2025 GROWTH CAP LENDER RUNNER-UP

The Blue Chip Conference – Bears Division

Explore the benefits of Bank of America for your growth capital financing needs

Bank of America

Website: https://business.bofa.com/en-us/content/global-commercial-banking.html

🏀 2026 SEASON (CURRENT)

Total PointsDeals LoggedVolume DraftedPrimary Asest FocusMost Common Loan TermPrimary Loan TypeTop StatesPace Score
Bank OZK1137$85,100,000Condo (3), Multifamily, IndustrialConstruction loan (5)Construction (5)Florida (2), Pennsylvania, New York, California0.33
European Investment Bank854$925,520,000Industrial/Biorefinery, Shore Power Infrastructure, EV Charging Infrastructure, Wind Farm15 years (1)Construction (2)Italy, Netherlands, Estonia, Spain0.27
Mitsubishi UFJ Financial Group (MUFG) - Commercial RE39219$6,030,853,333Solar Energy (5), Battery Energy Storage (3), Data Center (2), Geothermal, Wind Farm, LNG Facility, HVDC TransmissionNon-recourse project financing (2)Construction (7), Refinance (3), Commercial Real Estate (2), Construction and TermTexas (3), Louisiana (3), Chile, Japan, Spain, India0.68
Wells Fargo - Commercial RE72132$9,943,313,154Office (7), Industrial (5), Multifamily (5), Mixed-Use (3), Hotel/Casino, Data Centers, Energy/LNG, Retail5-year fixed-rate (3); 2-year floating-rate (2), floating-rate (2), construction loan (2)Refinance (10), CMBS for Refinance (8), Construction (4), Acquisition (3), Bridge for Refinance (2), CMBS for Acquisition, Credit Facility, Growth Capital, Expansion/RefinanceNew York (15), Illinois (3), Florida (2), Texas (2), California (2)1.41
Bank of Montreal (BMO) - CRE1689$1,329,000,000Industrial (5), Multifamily (2), Data Centers, Retail2-year floating-rate (2); construction loan (1), fund-level revolving (1)Acquisition (4), Refinance (3), Construction, Credit FacilityGeorgia (3), Florida (2), Virginia, New Jersey, Nevada, Texas0.56
Deutsche Bank - Commercial RE23212$2,614,366,667Office (5), Multifamily, Energy/LNG Facility, Hotel, Life Sciences, Mixed-Use5-year fixed-rate (2); 2-year floating-rate (1), construction financing (1), CMBS conduit (1)Refinance (5), Construction (2), CMBS Refinance (3)New York (5), California, Colorado, Florida, Georgia, Ireland0.5
First Citizens Bank - CRE000TBDTBDTBDTBD0
JP Morgan - Commercial RE46622$7,075,349,206Office (6), Industrial (3), Multifamily (2), Mixed-Use (2), Energy/Geothermal (2), Retail (2)5-year, fixed-rate (2); 2-year floating-rate + extensions (2); 3-year floating-rate (2)Refinance (6), CMBS for Refinance (5), Acquisition (4), Construction (3), Bridge for Refinance, Senior + Mezzanine LoanNew York (6), California (3), Texas (3), Massachusetts (2), Florida, Pennsylvania0.95
Sumitomo Mitsui Banking Corporation (SMBC) - Commercial RE20212$1,313,373,610Solar Energy (3), Energy/Geothermal (2), Data Center, Energy Storage/BESS, HVDC Transmission, Multifamily, Solar/Wind/BESS HybridNon-recourse senior secured (2); Construction-to-term loan (2)Commercial Real Estate (6), Construction (3), RefinanceLouisiana (2), Canada, India, Japan, New York, Philippines0.45
BNP Paribas686$456,748,429Solar / Renewable Energy (4), Industrial, Retail/Mall2-year floating-rate + extensions (2)Commercial Real Estate (3), Construction (2), CMBS for refinanceSpain (2), Chile (2), Italy, United Arab Emirates0.27
Citigroup - Commercial RE32417$3,346,167,916Industrial (4), Multifamily (3), Office (3), Hotel (3), Retail (2), Data Center (2)Term2-year floating-rate (3), 5-year fixed-rate (2)CMBS for refinance (5), Refinance (5), Acquisition (2), Construction, CMBS for acquisitionNew York (4), Florida (4), Texas (2), Virginia, Georgia, Arizona0.73
Morgan Stanley - Commercial RE32314$4,553,109,333Office (4), Data Center (3), Industrial (2), Retail (2), Hotel (2), Self-Storage5-year fixed-rate (2), 2-year floating-rate (2)CMBS for refinance (5), Refinance (5), CMBS for acquisition (2), Revolving Credit Facility, ConstructionNew York (3), Texas (2), Virginia (2), Massachusetts, California, Washington D.C.0.64
Santander Bank - Commercial RE18110$1,213,816,078Solar PV/BESS Hybrid (5), Energy Storage/BESS (2), Multifamily (2)Construction-to-term (2)Construction (5), Commercial Real Estate (4)California, Connecticut, Florida, Idaho, Peru, Portugal0.41
Truist Bank - Commercial RE915$414,300,000Multifamily (5)Construction loan (1), Senior loan and preferred equity (1), Permanent loan (1)Construction (2), Acquisition, Refinance, Permanent financingNew York (2), Maryland, Texas, Washington D.C., New Jersey0.23
Bank of America - Commercial RE37918$18,349,612,360Office (6), Data Center (3), Industrial (3), Energy (3), Multifamily (2), Retail/MallFixed-rate 5-year (2), 2-year floating-rate (2)Refinance (5), Construction (4), CMBS for refinance (4), Acquisition (3), CMBS for acquisitionNew York (6), Louisiana (2), Virginia (2), Michigan, California, Florida0.82
