2026 Austin Financial Services - Asset-Based Lending | Lender Scouting report and Stats

Apex Conference – Vipers Division

Explore the benefits of Austin Financial Services for your commercial real estate financing needs

Website: https://austinfinancial.com/business-financing/
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🏀 2026 SEASON (CURRENT)

Lender Name	Total Points	Deals Logged	Volume Drafted	Primary Asest Focus	Most Common Loan Term	Primary Loan Type	Top States	Pace Score	Wins	Losses
Bank OZK	98	5	$853,100,000	Condo (3), Multifamily, Industrial	Construction loan (5)	Construction (5)	Florida (2), Pennsylvania, New York, California	0.33	2	TBD
European Investment Bank	85	4	$925,520,000	Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm	15 years (1)	Construction (2)	Italy, Netherlands, Estonia, Spain	0.27	TBD	TBD
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE	265	13	$3,930,177,778	Solar (4), Geothermal (2), BESS/Storage (2)	Construction-to-term / Non-recourse senior secured	Construction (8)	Louisiana (3), Utah (2), Chile, Japan, Spain, India	0.87	1	TBD
Wells Fargo - Commercial RE	571	24	$6,392,550,000	Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail	5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)	Refinance (12), Acquisition (4), Construction (4), Bridge (2), Credit Facility, CMBS Refinance	New York (12), Texas (2), California (2), Virginia (2), Florida (2), Illinois (2)	1.5	1	1
Bank of Montreal (BMO) - Commercial RE	171	9	$1,329,000,000	Industrial (5), Multifamily (2), Data Centers, Retail	2-year floating-rate (2); construction loan (1), fund-level revolving (1)	Acquisition (4), Refinance (3), Construction, Credit Facility	Georgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas	0.56	1	TBD
Deutsche Bank - Commercial RE	244	12	$2,726,870,000	Office (7), Multifamily (2), Energy/LNG, Hotel, Life Sciences	5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)	Refinance (8), Construction (2), CMBS Refinance	New York (5), California (2), Ireland, Washington, Delaware, Louisiana	0.75	1	TBD
First Citizens Bank - CRE	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
JP Morgan - Commercial RE	445	22	$7,051,238,096	Office (6), Industrial (3), Multifamily (2), Mixed-Use (2)	5-year, fixed-rate (3)	Refinance (5), CMBS for Refinance (5), Construction (4), Acquisition (4), Bridge for Refinance, Senior Loan + Mezzanine, Revolving Credit Facility	New York (6), Texas (2), California (2), Florida (2), Pennsylvania (2), Louisiana	1.31	3	TBD
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE	147	4	$1,004,790,000	Energy Infrastructure (3: geothermal, HVDC, BESS), Data Centers, Multifamily, Renewable Energy	Green loan (1), construction-to-term (1), floating-rate (1)	Construction (5), Refinance	Japan, Canada, India, Portugal, New York, Utah	0.38	1	1
BNP Paribas	68	4	$521,481,762	Industrial, Agrivoltaic/BESS, Solar PV/BESS, Retail/Mall	2-year floating-rate (2)	CMBS for Refinance (2), Commercial Real Estate (2)	Italy, Chile, Florida, California, Georgia, Texas	0.25	TBD	TBD
Citigroup - Commercial RE	209	11	$2,190,404,762	Industrial (3, incl. Data Centers), Office (3), Multifamily (2), Retail (2)	5-year (3)	CMBS for Refinance (5), Refinance (3), Acquisition (2)	Florida (4), New York (3), Georgia (3), Texas (2), Virginia, Arizona	0.69	1	TBD
Morgan Stanley - Commercial RE	204	10	$3,832,443,333	Retail (3), Office (2), Industrial/Data Center (2)	2-year floating-rate with extension options (3)	Refinance (5), CMBS for Refinance (2), CMBS for Acquisition	New York (3), Virginia (2), Texas (2), Multiple States, Ireland	0.63	3	TBD
Santander Bank - Commercial RE	146	6	$1,168,871,633	Solar/BESS/Energy Storage (7), Multifamily (2)	Construction (4)	Refi (1), Construction (8)	Chile, Portugal, Peru, United Kingdom, California, Texas	0.56	1	1
Truist Bank - Commercial RE	64	4	$283,000,000	Multifamily (4)	N/A	Permanent loan, Construction (2), Refi	New Jersey, New York (2), D.C.	0.5	1	1
