will be responsible for analyzing portfolio opportunities and engaging with independent...
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September 21, 2018, 07:25 AM
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A new study by the Equipment Leasing & Finance Foundation reveals that the lender finance marketplace in the U.S. is “thriving” eight years after the 2008 financial crisis began, led by an “interesting mix” of traditional banks and newer...
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March 22, 2016, 07:17 AM
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Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, today announced the final closing of its second fund, Pine Brook Capital Partners II, L.P. (“Fund II”). With total capital...
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February 18, 2014, 06:45 AM
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BofI Federal Bank, a subsidiary of BofI Holding, Inc. announced the expansion of its Commercial and Industrial Lending, Lender Finance Division (C&I) under the leadership of Patrick Walsh and Salvatore Salzillo.BofI Federal Bank's C&I lending...
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November 13, 2013, 07:03 AM
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