Mountain Ridge Capital, an asset-based commercial finance company, officially launched. Backed with equity from Arena Investors, the company will be led by Craig Winslow as president and chief credit officer.
Encina Lender Finance closed a $300 million credit facility (which includes an accordion feature) for Arena Investors’ corporate private credit business segment, which provides capital to privately-held companies.
Velocity Capital Group, a provider of same-day capital advances to small businesses, secured a multi-draw term funding line of credit with Arena Investors, a global institutional alternative asset manager.
CFG Merchant Solutions is building upon its partnership with Arena Investors, in conjunction with Ceteris Portfolio Services, an Arena servicing affiliate, in servicing and providing liquidity to Platinum Rapid Funding’s merchant portfolio.
Arena Investors has joined SB Capital Group (an affiliate of Schottenstein) and 360 Merchant Solutions in a strategic partnership to fund Scargo Hill Capital and its investments.
Capstone Business Funding and Arena Investors provided a $20 million senior secured facility to an international contractor and construction management firm.
Pearl Capital Business Funding closed on a $30 million financing from Arena Investors. Axxcess Capital Partners acted as sole placement agent for the transaction.