FirstClose completed a credit facility with Pacific Western Bank.
By providing capital to grow its market share, the multi-million dollar facility will support the growth the comnpany is experiencing from the demand for the its technology solutions by mortgage, home equity, and HELOC lenders.
“This credit facility provides us with the right type of funding at the right time in our trajectory as FirstClose continues on a path of growth,” said Tedd Smith, CEO of FirstClose. “We are experiencing consistent year-over-year growth, and are excited for the future.”
Westlake Securities served as the exclusive financial advisor to the management team of FirstClose on the facility.
Headquartered in Austin, TX, FirstClose provides technology solutions to mortgage lenders nationwide.
Westlake Securities is a middle-market investment bank founded in 2003 and headquartered in Austin.