Bank of America - Commercial RE	307	14	$2,971,404,762	Office (5), Industrial (3), Energy/Geothermal (3), Retail (2)	2-year floating-rate (3)	Construction (4), Refinance (3), CMBS for Refinance (3), Acquisition (2)	New York (4), Florida (2), Virginia (2), Texas (2), California (2), Utah (2)	0.88	3	TBD
Goldman Sachs - Commercial RE	347	17	$3,862,750,000	Office (6), Mixed-Use (2), Hotel (2), Industrial (2), Retail (2)	5-year, fixed-rate (4)	CMBS for Refinance (6), Refinance (5), Construction (2), Revolving Credit Facility	California (3), New York (3), Virginia (3), Florida (2), Texas, Louisiana	1.06	2	1
ING Groep NV - Commercial RE	168	9	$1,597,212,833	Energy/Solar (6), Energy Storage (2), Office (1)	Non-recourse senior secured credit facilities (2); Construction-to-term (2)	Construction (7), Construction and Term (1), Refinance (1)	Louisiana (2), Pennsylvania, California, Texas, Italy, Romania	0.56	1	TBD
KeyBank	79	5	$768,200,000	Energy/Solar (3), Energy Storage (1), Senior Living (1)	7-year fixed (1 — Brookdale); Construction-to-term (1 — rPlus)	Construction (3), Refinance (2)	Idaho (2), Colorado	0.31	TBD	TBD
Natixis - Commercial RE	107	5	$1,693,166,667	Energy/Solar (2), Energy Storage (2), Energy/LNG, Retail	Construction-to-term / senior secured facilities (2)	Construction (4), Refinance	Texas, California, New York, Louisiana, Peru	0.31	TBD	TBD
Barclays - Commercial RE	175	11	$1,919,601,429	Industrial/Data Center (2), Office (2), Energy (2), Mixed-Use/Retail (2), Multifamily (2)	5-year (3)	Refinance (4), Acquisition (3), Construction (2)	Virginia (2), Louisiana, Utah, Pennsylvania, Maryland, United Kingdom	0.69	1
ACORE Capital	19	1	$160,000,000	Industrial	2-year floating-rate; 3×1-year extensions	Bridge	Texas, Maryland, Georgia, Pennsylvania, Illinois, Arizona	0.07	TBD	TBD
Affinius Capital	84	8	$921,628,000	Multifamily (6), Office, Student Housing	Floating-rate	Refinance (5), Acquisition (2), Construction	New York (3), Pennsylvania (2), California, Florida, United Kingdom	0.53	1	TBD
Barings	67	3	$861,400,000	Mixed-Use (Hotel to Residential Conversion), Mixed-Use (Retail + Condominium), Industrial	N/A	Construction (2), Refinance	New York, California, Tennessee	0.75	TBD	1
Brookfield	37	2	$739,000,000	Multifamily (2)	Three-year bridge (only stated term)	Refinance, Bridge	New York (2)	0.13	TBD	TBD
S3 Capital	24	2	$78,750,000	Mixed-Use Residential, Multifamily	TBD	Construction (2)	New Jersey, South Carolina	0.13	TBD	TBD
Berkadia	27	2	$110,942,000	Multifamily (2)	Freddie Mac	Acquisition (2)	Virginia, Wisconsin	0.5	TBD	TBD
Dwight Capital/Dwight Mortgage Trust	121	8	$497,500,000	Multifamily (6), Mixed-Use, Condo	HUD 221(d)(4) (2), HUD 223(f) (2)	Refinance (4), Construction (3), Bridge	New York (2), New Jersey (2), Texas, Florida, Utah, California	0.53	2	TBD
Greystone	92	6	$482,374,222	Multifamily (6)	24-month bridge with extension options (2)	Bridge for Refinance (2), Refinance (2), Acquisition, Construction/Rehabilitation	Illinois (2), North Carolina (2), New York, Mississippi	0.38	4	TBD
Madison Realty Capital	49	6	$703,550,000	Condominium (3), Hotel/Mixed-Use, Multifamily, Self-Storage	Construction completion 2027-2028 (2)	Construction (3), Condominium Inventory Loan, Bridge for Refinance, Acquisition	New Jersey (2), New York, Florida, Tennessee, Multiple States	0.38	1	TBD
Nuveen	99	7	$1,144,600,000	Multifamily (5), Office/Lab, Hotel	C-PACE (Full stack capitalization), 5-year floating-rate loan	C-PACE for construction (4), C-PACE for refinance, Acquisition (permanent financing)	Texas (2), Florida, Arizona, Pennsylvania, Philadelphia, D.C. (2)	1.16	1	1
Blackstone - Commercial RE	58	2	$10,223,000,000	Industrial, Data Center	Bridge Loan	Acquisition, Construction	Gerogia, Florida, New Jersey, Texas, Pennsylvania, Australia	0.33	TBD	TBD
Corebridge	12	1	$46,000,000	Multifamily (Mixed-Use)	5-year; nonrecourse; interest rate in low 5% range	Refinance	New York	0.125	TBD	TBD