Goldman Sachs - Commercial RE50925$5,196,649,000Office (7), Solar/Energy Storage (4), Retail (2), Data Center (2), Hotel (2), Multifamily (2)5-year fixed-rate (3); 2-year floating-rate (2)Refinance (10), CMBS for refinance (6), Bridge (2), Construction (2), CMBS for acquisition, Revolving Credit FacilityNew York (5), California (4), Virginia (3), Texas (3), Florida (3), Washington1.09
ING Groep NV - Commercial RE23212$2,197,435,333Solar Energy (5), Battery Energy Storage (3), Data Center, Office, Community SolarConstruction-to-term (1), 20-year PPA (1)Construction (6), Commercial Real Estate (2), Refinance (2), Construction and TermLouisiana (2), California, Idaho, Texas, Virginia, Philippines0.5
KeyBank1629$1,068,400,000Solar / Energy (4), Multifamily (2), Senior Living, Industrial Outdoor Storage35-year amortization (1), 7-year fixed (1), construction-to-term (1)Construction (3), Refinance (3), HUD Refinance, Construction/Term LoanIdaho (2), Texas (2), North Carolina, Colorado0.36
Natixis - Commercial RE1457$1,865,338,096Solar / Energy (4), Battery Energy Storage (2), LNG Facility, Retail, AI InfrastructureSenior non-recourse (1), construction term loan (1)Construction (3), Refinance, Growth Capital, Commercial Real EstateLouisiana, Texas, California, New York, Chile, France0.32
Barclays - Commercial RE23114$1,951,030,000Energy/Geothermal (2), Office (2), Data Center, Energy/LNG, Self-Storage5-year, fixed-rate (2); Construction-to-term (2)Refinance (4), Construction (2), Commercial Real EstateCalifornia (2), Georgia, Illinois, Louisiana, Pennsylvania, Texas0.32
ACORE Capital342$235,000,000Industrial, Multifamily2-year floating-rate; 3Ă—1-year extensionsRefinance (2)Washington, Multi-State (15 states)0.11
Affinius Capital20112$1,365,328,000Multifamily (6), Office (2), Industrial, Development Site, Student Housing (United Kingdom), Mixed-UseFloating-rate; matures 2029; two 1-year extension options (1); Senior loan; back leverage provided by Standard Chartered (1)Refinance (8), Acquisition (2), Construction (2)New York (5), Florida (2), Pennsylvania (2), Georgia, California, United Kingdom0.55
Barings1427$1,528,450,000Mixed-Use (3), Office (2), Hotel, IndustrialConstruction financing (1)Refinance (4), Construction (3)New York (3), California, Illinois, Tennessee, Utah0.32
Brookfield372$369,000,000Multifamily (2)Three-year bridge (only stated term)Refinance, BridgeNew York (2)0.11
S3 Capital1006$576,750,000Mixed-Use (3), Multifamily, Student HousingTBDConstruction (3), Refinance, Construction/AcquisitionFlorida, New York, New Jersey, South Carolina, Texas0.21
Berkadia272$110,942,000Multifamily (2)Freddie MacAcquisition (2)Virginia, Wisconsin0.5
Dwight Capital/Dwight Mortgage Trust21616$1,037,000,000Multifamily (13), Mixed-Use (2)HUD 221(d)(4) (2), 35-year fully amortizing fixed-rate (1), 5-year interest-only (1), HUD 241(a) (1), HUD 223(f) (1Refinance (6), Construction (5), Bridge for refinance (4)New York (4), Florida (4), New Jersey (2), Texas (2), Utah, California0.68
Greystone1007$496,249,222Multifamily (4), Affordable Housing (2), Senior Housing24-month bridge with extension options (2), Bridge for Refinance (2), Refinance (2), Acquisition, Construction/Rehabilitation (2)Illinois (2), North Carolina (2), New York, Mississippi, Florida0.3
Madison Realty Capital1509$907,150,000Condominium (3), Multifamily (3), Hotel (2), Self-StorageClosed Dec 19, 2025, completion late 2027 (1); Construction loan, expected completion 2028 (1)Construction (5), Refinance (2), Acquisition (1), Condominium Inventory LoanNew York (2), New Jersey (2), Florida (2), Virginia, California, Tennessee0.41
Nuveen22015$1,274,045,000Hotel (5), Multifamily (4), Office/Lab (2), Retail (1), Life Sciences30 years (3), 5-year floating-rate (1), C-PACE financing including $30M for future tenants (1C-PACE for Construction (5), Construction (3), Refinance (3), Acquisition, Full stack capitalizationTexas (2), Pennsylvania (2), Nevada (2), New York (2), Arizona, Florida0.59
Blackstone - Commercial RE26211$10,494,670,000Industrial (3), Multifamily (3), Office (2), Data Center, AI Infrastructure3-year bridge (1), 5-year fixed-rate (1)Refinance (6), Bridge for refinance (2), Acquisition/ConstructionNew York (2), Florida (2), Texas (2), Australia, Colorado, Washington0.45
Corebridge252$115,000,000Self Storage, Multifamily5 years (2)Acquisition, RefinanceMultiple, New York0.11
MonticelloAM16010$1,077,800,000Skilled Nursing Facility (7), Senior Housing (2), Multifamily36-month initial term (3), 30-month initial term (1), 24-month term (1)Bridge for Acquisition (6), Bridge for Refinance (3), Bridge AcquisitionIllinois (2), Florida (2), Washington (2), Maryland, New York, Pennsylvania0.45
