- SixCap Healthcare Finance Closes $10.5 Million Asset-Based Lending Facility for Florida Skilled Nursing Portfolio
- Eagle Business Credit Names Daniel Krasna as National Sales Manager Expanding National Sales Leadership to Support Continued Growth
- CIBC Adds Richard Wainio as Managing Director, Asset Based Lending – Great Lakes Region
- J D Factors Provides $14.7 Million in New Factoring Facilities in May
- Flagstar Bank Extends Joseph Otting's Term a CEO and Announces Executive Leadership Updates
TSL Express Daily Articles & News
To submit company news and press releases toTSL Express, email tslexpress@sfnet.com.
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Cambridge Savings Bank Provides Modera Wealth Management with $26 Million Financing Package to Power M&A Growth, Build Out Employee Equity Strategy
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 Commercial Lending team provided a $26 million financing package over the life of the relationship, including both a refinance of existing debt and new debt, to Modera Wealth Management, LLC (MWM) and individual members of its ownership group.
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The TSL Interview: Michael D. Sharkey: Celebrating 40 Years in ABL
Michael D. Sharkey is the president of Fifth Third Business Capital. He oversees a nationwide market with regional offices across the United States and Canada. Sharkey is past president and chairman of Secured Finance Network. He is also past president of the American Brain Tumor Association. Sharkey is a graduate of Rutgers University and J. L. Kellogg Graduate School of Management at Northwestern University. Here he discusses his long career, the outlook for the industry and Fifth Third’s acquisition of MB.
TSL Express Daily Headlines & News
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Capital Southwest Increases Credit Facility to $380 Million
May 13, 2022Capital Southwest Corporation (“Capital Southwest”) (Nasdaq: CSWC), an internally managed business development company focused on providing flexible financing solutions to support the acquisition and growth of middle market businesses, today announced an amendment to its senior secured credit facility (the “Credit Facility”).
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CleanCapital Secures $200 Million Credit Facility with Rabobank
May 13, 2022CleanCapital announced today that it has closed on a credit facility of up to $200 million to support its pipeline of distributed solar and energy storage projects. Rabobank will act as mandated lead arranger, administrative agent, and collateral agent.
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Provident Hires Brady As Customer Experience Director
May 12, 2022Provident Bank, a leading New Jersey-based financial institution, announced today that Tara Brady has joined the Bank as First Vice President, Customer Experience Director. The newly created position underscores the Bank’s commitment to elevate the customer experience.
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Greenberg Traurig Adds Fund Formation Specialist to Growing Private Funds Team
May 12, 2022Global law firm Greenberg Traurig, LLP continues the strategic expansion of its Private Funds Group with the addition of Curtis Stefanak, an experienced fund formation and investment management attorney, as client demand for private investment funds remains strong.
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Dwight Capital Finances Over $227.2MM in April 2022
May 12, 2022Dwight Capital closed over $227.2MM in real estate financings during April. Featured among Dwight’s transactions are HUD loans for Highland Ridge Apartments and Harbor Heights Apartments, and a bridge loan for 235 Valencia Street.
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Deserve Secures $250M Credit Facility from Goldman Sachs, Cross River and Waterfall Asset Management
May 12, 2022Deserve, the venture-backed fintech company expanding and powering the real-time credit card economy, announced today a new $250 million credit facility with Goldman Sachs, Cross River, and Waterfall Asset Management. With Deserve's digital-first, mobile-centric, and highly configurable credit card platform, the company will use this new funding to meet the growing demand from financial institutions, fintechs, and consumers.
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Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal
May 12, 2022Today, Cypress Environmental Partners, L.P. (NYSE: CELP) (“Cypress” or the “Company”) announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut Private Equity (“Argonaut”), that is expected to clear approximately $58 million worth of debt.
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FTI Consulting Expands Corporate Finance & Restructuring Segment in France with Appointment of Senior Business Transformation Expert
May 12, 2022FTI Consulting, Inc. (NYSE: FCN) today announced continued investment in the Corporate Finance & Restructuring segment in France with the appointment of business transformation expert Thierry Miremont as a Senior Managing Director in Paris.
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Prestige Capital Leads a Coalition of 5 Finance Companies to Provide $100M in Capital to Address Urgent Health Care Staffing Needs Across the Nation
May 12, 2022Prestige Capital has a long history of providing funds to companies to address immediate working capital needs. In 2018, Prestige Capital provided a $3M factoring facility to a west coast staffing company providing both temporary and permanent staffing. A little more than a year later this client graduated from the Prestige Capital program and was able to secure financing from a traditional bank.
