Cambridge Wilkinson (CW) closed a $30 million senior secured debt facility arranged for an online consumer installment lender. The client provides installment loans to underserved sub-prime consumers across the U.S. that support their cash needs. This client has over a 10-year track record in consumer lending, and this new senior facility will enable it to scale its business to the next level. A key consideration by the lender was the operational sophistication, technology platform and strong underwriting supported by the company.
“We are pleased to be able to assist another one of our specialty finance clients scale their platform not only with the right form of capital, but also with the right partner who truly understands the nuances of their business. We continue to push forward with our mandates through these volatile market conditions as our client’s needs for capital continues to expand. We have significant appetite from our network of debt and equity investors to fund specialty finance opportunities all kinds. Investors are hungry for high quality and scalable opportunities,” Rob Bolandian, co-founder and global head of investment banking at Cambridge Wilkinson, said.