Peachtree Group18015$552,260,000Hotel (9), Multifamily (2), Industrial, Senior Housing, Retail3-year bridge with two 12-month extension options (3), 3-year floating-rate EB-5 (1), C-PACE 30-year (1)Bridge for refinance (4), Construction (4), C-PACE for Construction (3), Bridge (2), C-PACEFlorida (2), Texas (3), North Carolina (2), Georgia (2), Utah, Ohio0.64
Tyko Capital883$770,000,000Condominium (2)Construction loan, completion Q4 2028 (1)Construction (2)Florida (2)0.11
Apollo Global Management1877$3,454,800,000Mixed-Use/Conversion (2), Industrial (2), HotelMulti-year (1), 36-month SOFR floating (1)Construction (3), Acquisition (2), Refinance (2)New York (3), Florida, North Carolina, Germany (2), United Kingdom, Netherlands, Spain0.39
Ares Real Estate Management1828$2,198,817,000Industrial (2+), Multifamily (2), Mixed-Use (2)Fixed-rate long-tenor (1), Through 2031 (1)Acquisition (4), Refinance, Construction, C-PACE, Growth FinancingFlorida (2), New York (2), Illinois, California, Washington D.C., United Kingdom0.44
New York Life805$432,517,000Multifamily (3), Office, RetailConstruction loan, 5-year interest-only, 3-year, floating-rateRefinance (3), Construction, AcquisitionNew York (2), Washington, Texas, California, Illinois0.21
PGIM Real Estate1809$3,694,925,000Industrial (4), Data Center, Multifamily (2)3-year with extensions (1), 7-year fixed (1), Floating-rate (1)Acquisition (4), Refinance (4), Revolving Credit FacilityCalifornia (2), Texas (2), Illinois, Massachusetts, Florida, Germany0.39
Starwood Property Trust342$202,000,000Multifamily, IndustrialTBDRefinance, AcquisitionIllinois, Tennessee0.11
Deutsche Bank - Growth Cap1015$3,015,000,000TBDRevolving credit facilityAcquisition, Working CapitalSpain, Switzerland0.5
HSBC1206$1,191,279,762TBDRevolving/RCF (2)Growth Capital (2), First Lien Term Loan, Corporate Debt Facility, Warehouse FacilityNew York, New Jersey, California, Spain, Switzerland0.23
JP Morgan - Growth Cap50825$12,866,892,690TBD5-year (2), 2-year with extension options (2)Revolving Credit Facility (5), Growth Capital (2), Credit Facility (2), Loan (2), Unsecured Term Loan, Acquisition Credit Facility, othersTexas (4), New York (3), Illinois (3), California (2), Japan, Louisiana0.82
Natixis - Growth Cap1387$1,060,061,398TBD5-year, 3-year, 12-year, long-term PPA (all distinct; no modal)Growth Capital (3), Term Loan B, Syndicated Letter of Credit Facility, Construction Warehouse Revolving Credit Facility, Commercial Real EstateSpain (2), Nevada, Virginia, France, Massachusetts, Texas0.32
PNC Bank20612$1,800,010,822TBD5-year (4)Revolving Credit Facility (3), Unsecured Term Loan (3), Unsecured Credit Facility – Revolver + Term Loans (2), Syndicated Credit Facility, Senior Secured Credit Facility, Construction Warehouse Revolving Credit FacilityIllinois (3), Connecticut, Ohio, Virginia, Indiana, Texas0.55
Bank of America - Growth Cap27913$5,123,868,881TBD5-year (4)Revolving Credit Facility (4), Bridge Loan, Syndicated Term Loan, Syndicated Credit Facility, Growth Capital, Construction Warehouse Revolving Credit FacilityCalifornia (3), Texas (2), Ohio, Virginia, Illinois, Canada0.45
Barclays - Growth Cap1316$2,027,182,540TBDTerm Loan B, 5-year, 7-year (all distinct; no modal)Term Loan B, Term Loan, Revolving Credit Facility, Senior Secured Green Revolving Loan and LC Facility, Growth Capital, Senior Secured Corporate Credit Facility (all distinct)Texas (2), Virginia, California, Spain, Pennsylvania0.37
Goldman Sachs - Growth Cap22710$8,927,204,762TBDBridge loan (1-year), 5-year, Term Loan B (all distinct; no modal)Growth Capital (3), Term Loan B, Revolving Credit FacilityVirginia, New York, Japan, Italy, Spain0.23
Santander Bank - Growth Cap1136$1,006,704,762TBD5-yearGrowth Capital (3), Revolving Credit Facility, Senior Secured Corporate Credit FacilitySpain (2), New York, Chile, Pennsylvania0.23
Sumitomo Mitsui Banking Corporation (SMBC) - GC1085$8,439,533,333TBD3-year (2)Growth Capital (3), Revolving Credit Facility, Senior Secured Green Revolving Loan and LC FacilityNew York, Japan, Sweden, Texas, Denmark0.23
Citigroup - Growth Cap25311$808,267,583TBDMaturity January 2030 (1)Growth Capital (4)India, France, Spain, Canada0.18
Huntington Bank - Growth Cap1108$407,619,047TBD5-year (2)Unsecured Credit Facility – Revolver + Term Loans (2), Unsecured Term Loan, Senior Credit Facility, Revolving Credit Facility, Five-Year Unsecured Term Loan, Commercial Aircraft Engine Acquisition FacilityConnecticut, Texas, Colorado, California, Florida, Washington0.32
Morgan Stanley - Growth Cap19770TBDTBDTBDTBD0
Mitsubishi UFJ Financial Group (MUFJ) - Growth Cap21210$8,661,571,429TBD3-year (1); Bridge loan 1-year (1); 5-year leveraged loan (1)Growth Capital (4)India, Japan, France, Massachusetts0.18
