THE LENDER DRAFT MARCH MADNESS – FEB 1ST WEEK SCORES
ASSET-BASED LENDING GAMES
eCapital 85 – KeyBank 60
eCapital (85): Closed $17.5M ABL facility for multi-generational consumer products distributor in the arts and crafts sector, Midwest
KeyBank (60): Didn’t close a deal last week
SouthStar Capital 79 – M&T Bank 70
SouthStar Capital (79): Closed $500K accounts receivable financing facility for commercial flooring contractor, Indiana
M&T Bank (70): Didn’t close a deal last week
JPalmer Collective 91 – Capteris 80
JPalmer Collective (91): Closed $3M working capital facility for Kiala Nutrition, science-backed wellness brand
Capteris (80): Didn’t close a deal last week
Eldridge Capital Management 86 – First National Capital 60
Eldridge Capital Management (86): Closed $375M lease facility with Atlas Energy Solutions for behind-the-meter power generation assets
First National Capital (60): Didn’t close a deal last week
GAME 5: H.I.G. WhiteHorse 89 – Austin Financial Services 70
H.I.G. WhiteHorse (89): Provided first lien, senior-secured credit facility to Büter Group, hydraulic cylinders manufacturer, Netherlands
Austin Financial Services (70): Didn’t close a deal last week
Celtic Capital 80 – nFusion Capital 88
Celtic Capital (80): Didn’t close a deal last week
nFusion Capital (88): Provided $5M asset-based facility to Denver-based manufacturer and distributor of smoking accessories
Mitsubishi HC Capital 60 – TradeCap Partners 68
Mitsubishi HC Capital (60): Didn’t close a deal last week
TradeCap Partners (68): Provided $9.2M production PO finance facility for ready-to-eat food manufacturer, Southeast
COMMERCIAL REAL ESTATE GAMES
BANKS
| Wells Fargo 67 Citigroup 91 | Goldman Sachs 71 PNC Bank 74 | JP Morgan 77 National Australia Bank 60 | Bank of America 74 SMBC 60 |
| Morgan Stanley 91 Standard Chartered 60 | Bank OZK 70 Santander Bank 69 | Truist Bank 60 BMO 78 |
Wells Fargo 67 – Citigroup 91
Wells Fargo (67): Co-originated $800M CMBS loan for 225 Liberty St., NYC alongside Citi, JPMorgan Chase, and Bank of Nova Scotia
Citigroup (91): Closed $630M refinance for multifamily portfolio (4,077 units across FL, SC, TN, TX, KY); Co-originated a $615M CMBS loan for The Florida Mall, Orlando; Co-originated a $800M CMBS loan for 225 Liberty St., NYC
Goldman Sachs 71 – PNC Bank 74
Goldman Sachs (71): Closed $360M construction loan for Four Seasons Hotel & Residences, Jacksonville FL
PNC Bank (74): Closed $92.3M construction loan for office-to-multifamily conversion, Doral FL; Co-originated a $615M CMBS loan for The Florida Mall, Orlando
JPMorgan Chase 77 – National Australia Bank 60
JPMorgan Chase (77): Co-originated $800M CMBS loan for 225 Liberty St., NYC alongside Citi, Wells Fargo, and Bank of Nova Scotia
National Australia Bank (60): Didn’t close a deal last week
Bank of America 74 – SMBC 60
Bank of America (74): Co-originated $615M CMBS loan for The Florida Mall, Orlando and a $800M CMBS loan for 225 Liberty St., NYC
SMBC (60): Didn’t close a deal this week
Morgan Stanley 91 – Standard Chartered 60
Morgan Stanley (91): Closed $99M refinancing loan for InterContinental Washington D.C. – The Wharf hotel; Issued $331.2M CMBS loan for 16-property retail portfolio
Standard Chartered (60): Didn’t close a deal this week
Bank OZK 70 – Santander 69
Bank OZK (70): Closed $140.1M senior construction loan (lead) for luxury condo at 11 West 13th St., Greenwich Village NYC (with CanAm Enterprises $50M mezzanine)
Santander (69): Closed $100M construction loan for Link at Boca, Boca Raton FL
Truist Bank 60 – BMO/Bank of Montreal 70
Truist Bank (60): Didn’t close a deal last week
BMO/Bank of Montreal (70): Provided an acquisition loan for Greg Center portfolio, Sparks NV ($95.9M purchase price)
PRIVATE CREDIT
| Nuveen 60 Mavik Capital 75 | Apollo 70 Affinius Capital 98 | Barings 70 Fortress Investment Group 84 | Rialto Capital Mgmt 60 BridgeInvest 72 |
| MonticelloAM 78 NYC DHPD 70 | Greystone 90 PGIM 80 |
Nuveen 60 – Mavik Capital 75
Nuveen (60): Didn’t close a deal last week
Mavik Capital (75): Closed $75M senior mortgage for retail property at 830 North Michigan Ave, Chicago IL
Apollo Global Management 70 – Affinius Capital 98
Apollo Global Management (70): Didn’t close a deal last week
Affinius Capital (98): Closed a $115M refinancing loan for 162 East 36th Street, NYC multifamily and a $108M senior loan for two purpose-built student housing developments in Leeds and Lancaster, U.K.
