AloStar expanded its product offering with the launch of AloStar Real Estate Finance. David Hudson was named managing director and will head the newest platform in the AloStar suite of products.
AloStar Business Credit provided a $6 million revolving line of credit and an $8.5 million term loan with mezzanine capital provided by Seacoast Capital.
Lakeland Industries completed two transactions totaling $18.5 million. The $15 million credit facility was provided by AloStar Business Credit, and the remaining $3.5 million was provided by LKL Investments.
AloStar Business Credit recently closed transactions totaling $30.35 million. Advanced Environmental Recycling Technologies closed a $15 million facility and Principal Manufacturing received $17.35 million in credit facilities.
AloStar Business Credit said it provided a $5 million revolver to Southeastern Aluminum Products in addition to a $2.1 million real estate term loan.