Haversine Funding Provides $52.6MM in Recent Financing

Haversine Funding closed the following transactions:

• $6 million real estate loan participation to refinance the acquisition of an assisted living facility in the Northeast U.S.

• $20 million senior, lender finance line of credit to a factor and asset-based lender in the Southwest including a supplemental “gap” funding line with advances up to 95% of eligible accounts and loans.

• $3 million factoring participation to a seafood distributor on the West Coast.

• $1.6 million factoring participation to a healthcare services company in the Northeast.

• $14 million senior, lender finance line of credit to an equipment finance company in the Southeast.

• $6 million, lead line referral for a factoring facility to a staffing company in the Northeast.

• $1 million, lead line referral for a senior, lender finance line of credit with a Haversine partner.

• $1 million, lead line referral for a factoring facility to a technology company located in the Southwest.