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.
Doc2Doc, a lending tech company focused on the medical space, closed a $25 million warehouse facility to help further growth, provided by Encina Lender Finance.
Encina Lender Finance expanded its executive leadership team to bolster the company’s position as a nonbank lender finance platform serving both commercial and consumer specialty finance companies in the U.S. and Canada. Luke Graham, CEO, has left the company.
Stride Funding, in partnership with Encina Lender Finance and other credit funds, will aim to increase financial support for students pursuing high-impact boot camp and certificate programs across the United States through a $105 million senior credit facility.
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.
Encina Lender Finance and Georgia Banking Company provided a $40 million senior credit facility to Microf, which used the credit facility to refinance existing credit facilities and to expand debt capacity to fund growth.
Encina Lender Finance provided a $50 million senior credit facility with an accordion feature for an incremental $50 million in potential capacity to Crossroads Financial, a provider of inventory-only revolving credit facilities focused on the below $10 million range.
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.