NEW YORK — April 3, 2025 — First Citizens Bank announced that its Sponsor Finance business provided a $22.5 million senior debt facility to help refinance and provide acquisition capacity for Standpoint Inc., a leading provider of management services and restoration services to homeowner association (“HOA”) communities across the U.S. The refinancing expanded an existing credit facility, significantly reducing interest expense and provided capacity for future growth.
Founded in 2013, Standpoint, a portfolio company of Los Angeles-based Caltius Equity Partners (“Caltius”), provides financial management and reporting, maintenance, administrative services, and restoration services to over 300 HOA communities in Florida (Compass Rose Management), Illinois (Braeside Management), South Carolina (IMC), and Maryland (Maredith).
“This financing provides us with the flexibility to scale efficiently while continuing to provide exceptional service to our HOA clients,” said Paul Reyes, chief executive officer of Standpoint. “We’re excited about the opportunities ahead and grateful for First Citizens’ partnership in supporting our growth.”
“We greatly appreciated the expertise of the First Citizens Sponsor Finance team in arranging this senior debt facility and the tremendous flexibility and creativity they provided Standpoint. First Citizens is one of the banking leaders in the HOA management space and it showed,” said Michael Morgan, a managing director at Caltius.
“Standpoint is a national leader in HOA services and we were pleased to support their ongoing growth and development with this financing,” said Eugene Weissberger, a managing director with First Citizens Sponsor Finance.
First Citizens Sponsor Finance provides senior financing to middle market private equity firms and their portfolio companies across a variety of industries. The bank supports private equity transactions including leveraged buyouts, add-on acquisitions, growth capital and recapitalizations.