Barings 70 – Fortress Investment Group 84
Barings (70): Provided $60.4M refinancing for BridgePoint South Bay II, Torrance CA (mentioned as recent prior transaction)
Fortress Investment Group (84): Closed $115M senior bridge loan (lead) for The Crossings at Brick Church Station, East Orange NJ (with $16.5M LIHTC equity from Affordable Equity Partners)
Rialto Capital Management 60 – BridgeInvest 72
Rialto Capital Management (60): Didn’t close a deal last week
BridgeInvest (72): Closed $57M construction financing for Freemont Frisco Apartments, Frisco TX
MonticelloAM 78 – NYC DHPD 70
MonticelloAM (78): Closed $21.8M combined bridge and working capital financing ($19.3M bridge + $2.5M working capital) for two skilled nursing facilities in South Carolina
NYC Dept. of Housing Preservation and Development (70): Didn’t close a deal last week
Greystone 90 – PGIM 80
Greystone (90): Closed $94.9M Fannie Mae-backed loan ($89.3M senior + $5.6M mezzanine) for Woodlands of Crest Hill Apartments, suburban Chicago
PGIM (80): Didn’t close a deal last week
GROWTH CAPITAL GAMES
BANKS
| JP Morgan 70 Citigroup 77 | Wells Fargo 80 HSBC 77 | KeyBank 90 Standard Chartered Bank 87 | PNC Bank 90 Deutsche Bank 60 |
| U.S. Bank 80 ICBC 70 | Citizens Bank 64 Santander Bank 83 | Regions Bank 70 SMBC 67 | ING 97 CIBC 80 |
JPMorgan Chase 70 – Citigroup 77
JPMorgan Chase (70): Participated in $450M term loan to Palomar Holdings
Citigroup (77): Participated in €850M corporate facility with ENGIE
Wells Fargo 80 – HSBC 77
Wells Fargo (80): Co-originated $1.5B construction warehouse facility for Aypa Power (lead); Participated in $450M unsecured credit facility to Palomar Holdings
HSBC (77): Served as coordinator and facility agent for €850M corporate facility with ENGIE and as a documentation bank for €850M ENGIE facility
KeyBank 90 – Standard Chartered Bank 87
KeyBank (90): Co-originated $450M unsecured credit facility to Palomar Holdings (alongside U.S. Bank); Joint Lead Arranger on $1.5B Aypa Power construction warehouse facility
Standard Chartered Bank (87): Provided $200M equity investment to Polestar; Provides back leverage financing for £80M senior loan to U.K. student housing developments; Participated in €850M ENGIE corporate facility
PNC Bank 80 – Deutsche Bank 60
PNC Bank (80): Participated in $450M Alpine Income Property Trust credit facility; Participated in $1.5B Aypa Power construction warehouse facility
Deutsche Bank (60): Didn’t close a deal last week
U.S. Bank 80 – ICBC 70
U.S. Bank (80): Co-originated $450M unsecured credit facility to Palomar Holdings (lead arranger alongside KeyBank); Served as Depositary Agent on $1.5B Aypa Power facility; Participated in $1.5B Aypa Power construction warehouse facility
ICBC (70): Participated in $1.5B Aypa Power construction warehouse facility
Citizens Bank 64 – Santander 83
Citizens Bank (64): Participated in $450M unsecured credit facility to Palomar Holdings
Santander (83): Co-originated $1.5B construction warehouse facility for Aypa Power
Regions Bank 70 – SMBC 67
Regions Bank (70): Participated in $450M Alpine Income Property Trust credit facility and in $1.5B Aypa Power construction warehouse facility (Mandated Lead Arranger)
SMBC (67): Provided $200M equity investment to Polestar
ING Bank 97 – CIBC 80
ING Bank (97): Co-originated a $1.5B construction warehouse facility for Aypa Power; Served as mandated lead arranger on €850M ENGIE corporate facility
CIBC (80): Co-originated $1.5B construction warehouse facility for Aypa Power (lead structuring agent); Served as Administrative Agent and Collateral Agent on $1.5B Aypa Power facility
PRIVATE CREDIT
Monroe Capital 68 – ATB Financial 60
Monroe Capital (68): Led debt financing and equity co-investment for CST Academy recapitalization
ATB Financial (60): Didn’t close a deal last week
Wingspire Capital 80 – HPS Investment Partners 104
Wingspire Capital (80): Didn’t close a deal last week
HPS Investment Partners (104): Provides $500M secured term loan to Claros Mortgage Trust
Barings 60 – MidCap Financial 76
Barings (60): Didn’t close a deal last week
MidCap Financial (76): Closed senior secured credit facility to Agile Occupational Medicine; Closes $21.5M senior secured credit facility to Wilde Brands
Stellus Capital Management 88 – Oxford Finance 80
Stellus Capital Management (88): Provided senior debt financing and equity co-investment for SilverAssist’s acquisition of Caring.com
Oxford Finance (80): Didn’t close a deal last week