Cross River Bank, a New Jersey State chartered FDIC-insured bank and Equal Housing Lender known for its Commercial Banking Group (CBG) and real estate lending platform, announced it has facilitated more than $1B in loans in the first half of 2025, while retaining $550MM in originations on its balance sheet—marking its highest mid-year performance to date. The team originated 46 loans, ranging from $490,000 to $50 million in multiple asset types.CBG maintained $2.4B in assets under management
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August 29, 2025 @ 08:15 AM
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eCapital arranged a $6 million asset-based lending facility to support the expansion and working capital needs of a growing distributor of stone and household fixtures in the southern United States.With a long-standing presence in the building materials trade, the company offers a wide selection of quartz, natural stone, and related products sourced from global suppliers. Its collections are trusted by industry professionals across a broad U.S. footprint, and the business continues to strengthen
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August 29, 2025 @ 08:08 AM
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Arde Sahraeean recently joined SLR Business Credit as Vice President, Account Executive. With over 15 years of industry experience, Sahraeean brings a wealth of knowledge in Portfolio Management and Underwriting. Sahraeean has held key roles at Banc of California, East West Bank, and Comerica and holds an MBA from Pepperdine University. Mr. Sahraeean is based in the Sherman Oaks, California office.
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August 29, 2025 @ 08:00 AM
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BlueLinx Holdings, a leading U.S. wholesale distributor of building products, has executed an agreement that provides the Company with a new five year, $350 million syndicated secured asset based revolving credit facility, with an option to increase the total commitments under the ABL Facility by up to $300 million subject to certain conditions, including consent from the lenders providing the incremental commitments. The ABL facility, which matures on August 27, 2030, replaces the Company’s
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August 29, 2025 @ 07:58 AM
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TPG Twin Brook recently served as administrative agent on debt financing to support:
H.I.G. Capital’s recapitalization of Health-E Commerce, a leading e-commerce retailer exclusively focused on providing flexible spending account (FSA) and health savings account (HSA) eligible products and services.
Seven Hills Capital-backed Spa Medicca’s recapitalization and add-on acquisition of Skin Science Aesthetics.
Spa Medicca is an industry-leading medical spa, largely servicing patients
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August 29, 2025 @ 07:50 AM
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NXT Capital closed a senior credit facility in support of Riata Capital Group’s acquisition of Coeo Solutions. NXT Capital acted as Sole Lead Arranger, Sole Bookrunner, and Administrative Agent on this transaction.“We are excited to partner with NXT Capital for the first time,” said Tom Belatti, Principal, Riata Capital Group. “The NXT Capital team was easy to work with and provided significant debt capacity to support the business going forward. We look forward to continuing the partnership on
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August 29, 2025 @ 07:44 AM
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Truist Financial announced that it has hired a new Tampa market president and appointed a longtime Orlando-based leader to a national sales role in Commercial Banking.Seasoned banker Ryan Booher joins Truist as market president for the Tampa Bay region and Steve Fisher has been named commercial sales leader to help accelerate growth across Truist’s footprint.Fisher, who has 24 years of financial services experience, has driven performance and profitability across Florida in senior leadership
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August 29, 2025 @ 07:27 AM
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Needham Bank announced the promotion of James Daley from Director of the Bank's Structured Finance team to Executive Vice President, Director of Commercial and Industrial (C&I) Banking, which provides an array of financial tools and solutions to Structured Finance, Middle Market and Small Business clients.Daley joined Needham Bank in March 2020 to establish the Structured Finance team. During his tenure, the team grew its portfolio of loans to more than $800 million, with nearly $1 billion in
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August 29, 2025 @ 07:06 AM
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FTR’s Shippers Conditions Index for June fell to -3.6 as shippers faced their toughest market conditions in three years. A big element contributing to the decline was the spike in fuel prices due to the now-eased tensions with Iran. Fuel volatility aside, the market looks basically neutral for shippers in the near term, according to FTR.June's index was down from -0.9 in May and 0.3 a year ago. It was the third consecutive month of negative scores.“The freight market still looks soft well into
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August 29, 2025 @ 07:00 AM
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USA Compression Partners entered into an Eighth Amended and Restated Credit Agreement effective August 27, 2025, extending the maturity of its senior secured asset-backed loan facility ("Amended ABL") until August 2030. The credit facility is led by J.P. Morgan and includes 20 financial institutions with a combined commitment of $1.750 billion. This represents an increase of $150 million from the prior ABL facility."We are pleased to extend and expand the Amended ABL, which has underpinned the
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August 28, 2025 @ 08:15 AM
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Wells Fargo released its inaugural Wells Fargo’s 2025 Supply Chain Report, From factory to checkout: The supply chain story you didn't know you were living. This report offers a timely and data-rich look at how tariffs, port delays, and cautious retail strategies are reshaping the supply chain — just as the holiday season approaches. Key Findings:
13% increase in goods financed from foreign suppliers through April 2025, as businesses raced to get ahead of tariff uncertainty
U.S. goods and
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August 28, 2025 @ 08:12 AM
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Churchill Asset Management, an investment specialist of Nuveen, announced the appointment of Michael Foley as Senior Managing Director, Head of Institutional. Foley will be responsible for leading Churchill’s institutional fundraising strategy, strengthening existing and building new client relationships globally. He will report to President & CEO Ken Kencel and sit on the firm’s Operating Committee. Foley will also assume the role of Co-Head of Institutional Business Development for Nuveen
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August 28, 2025 @ 08:10 AM
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Sallyport Commercial Finance funded a $4,000,000 accounts receivable facility for a leading industrial cleaning company. The client, referred to Sallyport by a consultant working with their bank, faced the pressing need to repay existing obligations while injecting fresh working capital to fuel growth. With their sights set on a turnaround, they needed a funding partner who could help them return to profitability and build a stronger, more sustainable business for the future. Where others
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August 28, 2025 @ 08:00 AM
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Alignment Credit, a provider of strategic credit solutions for growth and lower middle-market companies, acted as the sole lead arranger and administrative agent for a senior secured credit facility to REGO Restaurant Holdings IV, LLC to refinance previous debt facilities and provide capital for growth.Based out of Denver, REGO is a restaurant platform that is (i) the franchisor of Quiznos, a Denver based toasted sandwich QSR brand founded in 1981, (ii) the franchisor of Taco Del Mar, a fast
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August 28, 2025 @ 07:58 AM
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Comvest Credit Partners is acting as Administrative Agent and is the sole lender on a senior secured credit facility for Aspire General Holding Company, a Rancho Cucamonga, CA-based non-standard automobile (“NSA”) insurance platform. The investment supports the refinancing of Aspire’s existing debt, provides a dividend payment to owners, and helps fund the Company’s growth capital needs.Founded in 2013, Aspire offers automobile insurance throughout California, focusing on underserved and
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August 28, 2025 @ 07:49 AM
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