Hovde Group Specialty Finance Transaction: 36th Street Capital Closes Class B Term Loan with Monroe Capital
Hovde Group Specialty Finance is pleased to announce that their client, 36th Street Capital, LLC (“36SC”), has closed a $60 million Class B Term Loan investment with Monroe Capital, LLC (“Monroe”).
This transaction marks the sixth closed transaction of 2026 for Hovde’s Specialty Finance Group.
Highlights of the deal include:
• Founded in 2015 and headquartered in Morristown, NJ, 36SC is a specialty finance company providing lease and loan solutions for essential use equipment to mid-to-large sized businesses in various industries across the United States
• Headquartered in Chicago, IL, Monroe is an asset management firm specializing in private credit markets across various strategies including direct lending, technology finance, venture debt, alternative credit solutions, structured credit, real estate, and equity solutions across the United States and Canada
• The new financing will support 36SC’s continued origination growth and platform expansion
Hovde served as exclusive financial advisor to 36SC.
Please contact Tim Stute or Chris Hemler for more information.
Tim Stute
Managing Director, Head of Specialty Finance Group
(703) 214-8520
Chris Hemler
Managing Director
(703) 214-8524