Northpoint Commercial Finance provided a $9.5 million senior secured revolving line of credit to support the acquisition of a food processor and distributor by a lower middle-market focused private equity firm.
Robert J. Parks joined Northpoint Commercial Finance’s asset-based lending team as a business development officer. Based in Southern California, he will be responsible for new business origination throughout North America.
Northpoint Commercial Finance provided a $15 million senior secured revolving line of credit to Conecuh Brands, which will use the proceeds to refinance existing indebtedness and support domestic and international growth.
Northpoint Commercial Finance added David Zimmerman as a business development officer for its asset-based lending division. Zimmerman has 20 years of experience in both bank and non-bank lending and previously served at eCapital Commercial Finance.
Northpoint Commercial Finance, a North American diversified financial services company, added asset-based lending as a financial solution for U.S.-based middle-market companies.
Freedom Boat Club selected Northpoint Commercial Finance as it provider for a new, specially designed install and pay finance program for its franchise network.