MonticelloAM	69	5	$312,800,000	Healthcare (Skilled Nursing) (5)	Bridge loan (3), 36-month (2) + 2x 6-month ext	Refinance (2), Acquisition (3)	Florida, Illinois (2), South Carolina, Pennsylvania	0.625	3	TBD
Peachtree Group	54	4	$181,400,000	Hotel (2), Multifamily, Film Studio	C-PACE, 3-year bridge loan, 3-year floating-rate	C-PACE for construction, Construction (2), C-PACE for Refi	North Carolina (2), Ohio, Georgia	0.57	1	TBD
Tyko Capital	29	1	$410,000,000	Condominium	TBD	Construction	Florida	0.25	TBD	TBD
Apollo Global Management	147	6	$2,476,480,000	Industrial, Office, Multifamily (Conversion), logistics, industrial , Hotel	Senior secured financing across three separate loan facilities, Floating-rate debt, 36-month SOFR floating; Mezzanine fixed	Bridge for refinance, Construction (3), Refinance, Acquisition	New York (3), North Carolina, UK, Germany, Netherlands, Spain, Ireland, Poland	0.75	2	1
Ares Real Estate Management	52	2	$1,550,000,000	Casino/Entertainment, Multifamily	TBD	Construction, Refinance	New York (2), Illinois	0.33	TBD	TBD
New York Life	12	1	$35,700,000	Retail	5-year term with interest-only payments for full term	Bridge for refinance, Construction (2), Refinance	California	0.25	TBD	TBD
PGIM Real Estate	64	3	$549,435,000	Industrial, Mixed-Use, Retail (grocery)	Fixed and floating rate components	Acquisition, Refi (2)	Florida, California, Texas, Massachusetts, Germany	0.375	2	1
Starwood Property Trust	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Deutsche Bank - Growth Cap	41	2	$3,015,000,000	TBD	Revolving credit facility	Acquisition, Working Capital	Spain, Switzerland	0.5	TBD	1
HSBC	67	3	$2,003,000,000	TBD	MIGA-guaranteed; Climate-linked conditions, 95% covered buyer credit guarantee, Put option arrangement with exit path in three years with certain returns	Growth Capital	Chile, France, Sweden	0.6	TBD	TBD
JP Morgan - Growth Cap	175	11	$6,068,250,000	TBD	4-year loan with 2 6-month extension, SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension & SOFR plus 85 bps), 2 years with three 1-year extension options, Revolving facility due February 2030 with two six-month extension options, 7-year Term Loan, 5-year revolving credit facility	Revolving Credit Facility (2), Senior Secured Revolver (3), Acquisition Credit Facility, Unsecured Term Loan (2)	New York (2), Texas (2), New Jersey, Illinois (2), California (2), Canada	1.375	2	1
Natixis - Growth Cap	15	1	$1,500,000,000	TBD	Three-year construction warehouse revolving credit facility with $500M accordion	Construction Warehouse Revolving Credit Facility	Texas	0.2	TBD	TBD
PNC Bank	102	7	$4,250,000,000	TBD	4-year loan with 2 6-month extension-SOFR plus 77.5 bps & 15 bps facility fee, Term loan (3 year loan with 1-yr extension-SOFR plus 85 bps), 5 years-matures 1/15/2031-SOFR + 1.15% to 1.65% depending on leverage, Three-year construction warehouse revolving credit facility with $500M accordion	Revolving Credit Facility, Five-Year Unsecured Term Loan, Unsecured Term Loan (5), Construction Warehouse Revolving Credit Facility	New York, Washington, Illinois (2), Texas, Florida, California	1.4	1	TBD
Bank of America - Growth Cap	49	3	$4,938,250,000	TBD	4-year loan, 4-year loan with an option for two 6-month extensions or one 12-month extension, SOFR plus 77.5 bps, 15 bps facility fee, Term Loan: Initial maturity January 31, 2029 with two 1-year extensions, SOFR plus 85 bps, Three-year construction warehouse revolving credit facility with $500M accordion	Revolving Credit Facility; Unsecured Term Loan, Construction Warehouse Revolving Credit Facility	Canada, New York, Texas	0.6	TBD	TBD
Barclays - Growth Cap	57	3	$3,550,000,000	TBD	N/A	Senior Secured Green Revolving Loan and Letter of Credit Facility, Senior Secured Corporate Credit Facility	Pennsylvania, Texas, Spain	0.75	TBD	TBD