Truist Bank - Growth Cap915$381,250,000TBD2 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)Securitization / Warehouse & Mezzanine Refinancing; Growth Capital (Equity and Debt); Unsecured Credit Facility; Acquisition Credit FacilityMichigan, California, Florida, New Jersey0.18
Bank of Montreal (BMO)-Growth Cap764$649,096,154TBDDue May 2031; 2 years with extension options; Maturity January 2030; Softwood Lumber Program termRevolving Credit Facility (2); Growth Capital / Syndicated Credit Facility; Growth Capital / Term Loan (Softwood Lumber)Canada (2), Missouri, Illinois0.18
Canadian Imperial Bank of Commerce (CIBC)1018$260,796,154TBD4-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 CapitalCanada (3), Belgium0.18
ING Groep NV - Growth Cap805$185,540,000TBD95% covered buyer credit guarantee (1)Growth CapitalFrance0.05
Royal Bank of Canada1047$442,667,583TBD5-year (1); 2-year with extensions (1); Softwood Lumber bilateral (1); Maturity 2030 (1); SOFR + 85 bps (1)Growth Capital (3); Senior Secured Credit Facilities; Growth Capital / Asset-Based LoanCanada (3), Louisiana, Illinois0.23
Wells Fargo-Growth Cap26113$4,475,773,644TBDSOFR + 85 bps / interest-only (2); 5-year revolving (2)Revolving Credit Facility (5); Unsecured Term Loan (3); Term Loan B (1); Syndicated Credit Facility (1); Senior Credit Facility (1)Illinois (3), California (2), Canada, Virginia, Louisiana, New York, Ohio, Indiana0.55
Regions Bank - Growth Cap1167$539,475,108TBDThe loan terms typically range from 2 to 5 years for initial maturity, frequently featuring one or more extension options (e.g., 6-month or 1-year extensions) and often priced using SOFR plus a spread.The mix is predominantly composed of Unsecured Term Loans and various Credit Facilities (including syndicated, revolving, and construction warehouse facilities).Illinois (3), Texas (2), Florida, New York, Washington0.35
KeyBank - Growth Cap1398$2,429,713,203TBDTBDRevolving Credit Facility (2), Unsecured Credit Facility Revolver + Term Loans (2), Acquisition Credit Facility, Five-Year Unsecured Term LoanNew York, New Jersey, Ohio, California, Florida, Washington0.26
U.S. Bank - Growth Cap22710$1,441,915,585TBD5 years (2)Revolving Credit Facility (3), Unsecured Term Loan (2), Unsecured Credit Facility Revolver + Term Loans (2), Construction Warehouse Revolving Credit Facility, Term Loan Credit Agreement, Five-Year Unsecured Term LoanIllinois (2), California (2), Missouri, Ohio, Wisconsin, Texas, New York, Washington0.43
BBVA1254$1,031,858,974TBDTBDGrowth Capital (4)China (2), Spain (2)0.17
Blue Owl Capital1336$2,050,000,000TBDSOFR+5.00% or Base Rate+4.00%, matures Apr 2031 (1); 5.5% over SOFR (1)Senior Secured Credit Facility (2), Term Loan and Revolving Credit Facility, Credit Facility (Warehouse/Renewal), Delayed-Draw Term LoanTexas, Massachusetts, California, Germany0.18
Comvest Partners191$130,000,000TBDTBDSenior Secured Credit FacilityCalifornia0.04
MidCap Financial-Growth Cap757$21,500,000TBDRevolver with accordion feature; term loan; delayed draw term loan (1Senior Secured Credit Facility (5), Growth Capital (1)California (2), New York, Kentucky, Maryland, Canada0.27
Mountain Ridge Capital81$15,000,000TBDRevolving facility maximizing availability against working capital assetsSenior Secured Credit FacilityMidwest0.04
SLR Credit Solutions000TBDTBDTBDTBD0
Blackstone - Growth Cap843$1,600,000,000TBDFour-year funding spread, milestone payments upon FDA approval (1)Growth Capital (2), Senior Secured Credit FacilityTexas, Israel, India0.14
Hercules Capital121$25,000,000TBD4-year loan with three tranches up to $75M milestone-based, final $25M at Hercules discretionGrowth CapitalCalifornia0.04
Monroe Capital18116$52,500,000TBDTermPrime plus 3.75%, 60-month term (1); Senior credit facility (1); Delayed draw facility (1)Senior Credit Facility (10), Senior Secured Credit Facility (2), Delayed Draw Senior Credit Facility, Debt Financing + Equity Co-Investment, Senior Secured Term LoanCalifornia (4), Illinois (2), Michigan (2), Florida (2), Texas, Georgia0.73
SG Credit Partners2830TBDTBDSenior Debt Facility, Senior Debt Investment (2)New York (2), Colorado0.14
Stellus Capital Management243UndisclosedTBDTBDUnitranche Senior Debt Facility (with Equity Co-Investment), Senior Debt Financing + Equity Co-Investment (2)Arizona, Tennessee, Virginia0.14
HPS Investment Partners291$500,000,000TBDFour-year secured term loan, SOFR + 675 basis pointsSecured Term LoanNew York0.04
NXT Capital605UndisclosedTBDTBDSenior Secured Credit Facility (2), Senior Credit Facility (2)Pennsylvania (2), Ohio, Michigan0.18
Siena Lending Group - GC000TBDTBDTBDTBD0
Trinity Capital12110$338,915,000Small business receivables / consumer and SMB loan collateral (1)Commitment structureGrowth Capital (5), Senior Secured Credit Facility (2), Equipment Financing, Growth Capital Debt Facility, Debt Term Loan, Warehouse Credit FacilityCalifornia (5), Arizona, Utah, New York, United Kingdom (2)0.5
