Haversine Funding, a provider of comprehensive financial solutions to the specialty finance market – from participation funding to lender finance senior and junior lines of credit – closed a series of deals totaling $11 million. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
These transactions include:
- $2.5 million participation in a senior line of credit, lender finance loan for a transportation factoring firm.
- $1.5 million factoring participation to support a seafood distribution company.
- $1.5 million asset-based lending loan participation directed towards a staffing firm, enhancing its capability to fulfill growing customer demand.
- $1.5 million asset-based lending loan participation that reinforces a healthcare IT staffing and consulting firm, fostering its expansion and continued innovation.
- $4.0 million factoring transaction to a growing construction firm who received new, larger jobs for the coming year.
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