Goldman Sachs - Growth Cap	82	4	$2,950,000,000	TBD	6% interest rate with AMD guarantee	Acquisition, Senior Secured Credit Facility, Loan with Equipment Guarantee	Spain, Nebraska, Connecticut, California	0.5	TBD	TBD
Santander Bank - Growth Cap	79	4	$5,150,000,000	TBD	MIGA-guaranteed; Climate-linked conditions, Long-term optimisation agreement with guaranteed minimum income level providing downside protection, Three-year construction warehouse revolving credit facility with $500M accordion	Senior Secured Corporate Credit Facility, Acquisition, Construction Warehouse Revolving Credit Facility	Pennsylvania, Chile, Spain, Texas	0.8	1	TBD
Sumitomo Mitsui Banking Corporation (SMBC) - GC	79	4	$1,712,400,000	TBD	Senior Secured Green Revolving Loan and Letter of Credit Facility, 3-year availability period; 5-year tenor; partial guarantee from EIFO, Put option arrangement with exit path in three years with certain returns, 5-year Revolving Credit Facility	Senior Secured Green Revolving Loan (2) and Letter of Credit Facility, Senior Secured Corporate Credit Facility	Texas, Denmark, Sweden, Louisiana	0.5	1	1
Citigroup - Growth Cap	95	5	$7,191,250,000	TBD	5-year loan, 4-year loan (secured to unsecured), 95% covered buyer credit guarantee, 5-year Interest at base rate, Term SOFR, EURIBOR	Acquisition (2), Growth Capital (2), Senior Secured Revolving Credit Facility	Canada, Spain, Florida, France, Texas	0.71	1	TBD
Huntington Bank - Growth Cap	69	5	$1,220,000,000	TBD	5 years, matures 1/15/2031; SOFR + 1.15% to 1.65% depending on leverage, Revolving facility with two six-month extension options (2)	Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition Facility, Unsecured Credit Facility (Revolver + Term Loans) (2), Revolving Credit Facility (2)	Washington, Illinois, California, Florida, Colorado	0.833	1	TBD
Morgan Stanley - Growth Cap	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap	12	1	$150,000,000	TBD	5-year loan	Debt Financing	Florida	0.2	TBD	TBD
Truist Bank - Growth Cap	34	2	$1,050,000,000	TBD	2 years with three 1-year extension options, 4 years revolving credit facility with two six-month extension options (Pricing grid based on leverage ratio plus SOFR, 10-15 bps lower than prior debt)	Acquisition Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)	New Jersey, Florida	0.4	TBD	TBD
Bank of Montreal (BMO) - Growth Cap	31	2	$2,618,250,000	TBD	Term loan under Softwood Lumber Program	Growth Capital (2)	Canada (2)	0.4	TBD	TBD
Canadian Imperial Bank of Commerce (CIBC)	49	3	$4,165,425,000	TBD	4-year loan (secured to unsecured), Three-year construction warehouse revolving credit facility with $500M accordion, Initial 3-year term with consecutive 1-year extension (prime rate + .75%)	Acquisition, Construction Warehouse Revolving Credit Facility, Growth Capital	Canada (2), Texas	0.42	1	1
ING Groep NV - Growth Cap	68	4	$3,403,000,000	TBD	Three-year construction warehouse revolving credit facility with $500M accordion, 95% covered buyer credit guarantee	Senior Secured Corporate Credit Facility, Senior Secured Green Revolving Loan and Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Growth Capital	Pennsylvania, Texas (2), France	0.8	1	TBD
Royal Bank of Canada	80	5	$5,093,250,000	TBD	4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, 2-year loan with potential 90-month extension	Acquisition, Refinance & Growth Capital, Construction Warehouse Revolving Credit Facility, Senior Secured Credit Facilities	Illinois, Canada (2), Texas, New York, Louisiana	0.625	2	TBD
Wells Fargo - Growth Cap	113	7	$6,313,250,000	TBD	4-year loan (secured to unsecured), 3-year loan with two one-year extension options; SOFR plus 85 bps; interest-only payments, with one-year extension option; SOFR plus 85 bps; interest-only payments, Three-year construction warehouse revolving credit facility with $500M accordion, Revolving facility with two six-month extension options	Acquisition, Refinance (2), Growth Capital (2), Construction Warehouse Revolving Credit Facility, Unsecured Credit Facility (Revolver + Term Loans)	Illinois (2), Canada, New York, Texas, California	1.4	1	TBD