Wingspire Capital726$180,000,000TBDN/ASenior Secured Revolving Credit Facility (2), Revolving Credit Facility (2), Senior Secured Credit Facility, CommitmentPennsylvania, Wisconsin, Georgia, Florida0.27
Ares Management - Growth Cap1085$4,300,000,000TBDTBDDebt Facility (2), Acquisition Financing, Equity and Debt Capital, Debt FinancingColorado, California, New Jersey, North Carolina, Pennsylvania0.23
Encina Private Credit625$118,750,000Enterprise value / first-out commitment (1)Senior credit facility secured by diversified pool of small balance lease-to-own contractsSenior Secured Credit Facility (3), First Out Term LoanGeorgia0.18
Great Rock Capital - GC121$30,000,000TBDTBDSenior Secured Revolving Credit FacilityPennsylvania (2)0.04
KKR000TBDTBDTBDTBD0
Whitehawk Capital Partners2610TBDTBDTBDTBD0
Bain Capital534$286,548,840TBDTBDSenior Credit Facility (2), Growth Capital, Senior Secured Credit FacilityMassachusetts, Georgia, Nebraska, Germany0.17
Fortress864$762,000,000TBDTBDSenior Secured Credit Facility (2), First-Lien Term Loan, Senior Secured Term LoanNew Jersey, Tennessee, Kansas, California0.17
Advantage Business Capital81$1,000,000InvoicesTBDInvoice Factoring FacilityTBD0.04
First Citizens Bank - ABL000TBDTBDTBDTBD0
Gibraltar Business Capital81$20,000,000TBDTBDSenior Secured FacilityTBD0.04
nFusion Capital8010$55,600,000Accounts Receivable (7), Inventory (2), Accounts Receivable and Inventory (1)TBDAsset-Based Lending Facility (5), Factoring Facility (4), Factoring LineCalifornia (3), Texas (2), Colorado, Michigan, Arizona, Florida, Georgia0.45
Culain Capital243$7,500,000Accounts Receivable (3), InventoryTBDAccounts Receivable Factoring Facility (2), Accounts Receivable & Inventory Financing FacilityNew York (2), California0.14
First Business Bank8410$42,800,000Accounts Receivable (6), Inventory (3), Real Estate (2), Vehicle InventoryFactoring Facility (3), Asset-Based Revolving Credit Facility (2), Credit Facility (2), Working Capital Line of Credit, Inventory Floorplan Line of CreditWisconsin (2), Texas (2), Minnesota, New Jersey, Virginia, Hawaii, Pennsylvania0.41
Great Rock Capital - ABL463$208,750,000Accounts Receivable (3), Machinery & Equipment (2)TBDSenior Secured Revolving Credit Facility (2), Senior Secured RevolverPennsylvania0.14
Rosenthal Capital Group10012$23,750,000Accounts Receivable (7), Inventory (4), Purchase Orders (2)TBDABL Facility (3), Recourse Factoring Facility (2), Purchase Order Financing (2), Revolving Credit Facility, Working Capital Facility, Facility IncreaseCalifornia (3), Idaho, Michigan0.41
Ares Commercial Finance121$175,000,000Accounts receivable; Machinery & equipmentTBDSenior Secured Revolving Credit FacilityTBD0.16
Sallyport Commercial Finance547$16,150,000Accounts Receivable (5), Inventory (2)TBDAccounts Receivable Financing Facility (3), Non-Notification Factoring Facility (2), Inventory Finance Facility, A/R and Inventory FacilityCanada (3), Texas0.32
SLR Healthcare ABL162$10,000,000TBDTBDAsset-Based Revolving Line of Credit (2)Northeast0.09
Utica Equipment Finance162$18,000,000Heavy Equipment (2)Capital lease (2)Capital lease (2)Mid-Atlantic0.09
Amerisource Business Capital648$30,500,000Accounts Receivable (6), Inventory (4), Equipment (3), Real EstateTBDABL Facility (3), A/R Only Facility, Asset-Based Lending Facility, Credit Facility Increase, Ledgered Asset-Based Line of Credit, A/R Ledgered ABL, Revolving Credit Facility with Equity, Working Capital FacilityTexas (2), Midwest (2), Southeast (2)0.36
King Trade Capital000TBDTBDTBDTBD0
MidCap Business Credit324$46,000,000Accounts Receivable (3), Inventory (3), Machinery & Equipment (3), Real EstateTBDAsset-Based Credit Facility (2), Working Capital Revolver (2), Working Capital Revolver + Machinery and Equipment Term LoanTexas0.18
White Oak Commercial Finance544$107,500,000Accounts Receivable (3), Mining Services Assets, VariousTBDSenior Secured ABL Facility, Revolving Credit Facility, ABL Revolver FacilityArizona, Texas0.14
Loeb Equipment162$1,200,000EquipmentTBDEquipment-Based LoanWisconsin, Illinois0.04
Prestige Capital81$3,000,000Invoices; Accounts ReceivableTBDInvoice Financing FacilityCalifornia0.04
JPalmer Collective567$26,000,000Accounts Receivable (4), Inventory (4)TBDLine of Credit (3), Working Capital Facility (2), Asset-Based Line of Credit, Asset-Based Loan, Debt FacilityNew York (2), Oregon (2), California, Georgia, Massachusetts0.32
Eldridge Capital Management 693$925,000,000Power generation equipment (3)TBDLease Facility (2), Equipment Financing FacilityTexas (3)0.13
