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Articles by Jason Rae
Trump Will Roll Back LGBTQ+ Freedom
On November 5, Americans will have a choice: they can vote for freedom and progress, or chaos and regression. If Donald Trump and MAGA Republicans win in November, our fundamental human rights will be ripped away. The far-right is obsessed with rolling back the freedoms of the LGBTQ+ community, and they will stop at nothing until LGBTQ+ Americans across the country are forced into silence. But it doesn’t have to be that way. Our Vice President, Kamala Harris, represents a new way forward.
Encina Lender Finance Provides $50MM Senior Secured Revolver to Saratoga Investment
Encina Lender Finance Provides $50MM Senior Secured Revolver to Saratoga Investment Saratoga Investment Corp., a business development company, announced that its wholly-owned subsidiary, Saratoga Investment Funding II LLC (“SIF II”), an entity formed for purposes of entering into this financing arrangement, closed a new $50.0 million senior secured credit facility with Encina Lender Finance.
Encina Lender Finance Provides $35MM Senior Credit Facility to Speed Leasing
Encina Lender Finance Provides $35MM Senior Credit Facility to Speed Leasing Encina Lender Finance provided a $35 million senior credit facility to Speed Leasing Company, LLC, a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to consumers. Founded in 2017 and based in Dania Beach, Florida, Speed Leasing is majority owned by 777 Partners LLC.
Allen & Overy Adds Partner Potiha, Strengthening U.S. Leveraged Finance Practice
Allen & Overy Adds Partner Potiha, Strengthening U.S. Leveraged Finance Practice Allen & Overy announced that Ilona Potiha has joined the firm as a partner in its U.S. Leveraged Finance practice, based in New York. Ilona joins from Davis Polk & Wardwell where she was most recently counsel, helping to develop the firm’s leveraged finance designation platform.
Bitcoin Self-mining Company Secures $100MM Revolving LOC from Silvergate Bank
Bitcoin Self-mining Company Secures $100MM Revolving LOC from Silvergate Bank Marathon Digital Holdings, a Bitcoin self-mining companies in North America, announced a new $100 million revolving line of credit with Silvergate Bank, a leading provider of innovative financial infrastructure solutions and services for the growing digital currency industry.
Rosenthal Launches Pipeline, Geared Towards High-Growth Direct-to-Consumer and E-Commerce
Rosenthal Launches Pipeline, Geared Towards High-Growth Direct-to-Consumer and E-Commerce Rosenthal & Rosenthal announced the launch of Pipeline, a new e-commerce growth capital resource tailor-made for savvy entrepreneurs and founders looking for an extra edge to keep their brands charging forward.
Platte River Equity Acquires Municipal Emergency Services
Platte River Equity Acquires Municipal Emergency Services Platte River Equity acquired Municipal Emergency Services, Inc. ("MES" or the "Company") from HB Equity Partners. Headquartered in Sandy Hook, Connecticut, MES is a leading equipment supplier and service provider to first responders throughout the United States. "We are looking forward to our new partnership with Platte River," said Tom Hubregsen, CEO of MES.
Greystone Provides $50MM in Bridge Financing for 6-Property Skilled Nursing Portfolio
Greystone Provides $50MM in Bridge Financing for 6-Property Skilled Nursing Portfolio Greystone provided a $50,100,000 bridge loan for the acquisition of a six-property skilled nursing portfolio in Ohio. The transaction was originated by Fred Levine of Greystone. The portfolio, totaling 719 beds, is secured by a floating rate, interest-only loan funded through our uniquely non-recourse bridge loan program.
Eclipse Business Capital Provides $77.5MM Revolving Credit Facility to Ranger Energy Services
Eclipse Business Capital Provides $77.5MM Revolving Credit Facility to Ranger Energy Services Eclipse Business Capital (“EBC”), formerly known as Encina Business Credit, provided a $77.5 million senior secured credit facility consisting of a $50 million revolving credit facility, a $12.5 million M&E term loan facility and a $15 million term loan B facility to a market leader in the oil and gas well services industry.
