Encina Lender Finance closed an inaugural senior credit facility for Great Elm Healthcare Finance, a Nashville, TN-based provider of financing for healthcare operators.
Encina Lender Finance closed $360 million in funding commitments from nine banks.
Encina Lender Finance added Rick Snyder as head of originations for the consumer vertical, Aharon Tarnavsky as head of originations for the commercial vertical, Kathy Myers as managing director of risk and Megan McKinless as director of syndications.
Encina Lender Finance expanded its senior leadership team with the addition of Jeff Carbery as managing director, Ryan Connorton as managing director and Latonya Whitfield Stroup as director. In addition, Harrison Hodges and Lee Schuessler joined the company as associates.
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.
Encina Lender Finance promoted Dan Avnir to chief commercial officer. Avnir had previously served as managing director of originations for the firm.