Caleb Smith has joined Gordon Brothers as Managing Director, North America Real Estate Services. In this role, Smith oversees Real Estate Services’ daily operations through the implementation of streamlined processes, procedures and methodologies and enhancing the operational platform to provide full life cycle portfolio optimization services to retail, office, commercial and industrial clients. Based in Nashville, Smith has over 15 years of experience in corporate real estate leadership
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Second Wind Consultants, America’s most respected name in corporate turnaround, announced its formal merger with Polaris Business Advisors.Through the merger, Polaris Business Advisors will become Rise Alliance – offering new capabilities and expanded resources to clients. Together, Rise Alliance and Second Wind bring together the nation’s largest network of commercial lenders, attorneys, restructuring professionals and working capital providers to serve clients with strength and scope not
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Flatbay Capital keeps the ball rolling with another $2.3MM bridge loan funded for a Houston-based, aerospace machine shop. This deal was secured by the company's main operating headquarters located in one of Houston’s historically underutilized business zones (HUBZones). About the CompanyThis women-owned, family business was established in 1980 by the late patriarch of the family and specializes in high-volume production runs and prototype manufacturing for major industries such as aerospace and
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Provident Financial Services announced that its merger with Lakeland Bancorp was completed, creating the premier super community banking franchise in the region. The merger of Lakeland Bank with and into Provident Bank has also been completed. In accordance with the Agreement and Plan of Merger dated as of September 26, 2022, as amended (the “Merger Agreement”), at the close of the transaction Lakeland shareholders have the right to receive 0.8319 of a share of Provident common stock for each
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Pathward announced the expansion and transformation of its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.Pathward Solutions for Financial Institutions provides an enhanced, turnkey product lineup for financial institutions that cuts out the need for multiple third parties. With the transformed
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Haynes and Boone added Real Estate Finance Partner Daniel Mallet to the firm’s Orange County office. Mallet joins the firm from Sheppard Mullin, where he worked for the last five years.Mallet is the seventh partner to join the rapidly growing Orange County office since September, along with Jeff Morton, David Hengstler, Martin Florman, Paul Tobin, Elizabeth Weldon and Kevin Crisp.His practice focuses primarily on secured and unsecured real estate finance transactions on behalf of clients such as
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Trinity Capital announced the commitment of $60 million in growth capital to Metabolon, a global leader in providing metabolomics solutions advancing a wide variety of life science research, diagnostic, therapeutic development, and precision medicine applications.Metabolon develops scientific, technological, and bioinformatics techniques to measure inputs from internal and external factors such as health, disease, nutrition, microbiome, medication, and environmental exposure, to help answer
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Gordon Brothers opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific. Gordon Brothers has been active in the Middle East since 2023 and provides holistic solutions across asset services and trading to retail and industrial clients in the region with a focus on servicing companies, financial institutions and their advisors. Phillip Weston, Director, Commercial & Industrial, leads the Dubai office and is responsible for driving growth in
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Womble Bond Dickinson (US) announced that Merrick Benn has been elected US Chair and CEO, effective January 1, 2025. Currently a member of the firm’s Global Board, Benn will succeed Betty Temple, who has served as US Chair and CEO since 2016. They will work closely with the Firm Management Committee to ensure a successful transition. A global finance partner, Benn has 25 years of experience advising clients in equipment finance transactions, including secured financings, cross-border
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eCapital completed a $10 million factoring facility for a prominent Canada-based staffing company specializing in the recruitment and management of talent in the global energy sector.Established in the 1970s, the staffing company swiftly ascended to international leadership within the energy industry. Confronting the challenge of rapid expansion and complex cash management needs, the company found traditional financing options limiting. Encountering inflexibility from their Schedule A bank
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Solifi announced the launch of ESG Portfolio Strategist, as the latest innovative application in its product suite. Enabling automotive finance businesses to operationalise ESG strategy within their existing leasing workflow, ESG Portfolio Strategist enables ESG compliance and strategy execution, and can support them in tracking, monitoring, and proactively advising clients on their ESG portfolio analytics. It is a cloud-native SaaS offering that can be integrated with any Originations or
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First Citizens Bank's Commercial Real Estate business provided $24.5 million in construction financing for 121 Commerce Center, a large new industrial property in Grapevine, Texas. The facility will cover more than 272,000 square feet and feature 36-foot ceilings, 54 truck doors and more than 350 parking spaces. The 16-acre site is strategically located near Highway 121, Interstate 635 and Dallas-Fort Worth airport.Construction has begun on the facility, which is owned by an affiliate of GTIS
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Monroe Capital acted as joint lead arranger on the funding of a senior credit facility to support the acquisition of Cloudbreak Health (“Cloudbreak”) by GTCR. Headquartered in Columbus, OH, Cloudbreak is a leading video-focused language interpretation service provider that helps patients with limited English proficiency, as well as deaf and hard-of-hearing populations, communicate with caregivers in healthcare settings. The Company's core offering is Martti™ (My Accessible Real-Time Trusted
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TAB Bank has been named Best Community Bank by the Utah Best of State Awards for the second year in a row. TAB will be honored at the Best of State Gala on Friday, May 24, 2024, at the Salt Palace Grand Ballroom in Salt Lake City.The Best of State Awards celebrates Utah’s outstanding individuals, businesses and organizations across various industries that excel in their endeavors, use innovative approaches or methods, and contribute to a better quality of life in Utah. Best of State judges
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An online auction hosted by Tiger Group on May 21 features the highest-quality rental and production-ready AV gear to be sold in North America, the company announced. The premium-quality rental gear—digital cameras, complete lens sets, individual lenses, monitors, drives, memory and accessories originally purchased from 2020-2023 for $4.5 million—is surplus to the ongoing operations of a global AV rental leader’s Hollywood location. Represented brands include Angenieux, ARRI, Canon, Codex
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