Citizens Financial Group Names Lindstrom to Lead Business Banking
Citizens Financial Group Names Lindstrom to Lead Business Banking Citizens Financial Group, Inc. announced Sarah Lindstrom will become Head of Business Banking, effective Oct. 4. Lindstrom will report to Simon Griffiths, Head of Core Banking for Citizens’ consumer bank. Lindstrom joined Citizens in 2017 and was most recently Head of Retail Network Transformation & Branch Operations.
Castlelake Establishes Castlelake Aviation Limited
Castlelake Establishes Castlelake Aviation Limited September 30, 2021, 07:50 AM Castlelake, a global alternative investment firm and experienced leader in aircraft investing, leasing and servicing, announced the creation of Castlelake Aviation Limited ("CA"), a corporate lessor of commercial aircraft that will finance a portfolio of modern, young, fuel-efficient aircraft.
Partnering with a Restructuring Specialist in the Age of COVID-19
Partnering with a Restructuring Specialist in the Age of COVID-19 Date: Sep 05, 2020 @ 09:00 PM ABL Advisor Video Series: Lenders of all specialties are faced with significant challenges working with borrowers negatively impacted by the Coronavirus. As a result, many lenders find themselves working through countless requests to restructure credit facilities.
White Oak Real Estate Capital Closes First Loan Investment
White Oak Real Estate Capital Closes First Loan Investment White Oak Real Estate Capital ("WOREC") provided a $28.45 million senior secured loan to 1784 Capital Holdings for the development of a Class-A self-storage facility in the city of Goleta, California. The deal marks the business’ first loan since WOREC launched as an affiliate of White Oak Global Advisors in July 2021.
Crossroads Systems Merges with Rise Line Business Credit
Crossroads Systems Merges with Rise Line Business Credit Crossroads Systems, a holding company focused on investing in businesses that promote economic vitality and community development, announced a merger with Rise Line Business Credit ("Rise Line"), a nationwide asset-based lending firm that provides innovative working capital solutions.
HSBC Launches Sustainable Finance Product Suite to Canadian Businesses
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) HSBC Launches Sustainable Finance Product Suite to Canadian Businesses HSBC Bank Canada announced the launch of five new sustainable finance tools for commercial and global banking clients.
J.P. Morgan Private Capital Appoints Sikora to Growth Equity Partners Platform
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) J.P. Morgan Private Capital Appoints Sikora to Growth Equity Partners Platform J.P. Morgan Private Capital appointed Luke Sikora as a Partner of its Growth Equity Partners platform. Sikora will serve as a member of the Investment Committee and help lead the platform's investing efforts on the West Coast.
Inflation, Debt and Shortages Pose Challenges Despite a Strong Economic Recovery
Inflation, Debt and Shortages Pose Challenges Despite a Strong Economic Recovery Date: Sep 23, 2021 @ 07:00 AM Did Someone Say, Pandemic? Despite a year disrupted by a global pandemic that spurred a 34 percent drop in the S&P to 2,237, an unemployment rate of nearly 15 percent, and a horribly low labor force participation rate of 60 percent – consumers still managed to pay down credit card debt and set the stage for robust economic growth.
Colombo to Retire as CEO of Bank of Marin, Myers to Succeed
Home / Press Releases / Read Press Release Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Colombo to Retire as CEO of Bank of Marin, Myers to Succeed Russell A. Colombo, Chief Executive Officer of Bank of Marin and Bank of Marin Bancorp, has formally announced his retirement, effective Oct. 31.
ENGS Commercial Finance Increases App-Only Threshold up to $1MM
ENGS Commercial Finance Increases App-Only Threshold up to $1MM ENGS Commercial Finance Co., a member of Mitsubishi HC Capital Group (MHC), announced that ENGS will be making a change to its Application-Only threshold and will be able to approve exposures on an App-Only basis up to $1,000,000 for qualified credits. John Carroll, Chief Risk Officer at ENGS Commercial Finance, said, “This is a very exciting development for our business.
Gordon Brothers & JLL Expand Strategic Alliance to Provide Services in Spain & Portugal
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Gordon Brothers & JLL Expand Strategic Alliance to Provide Services in Spain & Portugal Gordon Brothers and Jones Lang LaSalle Incorporated (JLL) have expanded their strategic alliance to offer integrated services to businesses operating in Spain and Portugal that are going through change or transformation.
