Haversine Provides $11 Million in Participation Funding – Highlighting One of Their Lender Finance Products Offered
Haversine Funding, a leader in providing comprehensive financial solutions to the specialty finance market - from participation funding to lender finance senior and junior lines of credit - is pleased to announce a series of successful participations. These transactions reflect some of the recent loan and factoring participations where Haversine was able to help a commercial lender relieve concentrations, diversify their portfolio and finance niche industries.
$2.5 million participation in a senior line of credit, lender finance loan for a transportation factoring firm.
$1.5 million factoring participation to support a seafood distribution company.
$1.5 million asset based lending loan participation directed towards a staffing firm, enhancing its capability to fulfill growing customer demand.
$1.5 million asset based lending loan participation that reinforces a healthcare IT staffing and consulting firm, fostering its expansion and continued innovation.
$4.0 million factoring transaction to a growing construction firm who received new, larger jobs for the coming year.
These participations are illustrative of the tailored and responsive lender finance products that Haversine provides factors and lenders across the United States. Haversine’s participation funding, alongside their senior and junior lines of credit, has played a pivotal role in addressing the capital requirements of lenders plagued with concentration risks and market volatility.
About Haversine Funding
Headquartered in Dallas, Texas, Haversine Management and its subsidiaries are dedicated to delivering fast, flexible, and fair funding solutions to commercial lenders. Since its inception in 2018, Haversine has become a significant ally to factors and asset-based lenders requiring specialty finance funding options. Haversine fills funding gaps by offering senior and junior lender finance lines of credit up to $25 million, as well as participation funding programs. Its 2022 launch of Lead Line, a lead generation and referral platform, and the 2023 release of the ‘OnDeck with Haversine’ podcast further exemplify its innovative approach to servicing the industry’s diverse needs. Whether a specialty finance company looking for capital, a private equity sponsor or private company looking to be connected to the ideal lender, or an investor seeking attractive and uncorrelated risk-adjusted returns, please visit www.haversinefunding.com to learn more.