Revere Capital Adds Two Executives
Dallas-based Revere Capital recently added Timothy Lister, vice president of specialty finance, and Tiffany Rippa Culwell, vice president of asset management.
Dallas-based Revere Capital recently added Timothy Lister, vice president of specialty finance, and Tiffany Rippa Culwell, vice president of asset management.
In the current market, where sentiment can change on a dime due to everything from supply chain constraints to geopolitical upheaval, it’s essential to expect the unexpected, but that doesn’t mean we can actually see the twists coming.
BTIG welcomed Kimberly Boulmetis to the firm’s specialty finance investment banking unit as managing director. Boulmetis will be based in the New York office and will report to Dan Blood, managing director and head of specialty finance at BTIG.
FLOCK Specialty Finance has closed on a new senior debt facility with MidCap Financial Services, an Atlanta-based, alternative funding provider of capital and expertise for the purchase of both charged-off debt portfolios and for the financing of subprime consumer obligations.
The health care services industry is booming with new facilities and innovative drugs developed to serve an aging population. Lenders may see opportunities for profit, but Glenn Prives points out pitfalls in this highly-regulated sector which could have the unprepared lender facing fines or criminal charges. Due diligence is key.
The simplicity and speed required to put together a unitranche facility has made it a popular option for borrowers and lenders. However, the façade of the split-lien solution is beginning to crack as first and second lien lenders find themselves in a tug of war over intangibles. Charlie Perer explores the ways lien fighting is imploding a once beautiful friendship.
Sometimes suppliers agree to place inventory with manufacturers on a consignment basis. Attorney Anthony Cianciotti points out the pitfalls lurking in such arrangements and provides legal avenues to protect suppliers from loss.
Frost Bank said it named Harry J. Kaplun president of Specialty Finance. Kaplun, who has served as president of Frost Equipment Leasing and Finance since 2001, will now oversee both Frost Bank’s asset-based lending and equipment leasing and finance divisions.