Yieldstreet Closes $400MM Credit Facility From Monroe Capital
Yieldstreet, a direct-to-consumer online platform for investing in private markets, closed a warehouse facility that provides access to up to $400 million from Monroe Capital.
Yieldstreet, a direct-to-consumer online platform for investing in private markets, closed a warehouse facility that provides access to up to $400 million from Monroe Capital.
Monroe Capital committed approximately $250 million to the investment platform of Second Avenue Group, a full-service, institutional quality single-family rental platform, through a mix of debt and equity capital.
Monroe Capital, Oak Hill Advisors and Barclays Bank, acting as administrative agent, closed a $325 million credit facility to support Vertical Bridge REIT’s merger with Eco-Site and the combined company’s future development of build-to-suit locations in the United States.
Monroe Capital’s opportunistic private credit group closed on a $50.75 million mortgage loan to Tricera Capital for the construction and redevelopment of The Press, a mixed-use project in West Palm Beach, FL.
Monroe Capital elected four senior executives to partner and promoted 19 staff members.
Monroe Capital launched a new business vertical, Specialty Finance Lending. Aaron Peck, Lee Stern and Kyle Asher will lead the origination efforts.