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J D Factors Announces Factoring Facilities
May 12, 2022J D Factors announced it provided the following factoring facilities: $100,000 to a transportation company in Ontario; $150,000 to a transportation company in Florida; $1,000,000 to a transportation company in Quebec; $500,000 to a transportation company in Alberta and $300,000 to a transportation company in Ontario.
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Wintrust Receivables Finance Announces the Closing of a $19,500,000 Line of Credit to a Hospitality Staffing Firm
May 12, 2022Wintrust Receivables Finance (WRF) is pleased to announce the closing of a new $19,500,000 credit facility for this Midwest-based provider of hospitality staffing. The company specializes in the recruitment and placement of hospitality professionals. The Company's clients include corporate dining companies, country clubs, hospital food service companies, special events centers, stadiums, and hotels.
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BNP Paribas and Northland Power Partner With Export Development Canada to Close Sustainability-Linked LC Facility for Renewable Power Projects
May 10, 2022BNP Paribas, a leading global bank, announced today that it has recently closed an amendment to add sustainability-linked incentives to its Letter of Credit (“LC”) Facility with renewable power producer, Northland Power Inc. (“Northland”).
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Unity Bank Names Industry Veteran Donovan Chief Lending Officer
May 10, 2022Unity Bank on Monday said industry veteran Jim Donovan joined the Clinton-based community bank as chief lending officer, bringing more than 35 years of financial services industry leadership experience to the financial institution.
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First Business Bank’s Asset-Based Lending Group Funds $7 Million Credit Facility
May 10, 2022Brian Banning, Vice President – Asset-Based Lending at First Business Specialty Finance, LLC, a subsidiary of First Business Bank, announces a recently closed and funded $7 million revolving credit facility for an auto industry die manufacturer seeking to refinance.
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Winston & Strawn Represents Investcorp India Acquisition Corp
May 10, 2022Winston & Strawn represented Investcorp India Acquisition Corp (NASDAQ: IVCAU), a newly incorporated blank check company, which has announced the pricing of its initial public offering of 22,500,000 units at a price of $10.00 per unit. The units will be listed on the Nasdaq Global Market (“NASDAQ”) and are expected to trade under the ticker symbol “IVCAU” beginning on May 10, 2022.
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MidCap Business Credit LLC Completes a $15 Million Credit Facility to Walker Midwest, LLC and Walker West, LLC
May 10, 2022MidCap Business Credit LLC, announced that it has completed a $15 million asset-based credit facility to Walker Midwest, LLC and Walker West, LLC formed to acquire the assets of Millenia Products Group Inc., and WAC LLC, pursuant to an Article 9 UCC sale. The Company, headquartered in Itasca, IL, is a manufacturing and steel service business providing metal fabrication, stamping and roll forming services to OEM leaders in the automotive, solar, tool storage and electronics industries throughout the US and Canada.
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Express Trade Capital Completes $3.2 Million Trade Finance Facility
May 10, 2022When a well-established and long-term client needed to execute a Trade Finance transaction within 48 hours in order to take advantage of an extremely profitable purchase opportunity, they knew the financier to turn to Express Trade Capital.
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BankUnited Hires Commercial Real Estate Banking Executive Serving Southeast Region of U.S. from New Atlanta Office
May 10, 2022BankUnited, N.A., a wholly-owned subsidiary of BankUnited, Inc. (NYSE: BKU), has announced the hiring of Nate Seymour as market executive, southeast commercial real estate banking, based in the bank’s new Atlanta wholesale banking office.
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Wolters Kluwer Launches OmniVault for Real Estate Finance
May 10, 2022Wolters Kluwer Compliance Solutions has today launched its OmniVault for Real Estate Finance solution. OmniVault for Real Estate Finance uses the company’s industry-leading, multi-award winning eVault technology to support digital home equity lending, both HELOCs and home equity loans, in addition to already supported conventional, U.S. government and jumbo first mortgages.
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36th Street Closes $14 Million Funding for EV Components Manufacturer
May 10, 202236th Street Capital announced it recently served as lessor of record and servicer for a $40 million equipment financing of manufacturing equipment dedicated to production of electric vehicle components. 36th Street funded $14 million for its own account, with other financial institutions rounding out the transaction.
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