Citizens Advises WorkN on its Acquisition by Avionté
Citizens Advises WorkN on its Acquisition by Avionté Citizens M&A Advisory served as the exclusive financial advisor to WorkN, a mobile on-demand staffing platform, on its acquisition by Avionté, a portfolio company of Serent Capital. This acquisition represents Citizens’ 17th Human Resources Technology transaction and second with Avionté. WorkN’s SaaS platform offers an engaging mobile experience for staffing and recruiting, which is fast becoming a critical element in talent enablement.
Due Diligence Dynamics - Lessons Learned During the Pandemic
Richard T. Lawrence Director – Credit Risk Advisory Group | CBIZ Mr. Lawrence is a Director and Co-Head of ABL Field Examination Group in the Credit Risk Advisory division of CBIZ, located in Plymouth Meeting, PA, a suburb of Philadelphia. Mr. Lawrence has been with CBIZ since 2015. In his role, he leads Specialty Lending, Securitization, and Asset Based Lending due diligence exams.
Apollo’s ‘Expanding Opportunity’ Initiative Sparks Strategic Relationship Between MidCap Financial and Lafayette Square
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Apollo’s ‘Expanding Opportunity’ Initiative Sparks Strategic Relationship Between MidCap Financial and Lafayette Square MidCap Financial in alliance with Apollo Global Management announced the start of a non-exclusive strategic capital relationship with Lafayette Square, an impact investment platform founded by Damien Dwin that is...
Cambridge Savings Bank Fuels The Ockers Company’s Growth With $8MM Credit Facility
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Cambridge Savings Bank Fuels The Ockers Company’s Growth With $8MM Credit Facility Cambridge Savings Bank (CSB), a full-service mutual bank with a customer-first approach and more than $5 billion in assets, announced that its Asset-Based Lending team has extended an $8 million credit facility to The Ockers Company, an information and...
TradeCap Partners Extends $500K Production Finance Facility to Northeast Fragrance Manufacturer
TradeCap Partners Extends $500K Production Finance Facility to Northeast Fragrance Manufacturer A $500,000 Production Finance Facility to a Northeast fragrance manufacturer was recently extended by TradeCap Partners. A steady increase in the volume of deliveries, the hiring of a new sales manager and the addition of two new brand licenses were driving increased working capital needs.
Hilco Global Hires Glossinger to Lead Detroit Office of Growing Performance Solutions Advisory Practice
Hilco Global Hires Glossinger to Lead Detroit Office of Growing Performance Solutions Advisory Practice Hilco Performance Solutions (an operating unit of Hilco Global) announced that Jesse Glossinger has joined the organization as Director on its advisory team. Glossinger, a 15-year veteran of The Ford Motor Company will be based in Madison Heights, MI working out of the rapidly expanding Hilco Global offices in Metropolitan Detroit.
Great Elm Capital Corp. Acquires Majority Interest in Lenders Funding
Great Elm Capital Corp. Acquires Majority Interest in Lenders Funding Great Elm Capital Corp. (GECC), a business development company, has acquired a majority equity interest in Lenders Funding, LLC (Lenders) a private funding and risk sharing source for factors and asset-based lenders. Established in 2000, Lenders Funding purchases participations in factoring and asset-based lending transactions as well as provides working capital to customers under a variety of lending programs.
Great Rock Capital Closes $13.2MM Credit Facility with IFS Intermediate
Great Rock Capital Closes $13.2MM Credit Facility with IFS Intermediate Great Rock Capital closed a $13.2 million senior secured credit facility with IFS Intermediate (“IFS”), a full-service water blasting, hauling, and industrial vacuuming business that serves utility companies throughout the Midwest and along the East coast. The new capital refinanced the company’s existing lender and provides IFS with additional liquidity to support future growth.
Audio/Visual Asset Value Rebound Highlights Sector’s Resilience
Audio/Visual Asset Value Rebound Highlights Sector’s Resilience Date: Sep 09, 2021 @ 07:00 AM Tiger Group experts provide insights into the factors asset-based lenders should contemplate when considering lending into the professional A/V sector.