Blue Owl Capital	24	1	$1,400,000,000	TBD	TBD	Delayed-Draw Term Loan	Germany	0.16	TBD	TBD
Comvest Partners	19	1	$130,000,000	TBD	TBD	Senior Secured Credit Facility	California	0.125	TBD	TBD
MidCap Financial	16	2	0	TBD	Revolver with accordion feature; term loan; delayed draw term loan	Senior Secured Credit Facility (Revolver), Senior Secured Credit Facility (Revolver + Term Loan + DDTL)	Colorado, California	0.4	1	TBD
Mountain Ridge Capital	8	1	$15,000,000	TBD	Revolving facility maximizing availability against working capital assets	Senior Secured Credit Facility	Midwest	0.25	TBD	TBD
SLR Credit Solutions	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Blackstone - Growth Cap	29	1	$600,000,000	TBD	TBD	Growth Capital	India	0.14	TBD	TBD
Hercules Capital	12	1	$25,000,000	TBD	4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretion	Growth Capital	California	0.25	TBD	TBD
Monroe Capital	74	7	$100,000,000	TBD	Prime plus 3.75% (currently 10.50%); 60-month term with amortization at month 36 (or month 48 if milestones met)	Senior Secured Term Loan (6), Debt Financing + Equity Co-Investment	Delaware, New York, Michigan, Illinois, Florida (2), Iowa	0.875	4	TBD
SG Credit Partners	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Stellus Capital Management	16	2	Undisclosed	TBD	TBD	Senior Debt Financing and Equity Co-Investment (2)	Viriginia, Tennessee	0.4	1	TBD
HPS Investment Partners	29	1	$500,000,000	TBD	Four-year secured term loan, SOFR + 675 basis points	Secured Term Loan	New York	0.2	1	TBD
NXT Capital	24	2	Undisclosed	TBD	TBD	Senior Credit Facility	Pennsylvania (2)	0.25	TBD	TBD
Siena Lending Group - GC	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Trinity Capital	27	2	$83,915,000	TBD	Commitment structure	TBD	United Kingdom	0.25	TBD	TBD
Wingspire Capital	36	3	$120,000,000	TBD	N/A	Senior Secured Revolving Credit Facility	Florida	0.66	1	1
Ares Management - Growth Cap	67	2	$4,000,000,000	TBD	TBD	M&A, Debt Facility	New Jersey, Colorado	0.33	1	TBD
Encina Private Credit	15	1	$75,000,000	Consumer lease-to-own contracts	Senior credit facility secured by diversified pool of small balance lease-to-own contracts	Senior Credit Facility	TBD	0.25	TBD	TBD
Great Rock Capital - GC	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
KKR	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Whitehawk Capital Partners	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Advantage Business Capital	8	1	$1,000,000	Invoices	TBD	Invoice Factoring Facility	TBD	0.16	TBD	TBD
First Citizens Bank - ABL	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Gibraltar Business Capital	8	1	0	TBD	TBD	Senior Secured Facility	TBD	0.25	TBD	TBD
nFusion Capital	24	3	$13,000,000	Accounts receivable and inventory, Inventory	TBD	Asset-Based Lending Facility (2), Factoring Line	Colorado, California, Arizona	0.42	3	TBD
Culain Capital	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
First Business Bank	32	4	$12,200,000	Vehicle inventory, Accounts Receivable	Factoring facility	Credit Facility, Inventory Floorplan, Factoring Facility (2)	Hawaii, Pennsylvania, Virginia	0.57	1	TBD
Great Rock Capital - ABL	49	3	$340,000,000	Accounts receivable and best-in-class machinery and equipment (2)	TBD	Senior Secured Revolver (3)	Pennsylvania	0.5	TBD	TBD
Rosenthal Capital Group	16	2	$4,000,000	Accounts receivable (2)	TBD	Recourse Factoring Facility (2)	California, Michigan	0.25	TBD	TBD
Ares Commercial Finance	12	1	$175,000,000	Accounts receivable; Machinery & equipment	TBD	Senior Secured Revolving Credit Facility	TBD	0.16	TBD	TBD
Sallyport Commercial Finance	8	1	$2,000,000	Accounts receivable	TBD	Accounts Receivable Facility	Canada	0.5	TBD	TBD
SLR Healthcare ABL	8	1	$7,000,000	TBD	TBD	Asset-Based Revolving Line of Credit	Northeast	0	TBD	TBD
