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East West Bank Upsizes $75MM Tax Lien Finance Facility to Caz Creek

June 12, 2020, 08:00 AM
Filed Under: Industry News

East West Bank and and M&T Bank closed on a 1-year $75MM senior secured revolving line of credit for CC1 Holdings, LLC, and CC2 Holdings, LLC, each a wholly- owned entity of Charlotte-based, specialty investment platform Cazenovia Creek Investment Management, LLC (“Caz Creek”).

Caz Creek is a subsidiary of Hunt Companies, Inc. (“HCI”).

Proceeds of the facility will be used for the Fund’s purchases of residential and commercial lax liens and loans.

“We are pleased to provide our continued support to Caz Creek’s tax lien business, and to welcome M&T Bank into our relationship with the Company. East West Bank and M&T Bank recognize the high quality nature of Caz Creek’s tax lien portfolio, and the exceptional performance that Caz Creek has demonstrated since inception” said Andrew Stein, Senior Managing Director and Head of The Eastern Region at East West Bank.

Scott Campbell, Caz Creek’s CEO and President said, “Andy Stein and his team at East West Bank are a pleasure to work with. They are business minded and recognize the value of our organization and the strength of our team. We are excited to bring M&T Bank into the fold as well. We look forward to growing our relationship with both banks."





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