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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FGI Worldwide announced the hiring of Jennifer Zimmerman as Director of Client Onboarding and Success, FGI Tech. Ms. Zimmerman will lead worldwide client success efforts for TRUST™, FGI Tech’s credit insurance management software.Ms. Zimmerman has over 25 years of experience in the commercial software space and brings deep expertise in operations, client support, software implementation, and security. With a focus on aligning client objectives with TRUST’s capabilities, Ms. Zimmerman will
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Commercial chapter 11 filings totaled 733 in May, an increase of 62 percent over the 453 filings in April, according to data provided by Epiq AACER, the leading provider of U.S. bankruptcy filing data. The overall May commercial filing total of 2,695 represented an 8 percent increase from the April 2025 commercial filing total of 2,489. Small business filings, captured as subchapter V elections within chapter 11, increased 3 percent to 228 in May 2025 from 223 the previous month. May’s 48,218
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Crown Partners successfully arranged a $32 million senior financing for a portfolio company of a New York-based private equity firm. Crown Partners served as the exclusive financial advisor in connection with this transaction.The company is a premiere developer and manufacturer of beauty products, including color cosmetics, skincare, and hair care. It supports numerous market-leading prestige brands through a differentiated portfolio of proprietary formulated products.“Crown Partners served as
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Trinity Capital announced the commitment of $40 million in growth capital to Paytient, a healthcare payments company helping people better access and afford care. Paytient enables employers and insurers to transform how cost share responsibility feels for patients. As part of the health plan, Paytient allows people to access care from providers and manage out-of-pocket healthcare costs over time, without interest or fees. Paytient's members can choose lower-premium plans by creating certainty
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MidCap Financial provided a $90 million senior secured credit facility to Everde Growers. Proceeds from the credit facility were used to finance the acquisition and exit from bankruptcy as well as provide ongoing working capital.Everde Growers is a leader within the horticulture industry with a true coast-to-coast footprint consisting of over 6,700 acres in production encompassing 15 farm locations throughout Texas, Florida, California, and Oregon. The Company’s superior growing methods and
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Wintrust Receivables Finance (WRF) announces a $40 million accounts receivable line of credit for a well-established Midwest-based third-party logistics firm. The company has been one of the fastest growing third-party logistics companies in the county for a number of years and recognized as such numerous times by Inc. Magazine as part of the Inc. 5000. The company has grown through the years by providing best-in-class logistics and transportation services to customers in the food and beverage
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Aequum Capital increased its senior credit facilities to $7.25 million for a premier producer of craft maple syrup products. This upsizing reflects Aequum's continued support of the company's growth trajectory and provides enhanced financial flexibility as the company navigates evolving market conditions, including the impact of recently imposed tariffs that are affecting the industry.The borrower, a leading provider of premium maple syrup products specializing in blending, bottling, and
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