Utica Equipment Finance	8	1	$11,000,000	Heavy equipment (trucks, trailers, dozers, excavators, graders, loaders, turf-farm machinery)	TBD	Capital Lease	Mid-Atlantic	0.25	TBD	TBD
Amerisource Business Capital	16	2	$9,000,000	Accounts receivable (2), commercial real estate	A/R Only Facility, Asset-Based Lending Facility	Asset-Based Lending Facility, A/R Only Facility	Midwest US, Texas	0.5	TBD	TBD
King Trade Capital	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
MidCap Business Credit	24	3	$31,000,000	Accounts receivable (2), inventory (2), machinery and equipment, Distributor of specialty chemicals and materials	Working capital revolver and machinery/equipment term loan	Working Capital Revolver (2), Machinery and Equipment Term Loan, Asset-Based Credit Facility	TBD	0.75	TBD	TBD
White Oak Commercial Finance	15	1	$35,000,000	Various assets across UK and U.S. platforms (multi-currency facility)	$20M uncommitted accordion feature; structured in USD, GBP, EUR	ABL Revolver Facility	Texas	0.125	TBD	TBD
Loeb Equipment	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Prestige Capital	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
JPalmer Collective	32	4	$15,000,000	Inventory (2)	Line of credit with flexible structure	Line of Credit (2), Debt Facility, Working Capital Facility (Asset-Based)	California, Oregon, New York, Georgia	0.8	1	TBD
Austin Financial Services	8	1	$10,000,000	TBD	TBD	TBD	TBD	0.2	0	1
eCapital	40	5	$31,500,000	Accounts receivable (2), Freight receivables (2)	ABL facility with advances against accounts receivable and inventory	A/R Financing Facility (3), Freight Factoring Facility (2)	Canada, Massachusetts	1	1	TBD
Porter Capital	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Siena Lending Group - ABL	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Gateway Trade Funding	15	2	$500,000	Purchase orders (letter of credit-backed), Inventory	Letter of credit-backed	Purchase Order Facility (2)	TBD	0.33	TBD	TBD
Republic Business Credit	47	6	$23,000,000	Accounts receivable (3)	Ledgered line of credit, Includes $10 million accordion feature, Accordion up to $6M with $2M inventory lending option after 6 months upon meeting performance thresholds	Ledgered Line of Credit, Factoring Facility (3), Asset-Based Loan (2)	Northeast US, Southwest US, Midwest US, California, West Coast	0.75	2	TBD
SLR Business Credit	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
TAB Bank	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Alpine Ridge Funding	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Celtic Capital	23	3	$4,320,700	Accounts receivable (3)	AR Line (2), Equipment Loan (2)	Accounts Receivable Line of Credit (2), Equipment Loan	Pacific, South-Central US, California	0.375	TBD	TBD
Clarus Capital	8	1	$10,000,000	Essential use assets (medical transportation vehicles)	Loan facility for sponsor-backed company	Loan Facility	TBD	0.25	TBD	TBD
Gordon Brothers	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Assembled Brands	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
MidCap Financial - ABL	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
Southstar Capital	75	10	$14,500,000	Invoices (4), Accounts receivable (5)	Accounts receivable (3), Flexible structure; potential payment assurance arrangements	Accounts Receivable Facility (7), Invoice Factoring Facility (3)	SouthEast US (2), Midwest, Indiana	1.25	3	TBD
Wintrust Equipment Finance	0	0	0	TBD	TBD	TBD	TBD	0	TBD	TBD
The Hedaya Capital Group	24	3	$11,000,000	Accounts receivable (2)	Factoring facility	Factoring Facility (3)	Texas, New Jersey, New York	0.42	1	TBD
Sigma Funding	15	2	$2,600,000	Accounts receivable (2)	TBD	Accounts Receivable Funding Facility (2)	California, Florida	0.28	TBD	TBD
Capteris	12	1	$25,000,000	New and existing assets acquired over past year	TBD	Lease Facility	TBD	0.5	TBD	TBD
Baker Garrington	38	5	$5,750,000	Accounts receivable (4)	Factoring facility	Factoring Facility (5)	Colorado, Oklahoma, Indiana, Louisiana, Texas	0.625	TBD	TBD

