Slate Asset Management (“Slate”), a global alternative investment platform focused on real estate and infrastructure, announced today that Slate Real Estate Capital, the private credit business of Slate, has provided a $147.0 million senior loan facility to Prime Group for the refinancing of three Class A self storage assets (the “Assets”) located in New York City.

Magnifi Financial, a full-service community credit union offering retail and commercial banking and wealth management services, announced it has launched Ultum Group, a new credit union service organization (CUSO). The CUSO provides premiere end-to-end commercial and Small Business Administration (SBA) lending services to financial institutions in Minnesota and throughout the United States.

Runway Growth Capital LLC ("Runway" or the "Company"), a leading provider of growth loans to both venture and non-venture backed companies seeking an alternative to raising equity, announced today that it has hired Ted Cavan as Managing Director, Technology.

Monroe Capital LLC announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the recapitalization of Premiere Digital Services (“PDS”), a portfolio company of Clarion Capital Partners.

Sallyport Commercial Finance, LLC is thrilled to announce the promotion of Damon Dickens, CFA to executive vice president at Sallyport Commercial Finance, LLC. As SVP of underwriting, over the last five years, Damon has been an intrinsic part of Sallyport’s Growth and success in delivering tailored cashflow solutions for its entrepreneurs.

Sallyport Commercial Finance, LLC is delighted to announce that Calum Williamson has accepted the role of North America sales manager and will also continue as managing director of Sallyport’s Canadian Business.

CIT, a division of First Citizens Bank, today announced that its Healthcare Finance business served as lead arranger for $67.5 million in financing for the acquisition and future expansion of the Northwest Specialty Hospital in the Greater Spokane market region.

Patrick Industries, Inc. (NASDAQ: PATK) ("Patrick" or the "Company") today announced that on August 11, 2022, the Company amended its credit agreement to expand its existing senior secured credit facility to $925 million from $700 million. The expanded credit facility is comprised of a $775 million revolving credit facility and a $150 million term loan.

SRAX, Inc. (NASDAQ: SRAX), a financial technology company that unlocks data and insights for publicly traded companies through Sequire, its SaaS platform, has announced the company has entered into a revolving credit facility and launched a website that allows investors to track the current value of the company's marketable securities portfolio.

Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, today announced that its Asset-Based Lending team provided a revolving line of credit to Crave Better Foods, LLC, a provider of premium ice cream cookie sandwiches and frozen novelties located in Stamford, CT.

Briar was first introduced to the company by multiple asset-based lenders considering a refinance of the working capital assets. While the ABL’s determined the working capital LOC need was not a fit for them, the responsibility fell to Briar to generate the liquidity from the companies owner-occupied real estate. Using an aggressive LTV, Briar was able to unlock the equity in the property while structuring a loan facility with a cash flow friendly, long-term amortization to provide them with the working capital they needed.

J D Factors announces it has provided the following factoring facilities: $100,000 to a transportation company in Oklahoma; $400,000 to a transportation company in Arizona; $120,000 to a transportation company in Illinois; $100,000 to a transportation company in Ontario...

GBC was able to close on the loan in 43 days, despite a complex capital structure that involved multiple parties. This swift approval and closing process involved securing a credit committee approval within three weeks of letter of intent signing.

G.P. De Silva Spices, Incorporation, headquartered in Pico Rivera, California, is an importer, manufacturer and processor of spices, chilis and herbal ingredients for retail and wholesale distribution.

CIT, a division of First Citizens Bank, today announced that its Real Estate Finance business served as lead arranger on $53 million in financing for the acquisition of six industrial properties. The borrower, Aminim Group, acquired the portfolio of properties, which are located in the busy Baltimore-Washington D.C. area with easy access to major transportation corridors. The properties collectively encompass nearly 500,000 square feet of industrial space with strong lease agreements to existing tenants.

Thompson Street Capital Partners (“TSCP”), a private equity firm focused on investing in founder-led middle market businesses, today announced the closing of its sixth committed capital investment fund, Thompson Street Capital Partners VI LP (“TSCP VI” or the “Fund”).

Global business advisory firm EisnerAmper announced that the partners and colleagues of Minneapolis-based accounting and advisory firm Lurie LLP will be joining EisnerAmper in a transaction anticipated to close in September of 2022.

BofA Securities Inc. acted as lead left bookrunner, Goldman Sachs Lending Partners LLC, Morgan Stanley Senior Funding, Inc. and PNC Capital Markets LLC acted as joint bookrunners and BofA Securities Inc. acted as sole lead arranger. Bank of America, N.A. is the administrative agent and the collateral agent for the Credit Agreement.

Comerica Incorporated (NYSE: CMA) announced that Corey Bailey, Executive Vice President, Credit Risk Management & Decisioning, has been named to the new role of Executive Vice President, Head of Middle Market & Business Banking. Bailey will report to Peter Sefzik, Executive Vice President, Commercial Bank.

Exchange Bank (OTC: EXSR) welcomes Stacey Powers, VP, commercial relationship manager, to Exchange Bank’s Commercial Banking team reporting to Steve Herron, SVP, commercial banking manager. Stacey brings over 35 years of experience in the banking industry to her role at Exchange Bank, where her primary focus will be to drive new relationship growth throughout the North Bay and Sacramento County regions.