Forward for Specialty Finance
Deal Summary
National Funding/FairSquare
$83,300,000
Bank Line of Credit, Mezzanine Capital
Forbright Bank, Hudson Cove Capital
Deal Notes:
National Funding secured an $83.25MM credit facility with Forbright Bank, including $9MM mezzanine capital from Hudson Cove, for SMB lending growth.
The facility boosts National Funding’s leverage from 85% to 90% and supports liquidity, origination, and balance sheet expansion.
