Haversine Funding Closes $45MM Credit Facility with First Horizon Bank

Haversine Funding II, one of the lender finance portfolios held by Haversine Management, closed a $45 million line of credit with First Horizon Bank. The new credit facility marks a new chapter in Haversine’s history as it moves forward with plans for continued growth, layering a bank line on top of an expanded investor base of foundational families including the continued, dedicated support of Halstatt, a family office headquartered in Naples, FL.

“The addition of this line of credit provides us with more flexibility and scalability for our continued growth,” Jeff Whaley, CFO at Haversine Management, said.  “From the outset, First Horizon has been a tremendous banking partner with professionals who have taken the time to understand our business.  We are excited by the future possibilities for this and other ventures we hold in this new relationship with them.”

“In business, who you choose as partners makes all the difference, and we are grateful to be working with First Horizon. Their team has been efficient, knowledgeable, and diligent throughout the entire process,” Stan Vukmer, founder and CEO of Haversine, said. “For Haversine, this line of credit comes at the perfect juncture with prevailing currents within the industry, while allowing us to continue our expansion, further fortify our platform, and explore new funding options for the lenders with which we work. Recent economic and market events are creating vast opportunities across specialty lending, and we are now better positioned to provide our lending clients the resources they need to succeed.”