Haversine Funding567$38,100,000Transportation Receivables / Factoring Portfolio (3), Accounts Receivable (2), Loan Portfolio / Working Capital Assets, Accounts Receivable (Optical Networking Hardware)TBDLender Finance - Subordinated Debt Increase (2), Lender Finance - Senior Secured Revolving Credit Facility Increase, Lender Finance - ABL Participation, Lender Finance - Senior Facility Increase, Lender Finance - A/R Participation, Lender Finance - Factoring ParticipationTexas (7)0.3
Austin Financial Services81$10,000,000TBDTBDAccounts Receivable RevolverTBD0.2
eCapital10012$107,250,000Healthcare Accounts Receivable (7), Accounts Receivable (4), Freight Receivables (2), InventoryABL facility with advances against accounts receivable and inventory; flexible facility with higher advance rates (1); others undisclosedHealthcare Receivables Financing Facility (5), A/R Financing Facility (3), Healthcare Financing Facility, Asset-Based Lending Facility, Asset-based Loan-Freight Factoring Facility, Freight Factoring FacilityCalifornia (2), Canada (Ontario), Massachusetts, Midwest1
Porter Capital000TBDTBDTBDTBD0
Siena Lending Group - ABL463$185,000,000Accounts Receivable (2), Inventory (2), Current and Fixed AssetsTBDRevolving Credit Facility, Senior Secured ABL Credit FacilityCalifornia, New Jersey0.09
Gateway Trade Funding152$1,700,000Inventory (2), Purchase OrdersLetter of credit-backed (1)Purchase Order Facility (2)TBD0.33
Republic Business Credit557$23,000,000Accounts Receivable (5), Inventory (2)Accordion up to $6M with $2M inventory option after 6 months (1), Ledgered line of credit (1), Includes $10M accordion feature (1), Factoring facility (1)Factoring Facility (4), Asset-Based Loan (2), Ledgered Line of CreditCalifornia (2), Texas, Southwest0.32
SLR Business Credit243$20,000,000Accounts Receivable (3), Inventory (2)TBDSenior Secured Asset-Based Revolving Credit Facility, Senior Secured Invoice Financing Credit Facility, Revolving Line of CreditNew Jersey0.14
TAB Bank81$2,500,000InventoryTBDAsset-Based Lending FacilityUtah0.04
Alpine Ridge Funding000TBDTBDTBDTBD0
Celtic Capital537$7,270,700Accounts Receivable (5), Equipment (3), Inventory$500K AR Line + $304.5K Equipment Loan (1); AR Line and Equipment Loan terms undisclosed (1)Accounts Receivable Line of Credit (4), Asset-Based Financing Package, Accounts Receivable Line of Credit and Inventory Line of CreditCalifornia (3), Pacific (2), Midwest, South-Central0.27
Clarus Capital81$10,000,000Essential use assets (medical transportation vehicles)Loan facility for sponsor-backed companyLoan FacilityTBD0.25
Gordon Brothers191$175,000,000Various assets; Real EstateUnitranche asset-based lending revolver with RILO trancheUnitranche ABL Revolver with RILOTBD0.04
Assembled Brands3240Accounts Receivable (3), Inventory (3)Dynamic accordion-style facility with high advance rates (1), Scalable accordion feature; no lockboxes; no personal guarantees (1Asset-Based Credit Facility, Senior Asset-Based Line of Credit, Revolving Working Capital Facility, Accordion-Style Asset-Based FacilityDelaware, California, Illinois, New Mexico0.18
MidCap Financial-ABL383$95,000,000TBDSenior secured credit facility (2)Senior Secured Credit Facility (2), Asset-Based Loan, Growth CapitalNew York, Canada (Toronto) (2)0.14
Southstar Capital22630$42,150,000Accounts Receivable (23), Purchase Orders (6), Inventory (4), Equipment (3)Loan TermAccounts receivable financing facility; advances against eligible invoices including progress-billed contracts with retainage (1)Accounts Receivable Financing Facility (13), Invoice Factoring Facility (5), A/R Financing Facility (3), Purchase Order and A/R Financing Facility (3), A/R and Inventory Financing Facility (2), Factoring Facility (2), A/R Line of CreditTexas (4), Florida (3), North Carolina (3), South Carolina (3), Indiana, Midwest1.32
Wintrust Equipment Finance000TBDTBDTBDTBD0
The Hedaya Capital Group486$22,000,000Accounts Receivable (6)Factoring facility with non-notification basis (1)Factoring Facility (6)New York (2), Florida, California, New Jersey, Texas0.27
Sigma Funding243$2,600,000Accounts Receivable (3)$2,000,000 per month ongoing (1), Per month ongoing (1)Monthly Factoring / Accounts Receivable Funding Program, Accounts Receivable Financing Facility, Accounts Receivable Funding FacilityFlorida (2), California0.14
Capteris444$94,000,000Equipment (3)TBDLease Commitment (2), Equipment Finance Loan, Co-InvestmentTBD0.18
Baker Garrington8611$15,000,000Accounts Receivable (11)TBDFactoring Facility (11)Texas (4), North Dakota (3), Colorado, Oklahoma, Pennsylvania, Louisiana0.5
Crestline Investors603$412,500,000Portfolio of fund/infrastructure/credit assets (3)TBDNAV Loan (3)TBD0.13
JD Factors7410$8,850,000Accounts Receivable (10)TBDFactoring Facility (10)Illinois (2), Quebec (2), British Columbia, Indiana, Washington, Arizona, Tennessee, Texas0.43

