News

BMO Harris Bank’s Asset-Based Lending group is serving as administrative agent and sole lender on a senior secured ABL Revolver facility to support Juggernaut Capital Partners’ portfolio company Mitchell & Ness.

Alvarez & Marsal has named Jonathan Nus as a managing director in its Global Transaction Advisory Group (TAG) in New York.

Citizens Commercial Real Estate Finance team is providing a $53 million loan to National Development for the construction of 7INK, a 180-unit co-living residential project at the Ink Block development in Boston’s South End.

LBC Small Cap provided senior secured credit facilities and an equity co-investment to support the acquisition of TalentSmart by Seaside Equity Partners.

The Chattanooga Times Free Press reported that Krystal Hamburger, the nation's second oldest fast food chain, has filed Chapter 11 for the second time in 23 years.

Portage Point Partners has added Jeff Gasbarra, Alyssa Lozynski, Joseph Shannon and Charles Wiltgen to its restructuring practice.

Beezy has closed a $16 million senior secured credit facility from Goldman Sachs Merchant Banking Division to accelerate growth and continue with its international expansion plan.

Commercial Finance Partners has set a new record in 2019 by facilitating more than $117 million in new SBA loans for 2019.

Banco Latinoamericano de Comercio Exterior closed a $110 million, seven-year, syndicated loan for Favorita Fruit an Ecuadorian agribusiness conglomerate with diversified business activities including bananas, dairy, and fertilizers.

In December, ENGS Commercial Finance funded a single month record of $115 million, and for the quarter, ENGS funded $222 million -- a 72% monthly/44% quarterly increase in year over year originations.