Siena Funds $135MM in New Facilities During Q4/20

Siena Lending Group and Siena Healthcare Finance closed 10 facilities aggregating $135 million in Q4/20, with 25 transactions totaling more than $285 million completed in 2020 overall.

Siena Lending Group completed six deals aggregating $114 million in the automotive, footwear, oil and gas, printing and railroad industries. Facilities were provided to companies located in California, Illinois, Massachusetts, Texas and Wisconsin.

“In a remarkable year on many levels, I am proud of what our team accomplished. Siena Lending Group and Siena Healthcare Finance closed more than two dozen deals for clients across the U.S., in sectors from auto and transportation to consumer products, oil and gas, and printing. We partnered with various sponsors and even completed two acquisition financing deals. Most importantly, we were honored to end 2020 by donating to local food banks on behalf of our clients and employees, providing 165,000 meals to those in need,” Dave Grende, president and CEO of Siena Lending Group, said.

Siena Healthcare Finance completed four deals totaling $21 million for physician staffing and skilled nursing facilities. The deals took place in California, Georgia and Ohio.

“2020 was a challenging year filled with uncertainty, and both professional and personal challenges. Despite the pandemic, Siena Healthcare Finance continued to successfully execute on our vision to be a trusted capital provider and resource to our clients throughout the year. As we now focus on a brighter 2021, we will expand our client base, applying those same principles of trust and partnership. We look forward to serving you,” Jennifer Sheasgreen, president of Siena Healthcare Finance, said.