Top California Lender announced today the closing of a $7 million construction bridge loan for a mixed-use development project located in Kansas City’s Riverfront district.

Provident Bank, a leading New Jersey-based financial institution, has announced it recently awarded $50,000 in grants to 6 non-profit organizations as part of the Federal Home Loan Bank of New York (FHLBNY) Small Business Recovery Grant (SBRG) Program. The SBRG Program provides funds to benefit the small businesses of FHLBNY members, including farms and non-profit organizations.

Nixon Peabody LLP represented energy infrastructure company Strata Clean Energy in securing a $150 million increase to the company’s revolving credit facility, for a total of $450 million.

Summit Royalties Ltd. (TSXV: SUM, OTCQX: SUMMF) ("Summit" or the "Corporation") is pleased to report that it has entered into a credit agreement with National Bank of Canada for a revolving credit facility (the "Facility") with an initial commitment of US$25 million. The Facility includes an accordion feature providing for up to an additional US$25 million, subject to the satisfaction or waiver of certain conditions, for total potential availability of US$50 million.

Rockland Trust is pleased to announce that Derek Devoe has joined the North of Boston Commercial Banking team as a Vice President, Commercial Banking Officer. Devoe will be responsible for developing new and managing existing Commercial Real Estate (CRE) relationships, including delivering customized banking, credit, and treasury solutions that support long-term business growth across the North of Boston region.

MidCap Financial, a leading commercial finance company focused on middle market transactions, today announced it has provided a senior secured credit facility to Good Boy Vodka, LLC (“Good Boy Vodka” or the “Company”). The credit facility consists of a revolver with an accordion feature with proceeds used to provide incremental liquidity to support the ongoing working capital needs and growth of the brand.

Encina Private Credit announced today that it has changed its name to Encina Commercial Finance (“ECF”) in order to more accurately reflect the firm's expanding capabilities as a specialty finance company. While ECF will continue to focus on its market-leading, first-out enterprise value loan product, the firm has expanded its capabilities to better serve both asset-light and asset-intensive businesses.

SFNet is saddened to inform our readers about the passing of Richard Solar, past SFNet Chairman.

Stellify Capital announced it has closed a $75 million credit facility with Wells Fargo Bank, following a $75 million facility from Sun Life Capital Management in January. In under one year, Stellify has secured $150 million in total funding from two lenders.

PGIM has agreed to acquire the remaining 25% interest in Deerpath Capital; bringing the firm’s ownership to 100%. This transaction follows PGIM’s initial acquisition of a 75% stake announced in May 2023 and is subject to regulatory approval.

Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced the closing of a new $660 million asset-based revolving credit facility (the "ABL Facility").

Flatbay Capital has closed a $1,500,000 commercial real estate line of credit for an established industrial logistics and transportation provider. The transaction provided the non-bank bridge capital needed to support a sudden ownership transition, address accumulating vendor payables and navigate a complex estate probate timeline.

KORE Capital Corporation today announced the success of its financing relationship with a growing government technology firm, demonstrating how flexible working capital can help businesses continue investing in innovation while supporting ongoing operations.

Hilco Global, a diversified financial services company that delivers expert professional services and capital solutions to help clients maximize value and drive performance across the business lifecycle, is pleased to announce that its IP Services practice has been engaged by Stan Lee Holdings, Ltd. ("SLH") to sell a legendary portfolio of intellectual property developed by Stan Lee, the iconic "father of the super hero."

Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private Bank & Trust are pleased to announce the appointment of Leonard Carraturo as Senior Managing Director, Commercial Private Banker.

MONTICELLOAM, LLC (“MONTICELLOAM”), a specialized seniors housing and multifamily bridge lending platform, along with firm affiliates, financed a $45,000,000 bridge loan for the refinance of a New York assisted living community.

The SLR ABL platform announced the closing of a $200 million senior credit facility for Modivcare TopCo, LLC (“Modivcare” or the “Company”), a technology-enabled healthcare services company providing a platform of supportive care solutions focused on improving health outcomes.

A Northeast-based Marine Services Company providing scout vessels, safety support vessels, and specialized marine operations for the offshore wind industry has secured a $3,000,000 invoice financing facility from Prestige Capital. The new facility replaces its previous funding source, which withdrew amid growing uncertainty surrounding federal actions and project delays in the offshore wind sector.

Virtu Financial, Inc. (NYSE: VIRT) (the “Company”), a global market maker, broker and leading provider of global financial services technology, today announced that its subsidiaries successfully priced and closed incremental term loans in the amount of $500 million (the “Incremental Term Loans”), increasing the total term loan balance under its senior secured credit facility to $2,030 million (the “Term Loans”).

ADTRAN Holdings, Inc. (NASDAQ: ADTN), a leading provider of networking and communications solutions, today announced that it has entered into a new senior secured credit facility led by JPMorgan Chase Bank, N.A., as Administrative Agent, that strengthens the Company’s capital structure, enhances liquidity, meaningfully lowers borrowing costs, and provides increased financial flexibility to support the execution of its long-term strategic objectives.