Tale of the Tape (YTD 2025)

  • Total Points: 452
  • Deals Logged: 33
  • Volume Drafted: $93.44 Billion*
  • Primary Asset Focus: Technology, Entertainment & Consumer Services | Finance, Real Estate, Healthcare & Professional Services | Energy, Transportation & Diversified Manufacturing
  • Most Common Loan Term: Five-year/5-year (6) | Four-year/4-year (2) | Specific Term Details (SOFR plus margin (3), Specific maturity dates (5), Extension options (3))
  • Primary Loan Type: Credit Facility (11) | Revolving (8) | Senior Secured (6)
  • Top States: Florida (5), California (4), Illinois (3), Massachusetts (3), New York (3), Colorado (2)
  • Win-Loss-Draw: 6-1-9
WeekOpponentResultScore & Top DealTop Deal Source
SuperbowlMonroe CapitalLoss0-3 (Undisclosed Amount Senior Credit Facility Canton, MA)
Playoff-Conference ChamptionshipCitigroupWin21*-21($11B Non-recourse loan Abi Dhabi, UAE)Link to Deal
Playoff-Quarter FinalsJP Morgan ChaseWin31-0 ($54B Bridge Loan Los Angeles, CA)Link to Deal
12Canadian Imperial Bank of Commerce (CIBC)Win21-0 ($3.5B Senior Secured Credit Facility Westminster, CO)Link to Deal
11Truist Bank: Growth CapitalDraw0-0 (No Decisive Deal)
10NatixisDraw0-0 (No Decisive Deal)
9Sumitomo Mitsui Banking Corporation (SMBC)Draw10-10 (No Decisive Deal)
8Goldman Sachs: Growth CapitalDraw0-0 (No Decisive Deal)
7Barclays: Growth CapitalDraw0-0 (No Decisive Deal)
6Wells Fargo: Growth CapitalDraw0-0 (No Decisive Deal)
5Citigroup: Growth CapitalDraw7-7 (No Decisive Deal)
4JP Morgan ChaseWin10-0 ($120M Sunrise, FL)Link to Deal
3Sumitomo Mitsui Banking Corporation (SMBC): Growth CapitalDraw0-0 (No Decisive Deal)
2Goldman Sachs: Growth CapitalDraw0-0 (No Decisive Deal)
1Barclays: Growth CapitalWin24-0 ($900M Chicago, IL)Link to Deal

