Sallyport Commercial Finance Provides $3MM to New Venture

Sallyport Commercial Finance provided a $3 million senior facility to help a new finance company venture.

The new company had grown faster than expected and needed assistance with funding new property lending opportunities. The financing from Sallyport will fund the purchase of new properties.

“When we were approached by a trusted and existing client with a new lender finance venture, two of probably the most creative lenders in our space got together and tailored a solution that made it work for both of us,” Emma Hart, COO and executive vice president of operations for Sallyport Commercial Finance, said. “Sallyport is very happy to provide support and finance this new venture.”