InterNex Capital Provides $3.5 Million Facility to Management Firm

InterNex Capital announced it provided a $3.5 million line of credit to an 18-year-old management company focused on remodeling and renovating multifamily homes. The company sought a more flexible lending partner as incumbent bank lender constrained liquidity with excess covenants and restricted eligibility. InterNex Capital provided the company with a revolving line of credit and removed prior restrictions on eligibility to increase availability, fuel growth and create operational liquidity.

The client is integrated with the InterNex Velocity™ cloud platform for their AR management plus real-time data analytics and working capital management.