Encina Lender Finance added Dan Avnir to its commercial team as managing director, Denise Richardson to its operations department as collateral analyst and Jessica Ernst and Jeff Karlsson to its risk team as portfolio manager and senior associate, respectively.
Encina Lender Finance provided an inaugural senior credit facility to Urban Us Capital, a venture capital platform providing both structured equity and debt investments to early-stage companies and startups focused on upgrading cities for climate change.
Saratoga Investment Funding II (SIF II), a wholly-owned subsidiary of Saratoga Investment, a business development company, closed a $50 million senior secured credit facility with Encina Lender Finance.
Encina Lender Finance provided a $35 million senior credit facility to Speed Leasing Company, a specialty finance company engaged in originating and servicing used motorcycle leases to consumers.
Encina Lender Finance provided a $35 million senior credit facility to Uown Leasing, a portfolio company of 777 Partners, to grow its portfolio and help it gain market share in the lease-to-own market.
Encina Lender Finance provided an inaugural senior credit facility to Doc2Doc Lending, a consumer lending platform focused on doctors. The facility will be used to further scale Doc2Doc’s origination of new loan volume.
Encina Lender Finance provided a $25 million senior credit facility to an affiliate of LAGO Innovation Fund I, a provider of venture debt financing to a range of companies participating in the “innovation economy.”
Encina Lender Finance and Sterling National Bank provided a senior credit facility to iBorrow, a national private commercial real estate lender. Oaktree Capital Management also made a direct investment in the company.
Encina Capital Partners launched Encina Lender Finance, a new independent lender finance platform targeting commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham and John Thomas will lead the new platform.