THE LENDER DRAFT MARCH MADNESS – FEB 3RD WEEK SCORES
ASSET-BASED LENDING GAMES
#1 Southstar Capital (60): Didn’t close a deal this week
#16 The Hedaya Capital Group (68): Provided an $8M factoring facility for female-founded footwear development company, NYC
#23 Comvest Credit Partners (71): Didn’t close a deal this week
#15 nFusion Capital (79): Provided a $5M asset-based lending facility for hydroponic agriculture business, Arizona
#5 Republic Business Credit (91): Provided a $3M invoice financing facility for textile manufacturer, California
#30 Gateway Trade Funding (83): Didn’t close a deal this week
#11 Second Avenue Capital Partners (62): Didn’t close a deal this week
#8 First Business Bank (70): Provided a $2M factoring facility for IT consulting services company, Virginia
COMMERCIAL REAL ESTATE GAMES
#1 Wells Fargo (127) ✅: Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL), closed a $450M CMBS refinance for Nomad Tower office (NYC); and provided a $215M senior secured revolving credit facility for Orion Properties office portfolio
#31 National Australia Bank (60): Didn’t close a deal this week
#17 SMBC (71): Didn’t close a deal this week
#18 PNC Bank (86) ✅: Closed a $75M construction loan for senior living community, Delray Beach FL
#12 MUFG (96) ✅: Co-originated a $689M full-stack construction financing for Lydian Energy renewable projects (solar and battery storage in NM, TX, UT) and syndicated on a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#7 Citigroup (92): Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#21 Credit Agricole (75): Co-originated a $248M project financing for Three Rivers Solar facility, Hancock County ME
#2 Goldman Sachs (82) ✅: Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#13 Santander (71): Didn’t close a deal this week
#4 Bank of America (93) ✅: Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#16 Bank of Montreal (105) ✅: Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#14 Deutsche Bank (83): Didn’t close a deal this week
#11 Barclays (102) ✅: Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL), closed a $58M refinance for 300 Four Falls office, Conshohocken PA, and originated $42.6M in self-storage refinancing (Hawthorne CA, Waipahu HI, Denver CO)
#3 Morgan Stanley (82): Co-originated a $2.1B refinance for QTS Data Centers (Manassas VA, Suwanee GA, Chicago IL)
#8 Nuveen (60): Didn’t close a deal this week
PGIM (75) ✅: Closed a $58M refinance for mixed-use redevelopment, Quincy MA
#6 Apollo Global Management (98) ✅: Closed a $353M senior mortgage for Sotherly Hotels acquisition/privatization (10-asset Southeast US portfolio) with Ascendant Capital Partners ($45M mezzanine component)
#19 Barings (72): Didn’t close a deal this week
#10 Dwight Capital (102) ✅: Closed a $110M HUD 223(f) refinance for J&L Companies multifamily, Newark NJ
#28 Madison Realty Capital (83): Didn’t close a deal this week
#24 Peachtree Group (74) ✅: Closed a $52.4M C-PACE refinance for Great Point Studios film facility, Douglasville GA (12 soundstages)
#25 Fortress Investment Group (59): Didn’t close a deal this week
PACE Loan Group (72): Didn’t close a deal this week
#15 Greystone (91) ✅: Closed a $115M Freddie Mac refinance for Courtlands on the Park, Des Plaines IL
#23 MonticelloAM (95) ✅: Closed a $75M bridge loan and $5M working capital line for acquisition and renovation of four skilled nursing facilities, Pennsylvania
#20 Affinius Capital (80): Didn’t close a deal this week
GROWTH CAPITAL GAMES
#4 PNC Bank (59): Didn’t close a deal this week
#6 Citigroup (85) ✅: Closed a $800M senior secured revolving credit facility refinance for Huntsman International, Houston TX
#16 Royal Bank of Canada (92) ✅: Closed a $30M incremental term loan for Western Forest Products, Vancouver Canada
#23 Standard Chartered Bank (80): Didn’t close a deal this week
#21 ICBC (61): Didn’t close a deal this week
#20 CIBC (73) ✅: Closed a $50M growth capital facility for AlayaCare Inc., Canada
#15 Monroe Capital (68) ✅: Provided an undisclosed amount senior credit facility for Excel Testing and Engineering, Diagonal IA
#24 Wingspire Capital (60): Didn’t close a deal this week
#12 Fortress Investment Group (81) ✅: Closed a $112M senior secured credit facility for Hollywood Feed, Memphis TN
Barings (62): Didn’t close a deal this week