Mountain Ridge Capital closed a $15 million senior secured credit facility for ICU Eyewear, a West Coast-based designer and marketer of eyewear and eyewear accessories.
Alpine Ridge Funding, a factoring commercial finance company, announced its official launch. Strategically backed with equity from Mountain Ridge Capital, Alpine Ridge is focused on originating, underwriting and managing factoring facilities from $50,000 to $30 million.
Mountain Ridge Capital hired Daniel Williams as a managing director of business development covering the Northeast region. In his role as business development officer, Williams will spearhead the company’s efforts to build relationships with key stakeholders in the Northeast.
Mountain Ridge Capital closed a senior secured credit facility for a commercial bakery operation in the Southeast. The new credit facility, consisting of a $3 million revolving line of credit and a $3 million term loan, refinanced a national commercial bank.
Encina Lender Finance closed a $50 million senior secured credit facility for Mountain Ridge Capital, an asset-based commercial finance company backed by Arena Investors.
Mountain Ridge Capital and Great Rock Capital, jointly closed a $75 million senior secured credit facility for HOP Energy.
Mountain Ridge Capital, an asset-based commercial finance company, hired Bill Drmacich and Jay Fabian as managing directors of business development. Both Drmacich and Fabian will collaborate to provide all forms of credit to lower middle-market companies across the country.
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.