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Siena Lending Group Closes More Than $75MM in New Credit Facilities in Q4/19

January 24, 2020, 08:00 AM

Siena Lending Group LLC (“Siena”) announces the completion of seven new transactions exceeding $75 million in credit facilities during the fourth quarter of 2019. Siena’s new healthcare finance business closed two of those transactions. The healthcare facilities include a pharmaceutical distributor as well as a provider of skilled nursing services. Non-healthcare transactions include a distributor of OCTG pipes, a provider of commercial landscape and maintenance services, a manufacturer and retailer of ergonomic massage chairs, and a distributor of grocery and sundry items for the convenience store market. The transactions covered our national footprint and ranged from California to New Jersey, including the Midwest and Southeast. The companies were either private equity sponsor-owned, family-owned, or partnerships.

David Grende, CEO of Siena, said, “It was a busy quarter for us. It was great to see Siena Healthcare Finance, which we launched in September, off to a strong start, closing two deals alone worth $32.5 million. We are excited to carry the momentum from the end of 2019 into 2020 and make it the strongest year in our history.” 

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