Encina Lender Finance closed a $50 million senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors.
“We are proud to support Mountain Ridge Capital and its senior management team comprised of long-standing industry veterans, who have a demonstrated and impressive track record in asset-based lending,” Ed Chang, CEO of Encina Lender Finance, said. “We look forward to working closely with Craig Winslow and his team as they continue to grow their business.”
“I’ve enjoyed working closely with the Encina team to put in place a customized and flexible credit facility that will enable us to build a diverse, scalable portfolio of well-structured asset-based revolvers and term loans,” Craig Winslow, president and chief credit officer of Mountain Ridge, said.
