News

According to Nick Cole, the head of restaurant and hospitality finance at Mitsubishi UFJ Financial Group, the number of U.S. restaurants has not yet rebounded to pre-pandemic levels and is still significantly lower than what it was before COVID-19.

United Capital Funding Group, a Florida-based factoring firm, completed 10 transactions totaling $17.56 million in accounts receivable financing in Q4/22.

According to Kroll Bond Rating Agency, the delinquency rate among KBRA-rated U.S. commercial mortgage-backed securities rose eight basis points in December to 2.97%, up from 2.89% in November and a low of 2.76% in September.

Celtic Capital achieved a new client relationship with a California-based manufacturer of precision machined products using metal alloys and plastics for industrial and commercial applications.

Fairview Partners Investment Management invested more than $500 million into senior secured real estate debt across the United States since the firm's founding in 2011. This milestone included more than $100 million invested in each 2021 and 2022.

Siena Lending Group donated more than 300,000 meals to individuals and families.

Crescendo Asset Management (CAM) closed $200 million in facilities in its first year of business in addition to launching CAM Alternative Capital Solutions (CAM ACS).

GoldenTree Loan Management II (GLM II) and its affiliated investment manager GoldenTree Asset Management, closed a $487 million collateralized loan obligation to be managed by GLM II.

Tax Guard resolved an IRS liability of $118,000 for an oilfield servicing company through an installment agreement with monthly payments of $1,855.

The San Diego Business Journal recognized David Gilbert, CEO and founder of National Funding, in the finance section of its annual edition of the SD 500 - The Most Influential People in San Diego.