CIM Group Closes $67.5MM Loan Secured by Hotel Villa Florence in San Francisco’s Union Square
CIM Group Closes $67.5MM Loan Secured by Hotel Villa Florence in San Francisco’s Union Square CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced that a CIM-managed fund has closed a $67.5 million loan to The Roxborough Group and AWH Partners to acquire Hotel Villa Florence in San Francisco, California. Hotel Villa Florence is a boutique hotel located at 225 Powell Street in Union Square in downtown San Francisco.
Antares Supports Industrial Growth Partners’ Acquisition of AEM
Antares Supports Industrial Growth Partners’ Acquisition of AEM Antares served as sole lead arranger and is acting as administrative agent on senior secured credit facilities to support the acquisition of AEM (Holdings) Inc. and AEM Group Limited by Industrial Growth Partners (“IGP”).
Audax Private Debt Provides Financing to Support Searchlight Capital Partners’ Investment in Care Advantage
Audax Private Debt Provides Financing to Support Searchlight Capital Partners’ Investment in Care Advantage Audax Private Debt announced that, as Administrative Agent and Sole Lead Arranger, it provided a unitranche credit facility to support the acquisition of Care Advantage by Searchlight Capital Partners (“Searchlight”), a New York-based private equity firm.
JPMorgan Chase Agents Papa John’s Revolving Credit Facility Increase to $600MM
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) JPMorgan Chase Agents Papa John’s Revolving Credit Facility Increase to $600MM September 16, 2021, 08:03 AM Papa John’s International successfully completed its previously announced senior notes offering and the refinancing of its revolving credit facility, providing the Company with enhanced financial flexibility and additional...
Hilco Global Mexico Appoints Primary Servicer of Major Payroll Loan Company in Mexico
Hilco Global Mexico Appoints Primary Servicer of Major Payroll Loan Company in Mexico In recent weeks, Hilco Terracota, a subsidiary of Hilco Global and Hilco Global Mexico, was appointed as the Primary Servicer of one of the major Payroll Loan Companies in Mexico and Colombia (the “Company”). The Company has recently filed for Chapter 11 Bankruptcy in the US and Mexico and is undergoing a major restructuring process.
Gordon Brothers Partners with Nomura on $190MM ABL Facility to Support National Group Refinance
Gordon Brothers Partners with Nomura on $190MM ABL Facility to Support National Group Refinance Gordon Brothers, in partnership with global financial services group Nomura, has structured, arranged and participated in a $190 million syndicated facility to support Australian heavy earthmoving equipment company National Group’s refinancing of its existing debt facilities. In addition to participating as a lender, Gordon Brothers performed multiple roles to support the syndicate lenders.
Monroe Capital Expands in Asia with New Office in Seoul and Appointment of Alex Kim
Monroe Capital Expands in Asia with New Office in Seoul and Appointment of Alex Kim September 14, 2021, 08:03 AM Filed Under: Monroe Capital has expanded its platform to Asia with the appointment of Alex Kim, as Managing Director and Head of Asia. The newly opened office in Seoul, South Korea reflects Monroe’s commitment to expanding its business in Asia. Prior to Monroe, Alex was the CEO and Managing Director of Korea and Head of Southeast Asia Institutions at Aberdeen Standard Investments.
Risk Management Association Announces New 2021-2022 Board Leaders
Home / Press Releases / Read Press Release Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Risk Management Association Announces New 2021-2022 Board Leaders Michael G. Nassy, Executive Vice President and Chief Credit Officer, FVCbank, has been elected Chair of The Risk Management Association (RMA) for the 2022 fiscal year. Jodi Richard, Vice Chair and Chief Risk Officer, U.S. Bank, and Philippa X.
Camp Named Head of New Global Treasury Management Group at Wells Fargo
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Camp Named Head of New Global Treasury Management Group at Wells Fargo Wells Fargo announced that Paul Camp has been named head of Global Treasury Management.
Proceeds Beat Expectations by 45% in CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors
Home / Press Releases / Read Press Release Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Proceeds Beat Expectations by 45% in CBD Equipment/Real Estate Auction by Tiger Group and Tranzon Asset Advisors August 20, 2021, 07:15 AM Motivated bidders drove robust results in an online auction of foreclosed assets from a major CBD processor’s facility in Cadiz, Kentucky.
