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.
AloStar Business Credit named Luke Graham managing director of its new Lender Finance Division. Previously, Graham held senior-level positions at Wells Fargo Capital Finance and GE Commercial Finance.