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Haversine Provides $11MM in Participation Funding, Highlighting Lender Finance Products Offered

February 27, 2024, 07:52 AM

Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - announced a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.

  • $2.5 million participation in a senior line of credit, lender finance loan for a transportation factoring firm.
  • $1.5 million factoring participation to support a seafood distribution company.
  • 1.5 million asset based lending loan participation directed towards a staffing firm, enhancing its capability to fulfill growing customer demand.
  • $1.5 million asset based lending loan participation that reinforces a healthcare IT staffing and consulting firm, fostering its expansion and continued innovation.
  • $4.0 million factoring transaction to a growing construction firm who received new, larger jobs for the coming year.

These participations are illustrative of the tailored and responsive lender finance products that Haversine provides factors and lenders across the United States. Haversine’s participation funding, alongside their senior and junior lines of credit, has played a pivotal role in addressing the capital requirements of lenders plagued with concentration risks and market volatility.

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