Wilmington Trust Hires 3 to Expand CLO Trustee & Loan Administration Division
Wilmington Trust Hires 3 to Expand CLO Trustee & Loan Administration Division Wilmington Trust added three senior relationship managers within the CLO and Loan Administration Division – Henry Brigham, Willis Hwang and David Knecht. The team will be based in the company's Costa Mesa, California office and will report to the Head of CLO & Loan Administration, Richard Britt.
Seacoast Completes Acquisition of Legacy Bank of Florida
Seacoast Completes Acquisition of Legacy Bank of Florida Seacoast Banking Corporation of Florida, the holding company for Seacoast National Bank, announced the completion of its acquisition of Legacy Bank of Florida, pursuant to the merger of Legacy Bank with and into Seacoast Bank. Legacy Bank, headquartered in Boca Raton, FL, had deposits of approximately $485 million and loans of approximately $476 million as of June 30.
Rabobank, Others Arrange $1.1B Credit Facility for Gunvor USA
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Rabobank, Others Arrange $1.1B Credit Facility for Gunvor USA Gunvor USA closed the syndication of its US$1.1 billion borrowing base credit facility. The facility includes a US$500 million accordion feature, which remains available to support future growth.
Business Capital Arranges Expansion Financing for 3 Horse Ranch Vineyards
Home / News / Read News Recipient's Email Address(es) (Separate multiple addresses with a comma) Your Email Address Send a copy to myself Your Message (optional) Business Capital Arranges Expansion Financing for 3 Horse Ranch Vineyards Business Capital (BizCap™) secured USDA backed Construction Financing for 3 Horse Ranch Vineyards LLC (3HRV), a leading vertically integrated winery.
Op-Ed: Hosting convention 'game-changing moment' for city
This will be the fifth Democratic National Convention I've attended. My first was when I was just 17 years old in Boston as a wide-eyed DNC member-elect. After that it was Denver, Charlotte and Philadelphia. Each has been unique and illuminating in their own way, in addition to being an extreme honor to attend. And what I can tell you from each of those experiences is that the opportunity to host the convention is a pivotal and game-changing moment for the city.
Jason Rae's Store
just selling a few ol' gay paintings. price is to reflect a profit of just $15 haha yeah
Choosing the Right Software Platform for the Commercial Lender
The commercial lending industry is undergoing a rapid digital transformation. Mounting customer expectations and a proliferation of new financial products and technologies are driving this change. This can make it daunting if you are considering investing in new software. It is easy to go down a wrong path and fall into a rabbit hole. To avoid getting stuck with the wrong solution, here are some key considerations to think about when seeking out new software for ABL and/or Factoring.
Fintech Special Purpose National Bank Charter Moves Closer to Reality
The Office of the Comptroller of the Currency (OCC), having recently defeated a second lawsuit challenging its authority to issue special purpose national bank (SPNB) charters to nondepository fintech companies, appears close to reaching a decision on whether it will move forward on its December 2016 proposal to issue such charters.
Uncovering M&A Red Flags: The Art of Due Diligence
Successful investors know the importance of quality M&A due diligence cannot be overstated. Standard financial due diligence focuses on analyzing a company’s projections, historical financials, working capital needs and accounting policies. However, there are other areas that should be analyzed in order to prepare a bulletproof assessment for investors. These other areas include both quantitative factors and qualitative factors such as corporate culture.
U.S. Capital Markets Expected to Remain Robust in 2018
The U.S. high-yield and investment-grade debt markets saw significant increases in 2017 over 2016 in dollar volume and number of issuances.¹ The U.S. equity indices reached new highs throughout the year, with the Standard & Poor’s 500 index ending the year up 19.4 percent.
Jason Rae: Diversity is key to stronger economy
National Small Business Week is the primary opportunity to both recognize the successes of small businesses across the country and to consider the ways in which the business community can become stronger.According to the U.S. Small Business Administration, small businesses employ over 50 percent of Americans, and is responsible for two-thirds of all new jobs.Small business has always been the birthplace of creativity and innovation in our country.
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