Daily News: June 5, 2012

Northeast Global Goes Into Asset-Based Lending

Northeast Global said it has entered the asset-based lending market niche. Northeast is a boutique merchant banking firm that primarily focuses on commercial real estate and business start-up expansion projects.

Now Northeast can, through one of its funds, lend against assets such as, contracts, homes, high-end jewelry and high-end art.

A spokesperson for the company said, “This initiative makes us very competitive in today’s world of high finance.” He went on to say, “With the addition of asset-based lending we can now completely service our clients.”