Siena Lending Group announced that Cheryl Carner has joined the organization as Senior Managing Director – Originations.Carner, most recently with SLR Credit Solutions (fka Crystal Financial), will contribute her decades of experience in sourcing and executing innovative financing solutions for middle market companies across a wide range of industries. Based in Boston and leveraging her national reputation and network, she will focus on driving Siena's expansion strategy into larger
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October 20, 2025 @ 08:15 AM
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Ares Management Corporation appointed Bill Benjamin, current Co-Head of Ares Real Estate, to the newly created position of Vice Chairman of Ares, effective January 1, 2026. The Ares Real Estate team will continue to be led by Julie Solomon as the global Head of Real Estate.In his role as Vice Chairman, Mr. Benjamin will report to Kipp deVeer and Blair Jacobson, Co-Presidents of Ares, and will remain based in London. He will continue to focus on partnering with Real Estate leadership on strategic
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October 20, 2025 @ 08:10 AM
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eCapital provided a $4 million healthcare receivables financing facility to a skilled nursing operator in New Jersey. The funds will be used to enhance liquidity, refinance existing obligations, and support ongoing operations across the provider’s facilities.Skilled nursing operators are navigating an increasingly complex landscape marked by fluctuating reimbursement cycles, rising labor costs, and evolving regulations. As demand for long-term care continues to climb, these organizations need
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October 20, 2025 @ 08:00 AM
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Abacus Finance Group announced the successful final closing of Abacus Finance SBIC Fund I, L.P. (the “Fund” or “Abacus SBIC”), raising $87.5 million in private capital for a total fund size of $262.5 million. The Fund was oversubscribed and ultimately hit the hard cap. The Fund leverages the U.S. Small Business Administration’s Small Business Investment Company (“SBIC") program, which provides government backing to enhance the fund’s capacity to support growing small businesses. Abacus SBIC is
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October 20, 2025 @ 07:54 AM
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Oportun, a mission-driven financial services company, announced several enhancements to its debt capital structure: The closing of a new $247 million, three-year revolving term committed warehouse facility with Citizens Financial Group, Inc., as senior lender and Community Investment Management, as mezzanine lender; A 12-month extension of an existing warehouse facility with Goldman Sachs as senior lender and Jefferies as mezzanine lender; Both warehouse facilities were priced more favorably
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October 20, 2025 @ 07:49 AM
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Red-Syndicate Finance, a direct private lender headquartered in Marina Del Rey, CA, provided $16 million in debt financing to support the acquisition, renovation, and operation of a senior-living facility located in Texas. This significant transaction was originated by Dakota A. Malone, CEO and Managing Director, underscoring his continued commitment to impactful investments within the senior housing in multifamily sector. "The project in question is a six-story development comprising 387
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October 20, 2025 @ 07:16 AM
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Top California Lender closed two significant acquisition loans totaling $7.8 million. These deals highlight the company’s swift action under urgent circumstances, stepping in to close both transactions simultaneously to enable the investors to move quickly and secure the properties.The first deal, a $5 million acquisition loan, enabled a returning local investor to secure a prime retail property in Denver's RiNo Art District. This 25,000-square-foot mixed-use building, located near Brighton
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October 20, 2025 @ 07:12 AM
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Gladstone Commercial Corporation amended, extended and upsized its syndicated revolving credit and term loan facility from $475 million to $600 million, with an option to increase such amount by a maximum of $250 million for a total credit facility of $850 million. The aggregate term loan component was upsized by $50 million, while the revolving credit facility was upsized by $75 million. The increased availability under the facility will support the company's growth, providing liquidity for
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October 20, 2025 @ 06:00 AM
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TD Bank announced the appointment of Brian Callanan as U.S. General Counsel and Andre Ramos as U.S. Chief Financial Officer, effective December 1, 2025."From his service as general counsel of the U.S. Treasury Department to his work in private practice, Brian brings a strong combination of legal and regulatory expertise and leadership experience to the U.S. franchise," said Leo Salom, President and CEO, TD Bank, America's Most Convenient Bank. "Similarly, Andre's decades of experience in senior
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October 17, 2025 @ 08:15 AM
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JPalmer Collective (JPC) closed a $1 million line of credit to Floura, a female-founded company dedicated to delivering exceptional, sustainably-sourced fiber-rich bars while fostering positive social and environmental impact. Floura founder Jeni Britton, is the visionary behind Jeni’s Splendid Ice Creams.“I’ve been a huge fan of Jeni’s Ice Cream — and Jeni Britton herself — for years. She’s a visionary who’s always been ahead of the curve,” said Jennifer Palmer, founder and CEO of JPalmer
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October 17, 2025 @ 08:02 AM
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Gradiant, a global leader in advanced water and wastewater solutions, closed a $50 million corporate facility with HSBC, bringing its total credit to over $100 million. The financing reflects Gradiant’s growing capital maturity and strengthens its capacity to scale sustainable water solutions worldwide.Strengthening Financial FoundationsStructured as a corporate revolving credit facility, the HSBC line supports U.S. working-capital needs, and provides Gradiant with flexible, on-demand liquidity
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October 17, 2025 @ 08:01 AM
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Cardo AI, a leading technology platform for asset-based finance and private credit, has appointed Daniel Esteve as Chief Revenue Officer (CRO) and Robert Horowitz as Chief Financial Officer (CFO). These strategic appointments are part of the company's commitment to accelerating growth and strengthening its US presence.Dan brings 20 years of sales and leadership experience in finance and FinTech to Cardo AI. Dan began his career in commodity futures sales and trading at the CME Group and was most
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October 17, 2025 @ 07:55 AM
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Versant Funding funded a $2.5 million non-recourse factoring facility to a company that provides software and consulting services to major multinational companies.The factoring company this business had relied upon for many years to meet its working capital needs refused to fund against invoices from a few key accounts. The resulting cash shortfall was reducing the company’s ability to service its customers.“Versant focuses solely on the credit quality of our clients’ customers,” according to
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October 17, 2025 @ 07:52 AM
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Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a senior secured credit facility to support York Capital Management in their refinancing of APT Healthcare (“APT”), an outpatient physical therapy provider.Founded in 2002 and headquartered in Glen Burnie, MD, APT offers a diverse array of services including physical therapy, chiropractic, orthopedic rehabilitation, aquatic therapy, and other ancillary services. APT’s unique marketing and revenue cycle
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October 17, 2025 @ 07:50 AM
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First-Citizens Bank & Trust Company, the wholly owned banking subsidiary of First Citizens BancShares, entered into an agreement to acquire 138 branches in the Midwest, Great Plains and West regions of the U.S. from BMO Bank N.A. The branches are located in North Dakota, South Dakota, Wyoming, Nebraska, Kansas, Missouri, Oklahoma and Idaho, as well as select branches in western Minnesota, one branch in eastern Oregon and one branch in southern Illinois. In connection with the purchase, First
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October 17, 2025 @ 07:43 AM
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