BMO Financial Group announced several executive appointments to further strengthen client service excellence through execution focus and innovation, and support its growth ambition throughout Canada and in key markets across the United States.These appointments streamline and accelerate decision-making and enable improvement in profitability, loyalty and efficiency by placing high-performing leaders in high-impact mandates."Today's announcement reflects BMO's deep strength in talent development
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Backblaze, a cloud storage innovator providing a modern alternative to traditional cloud providers, announced the successful closing of a senior secured revolving credit facility in an aggregate principal amount of up to $20.0 million, of which an aggregate amount of up to $3.0 million will be available through a letter of credit sub facility, with Citizens Bank. Backblaze enters into the agreement with a strong liquidity profile, including more than $50 million in cash and marketable securities
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Cambrian, a leader in wastewater treatment, water reuse, and energy recovery-as-a-service, announced the closing of a $150 million credit facility with ING Capital. This strategic partnership with ING, a global financial institution recognized for its commitment to sustainable finance, will support the rapid expansion of Cambrian's innovative Water-Energy Purchase Agreement (WEPA) offerings.Cambrian's WEPA platform delivers decentralized wastewater treatment, water reuse and renewable energy
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CIBC Innovation Banking provided funding to CyberQP, a leading provider of Zero Trust Helpdesk Security solutions. The support comes as CyberQP scales its operations globally and accelerates its mission to transform how IT teams secure access and streamline operational workflows.CyberQP’s platform helps organizations secure technician and end-user access, reduce cyber risk, and improve helpdesk efficiency through a unified Zero Trust approach. Founded in 2019, CyberQP is a rapidly growing
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nFusion Capital provided a $4 million factoring facility to a company in the Northeastern United States, that provides structural steel/precast concrete erection, reinforcing bars, rigging, crane services, and equipment rentals used in the construction industry. The Company had been involved in a high volume of bonded projects, making securing financing challenging. Also, the company had grown rapidly and transitioned to a larger accounting firm and office management team.During the transition
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Barings, one of the world’s leading investment managers, and Crebrid, the newly rebranded and rapidly growing real estate lending platform formerly known as Wildcat Lending, announced a new credit facility that will help accelerate Crebrid’s credit origination across the United States.Under the agreement, Barings’ investors will take a minority equity position in Crebrid as part of the transaction. Barings’ investors will also provide a flow purchase facility with $500 million in initial
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Saluda Grade, an alternative investment firm specializing in asset-based finance with a focus on residential real estate, has acquired Hillcrest Finance (“Hillcrest”), a minority- and women-owned investment firm with expertise in commercial real estate (“CRE”). The acquisition comes a year after Saluda Grade acquired a passive minority stake in Hillcrest in June 2024.“This is a natural progression of the strong relationship we’ve built with Hillcrest over the past year,” said Ryan Craft, Founder
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Second Avenue Capital Partners (SACP), the specialty finance affiliate of SB360 Holdings, announced a leadership transition as Chris O’Connor, President of SACP, retired effective May 31, 2025. O'Connor's leadership was key to the firm’s success and in establishing its strong relationships across the client and lending community.As part of this transition, SACP has promoted the following individuals, including three of its founding members, to new leadership roles:
Michael Sullivan, Founding
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Hilco Global announced the appointment of two distinguished executives — Hon. Patrick J. Murphy as Chairman of the Hilco Global Geopolitical Unit and Alexander Niejelow as CEO of Hilco Global Cyber Advisors. These appointments mark the launch of two transformative business units designed to provide clients with critical insight and strategic resilience amid evolving global challenges. “Hilco Global is thrilled to welcome Patrick Murphy and Alexander Niejelow to our leadership team,” said
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Webster Bank announced that Dan Gioia has joined the bank’s Asset Based Lending (ABL) division as Senior Managing Director, Third Party and Large Corporate ABL Origination. He will report to David Viggiano, SMD National Sales Leader ABL at Webster. Based in New York, NY, Dan will cover the ABL syndicated market across the U.S.Gioia has over 30 years of leveraged finance and ABL banking experience including positions at GE Capital, Morgan Stanley and Oppenheimer. Most recently, Gioia led RBC’s
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MONTICELLOAM, a specialized multifamily and seniors housing bridge lending platform, along with a firm affiliate, announced the financing of a $71,200,000 floating-rate senior bridge loan for a multifamily community in Maryland. The financing was originated by Chris Hetzel, Managing Director at MONTICELLOAM, and brokered by JLL Washington’s Jamie Leachman, Amit Kakar, Sean O’Brien, and Will Deskey. “We were thrilled to be able to leverage our firm’s multifamily financing expertise to structure a
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Bank of America has named Gabby Hodgson, Merrill market executive, as president of Bank of America Colorado. She succeeds Raju Patel who led the market for the past six years and continues as Global Commercial Banking market executive for Colorado.As president and head of the market, Hodgson will connect clients, teammates and communities to the full power of the franchise and drive integration across the bank’s eight lines of business. She will oversee the company’s efforts to grow market share
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Elevex Capital, an independent commercial equipment finance company, announced it has secured two distinct credit facilities from premier lending partners Wells Fargo and Woodforest National Bank. The capital unlocks Elevex's ability to execute on its robust pipeline of lending opportunities and positions the Company for its next phase of growth."These facilities mark a major milestone for Elevex as we continue scaling our platform," said Jeffry Elliott, CEO of Elevex. "We're proud to work with
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TAB Bank provided a $2 million revolving asset-based line of credit for a Canadian medical supply chain financing and logistics company. The company opened a $2 million Certificate of Deposit (CD) at TAB Bank to serve as collateral on the loan. TAB Bank’s high-yield CD rate, currently at a 4.15% Annual Percentage Yield (APY), is a primary reason the medical supply chain solution provider chose to work with TAB. This strategic move allows the company to earn a return on its deposit while
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Moritt Hock & Hamroff, a New York-based commercial law firm, expanded their capabilities in South Florida when the attorneys from Saavedra Goodwin, a Fort Lauderdale-based boutique law firm focused on business litigation, real estate, and corporate law joined the firm. This marks the second significant expansion into South Florida following the 2023 announcement when Greg Ritter and several attorneys from Ritter Chusid LLP joined Moritt Hock & Hamroff to establish its first full- service office
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