Tale of the Tape (YTD 2025)

Total Points: 33
Deals Logged: 11
Volume Drafted: $60.75 Million
Primary Asset Focus: Third-Party & Domestic Logistics | Industrial Manufacturing & Energy Services | Cybersecurity, E-commerce & Specialized Agriculture
Most Common Loan Term: No specific data
Primary Loan Type: Asset-Based Lending Facility (4) | Accounts Receivable Revolver (3) | Accounts Receivable and Inventory Revolver (3)
Top States: California (8)
Win-Loss-Draw: 0-5-7

SEE THEIR RANKING

Week	Opponent	Result	Score & Top Deal
12	Assembled Brands	Draw	0-0 (No Decisive Deal)
11	Siena Lending Group:	Loss	0-7 ($33.5M ABL Garland, TX)
10	Clarus Capital:	Draw	0-0 (No Decisive Deal)
9	Porter Capital	Draw	0-0 (No Decisive Deal)
8	Republic Business Credit: Asset-Based Lending	Loss	0-3 ($5M Factoring Loan)
7	eCapital: Asset-Based Lending	Loss	0-3 ($4M New Jersey)
6	Assembled Brands	Draw	0-0 (No Decisive Deal)
5	Siena Lending Group:	Draw	0-0 (No Decisive Deal)
4	Clarus Capital:	Draw	0-0 (No Decisive Deal)
3	Porter Capital	Draw	0-0 (No Decisive Deal)
2	Republic Business Credit	Loss	0-3 (l$1.5M Undisclosed)
1	eCapital	Loss	0-6 ($7.5M Undisclosed)

Lender Overview

Headquarters: Los Angeles, CA
Founded: 1981
Ownership: Privately Held
Primary Focus: Asset-Based Lending (ABL)
Typical Deal Size: $5.5 million (calculated average)

2025 Performance Summary

The discrepancy between their 0% win rate and decent deployment volume ($60M+) reveals a “relationship-first” operational model rather than a transactional one. Their activity was heavily front-loaded in Q1 and Q2, with a notable cooling period in the second half of the year, suggesting they likely hit portfolio allocation limits or shifted focus to servicing existing clients rather than chasing new competitive mandates.

Deal Flow Analysis

Analyzing the verified Austin Financial Services 2025 deal history reveals a lender with broad flexibility in deal size and structure.

Deal Size Range: The portfolio spans from $3,000,000 (Sheet Metal Manufacturer) to $12,000,000 (Third-Party Logistics). The “sweet spot” is consistently in the $4M–$6M range, which accounts for nearly 70% of their activity.
Geographic Focus: There is a massive concentration in California, specifically Los Angeles, which accounts for 60%+ of disclosed locations. “N/A” entries likely represent deals outside their core SoCal footprint, but their competitive edge is clearly local.
Industry Patterns: Logistics and 3PL providers are a dominant theme (3 deals), followed closely by specialized manufacturing (sheet metal, food, organic soil). They also show appetite for niche sectors like “Cybersecurity Advisory” and “Print-on-Demand.”
Loan Structures: The portfolio is dominated by Revolvers (AR-only or AR + Inventory). Full Asset-Based Lending Facilities (including equipment) appear frequently for manufacturing clients.
Deal Purposes: Refinancing is the primary driver (cited in 5 deals), often replacing banks or previous lenders. Working capital support and “acquisition” financing appear selectively.
Asset Types: Accounts Receivable (primary), Inventory (secondary), Equipment (tertiary).
Transaction Velocity: Activity was robust in H1 2025, with clusters of 2-3 deals closing per month from January through June. A significant hiatus occurred between July and December, broken only by a single $7M deal in early December.

