Haversine Funding closed $35 million in new lender finance loans in Q4/23. The quarter’s transactions included an array of funding solutions across multiple sectors, including:
- A $4 million factoring participation to bolster the growth of a construction business engaged in developing infrastructure for airports and municipalities
- A $15 million senior line of credit for a factoring company specializing in oilfield services
- A $2 million in asset-based loan participation for a healthcare IT services provider to aid expansion
- A $1.5 million asset-based loan participation for a consulting and IT services provider
- A $2.5 million subordinated debt facility for an asset-based lender
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“Our team’s agility in structuring and executing these deals underscores our deep understanding of the specialty finance sector,” Stan Vukmer, CEO and founder of Haversine Funding, said. “As the landscape evolves, we remain dedicated to supporting our clients’ growth, navigating through market complexities and offering strategic financial solutions.”
