Siena Lending Group closed a $25 million asset-based credit facility for TRM NRE Acquisition to finance the acquisition of certain assets of National Railway Equipment.
Siena Lending Group closed a previously announced $80 million credit facility with iMedia Brands. In addition to the $80 million asset-based revolving credit facility, Siena arranged a $28.5 million term loan secured by company-owned real estate, which was completed in conjunction with Siena’s loan.
Siena Lending Group closed a three-year $5.5 million asset-based revolving credit and term loan facility for Magnuson Products, a women-owned business in the specialty auto parts manufacturing and distribution industry.
Siena Lending Group added Mark Orlando to lead its Los Angeles-based offices as director-Western Region manager. Orlando joins from Ares Commercial Finance.
First Capital announced it has provided a $7.5 million ABL facility to Triunfo-Mex, a distributor of Hispanic products.