Risk Appetite Signaling (Collateral vs. Cash Flow): Their consistent inclusion of Inventory in revolving structures (seen in ~50% of deals) signals a willingness to underwrite illiquid collateral that strictly AR-based lenders avoid. This positions them as a “Complete Working Capital” provider rather than just a receivables discounter.

Purpose Pattern Analysis (The Refinance Aggressor): Over 40% of their deals explicitly cite “refinancing existing lender/bank.” This reveals a counter-cyclical strategy: Austin Financial Services is not funding “blue sky” growth as much as they are capturing “graduating” or “displaced” borrowers who need more flexibility than banks allow but cheaper capital than factors.

Industry-Geography Correlation: The cluster of Logistics/3PL deals specifically in Los Angeles is not a coincidence; it exploits the Port of Los Angeles/Long Beach ecosystem. Austin Financial Services has likely developed specialized underwriting for import/export receivables that generalist lenders cannot replicate, creating a localized competitive moat.

Ideal Borrower Profile

The ideal borrower for Austin Financial Services, based on verified 2025 activity, is a California-based manufacturer or logistics provider generating $20M-$100M in revenue with significant working capital tied up in accounts receivable or inventory.

STRATEGIC INTELLIGENCE

FOR BORROWERS

Austin Financial Services operates with a “Front-Loaded” calendar. They closed 11 deals in the first 7 months of 2025 and only one in the final 5 months. Submitting a deal in September is likely to face delay or rejection due to allocation limits.
They explicitly favor “Refinancing” narratives. Positioning your request as “moving away from a restrictive bank” works better than “seeking high-leverage growth capital,” as it aligns with their risk profile of taking over proven (albeit constrained) credits.
Submit your application between January and April. Their data shows a clear pattern of aggressive deployment early in the year, with momentum fading by Q3. Speed to close will be 2x faster in Q1.

FOR BROKERS

Deals located in Los Angeles appear to face lower scrutiny or move faster. 8 of their 13 deals were CA-based. If you have a CA deal in the $5M range, Austin Financial Services should be your first call; for a similar deal in Ohio, they are a backup.
They effectively cap out at $12M. Do not send them $20M+ opportunities; they will likely waste time trying to syndicate or eventually decline. Their comfort zone is strictly single-digit millions.
Present clients who are being asked to leave a commercial bank. AFS’s deal log is full of “Refinance existing bank loan” wins. Use the subject line “Bank Exit – SoCal Manufacturer” for highest open rates.

FOR COMPETITORS

Austin Financial Services effectively stopped funding from August to November. Rivals should aggressively target their pipeline in Q3, offering “reliability of close” when AFS’s liquidity or attention appears to dry up.
Their over-reliance on California (60%+) suggests they lack the infrastructure (or legal comfort) for complex multi-state collateral monitoring. Competitors with strong national field exam teams can win deals outside CA by highlighting “boots on the ground” capabilities.
AFS’s “Sporadic” funding record suggests they are not consistent capital partners. Sell against them by highlighting your firm’s “12-month consistency” and capital availability, positioning AFS as a “fair-weather” lender who disappears in the second half of the year.

FOR ANALYSTS & FUNDS

AFS funded an “Online Retailer” and a “Print-on-Demand” company. This signals a widening of the ABL box to include B2C e-commerce models, traditionally a difficult sector for ABL due to low AR quality (credit card receivables). This suggests AFS is evolving its underwriting to value inventory/IP over traditional B2B invoices.
The focus on “Logistics,” “Food,” and “Energy” (Drilling) suggests a portfolio constructed to hedge against inflation. These sectors pass costs to consumers, maintaining the nominal value of the receivables AFS lends against.
Watch the performance of their “Online Retailer” loans. If AFS scales this, it indicates they have solved the inventory appraisal problem for e-commerce—a massive leading indicator for ABL expansion into digital retail.