*Indicates a syndicated loan. Per “The Lead Arranger & The Syndicate Rule”, scoring is based on the lender’s specific allocation or lead arranger status. See The Rulebook for details.

Lender Overview

  • Total Deals Logged: 33
  • Total Capital Deployed: $93.44 Billion
  • Win-Loss-Draw Record: 6-1-9
  • Win Percentage: 37.5%
  • Primary Asset Focus: Technology, Entertainment & Consumer Services | Finance, Real Estate, Healthcare & Professional Services | Energy, Transportation & Diversified Manufacturing
  • Top States: Florida, California, Illinois, Massachusetts, New York, Colorado

2025 PERFORMANCE SUMMARY

Bank of America finished the 2025 Lender Draft season with a 6-1-9 record, demonstrating selective activity based on a win percentage of 37.5%. While the win rate suggests a moderately active approach, the raw volume tells a different story: they are “big game hunters” who may lose or draw on frequency but dominate on capital deployment. The high number of draws (9) indicates they are consistently competitive in the market—likely splitting mandates or syndicating large deals—rather than losing outright.

The disparity between their record (6-1-9) and volume ($93B+) confirms a strategy prioritizing deal magnitude over frequency. Bank of America activity spiked dramatically during the “Playoff” period (Year-End), suggesting a back-loaded fiscal strategy designed to capture massive M&A bridge financing and balance sheet restructuring opportunities in Q4.

DEAL FLOW ANALYSIS

Forensic analysis of the Bank of America deal history reveals a lender operating in a different weight class than most competitors, functioning effectively as a sovereign-scale capital provider.

  • Deal Size Range: The range is staggering, from a “small” $120M transaction to a massive $54B bridge loan. The typical decisive win is in the multi-billion dollar range.
  • Geographic Focus: Truly global but with strong domestic anchors. Wins were logged in Florida ($120M), Colorado ($3.5B), California ($54B), Illinois ($900M), and notably Abu Dhabi, UAE ($11B).
  • Industry Patterns: The “Primary Asset Focus” indicates a barbell approach: high-growth sectors (Tech/Entertainment) balanced against asset-heavy industries (Real Estate/Energy).
  • Loan Structures: They utilize “Credit Facility,” “Revolving,” and “Senior Secured” structures, but the presence of “Bridge Loans” and “Non-recourse” debt signals deep involvement in M&A and project finance.
  • Deal Purposes: The $54B Bridge Loan explicitly points to acquisition finance, while the Non-recourse loan suggests large-scale infrastructure or project development.
  • Transaction Velocity: Activity is sporadic but explosive. After a quiet mid-season marked by draws (Weeks 2-3, 5-11), they accelerated into the post-season.

Strategic Insight

  • Timing Intelligence: The explosive shift from a mid-season “Draw” streak (Weeks 5-11) to securing $65B+ in volume during the “Playoffs” reveals a “Quarter-End Closer” strategy, likely warehousing aggressively priced capital for year-end corporate balance sheet restructuring.

IDEAL BORROWER PROFILE

Based on Bank of America’s 2025 activity, the ideal borrower is a large-cap corporate entity or sovereign-backed project requiring capital at a scale few other institutions can provide.

FOR BORROWERS

  • The presence of “Bridge Loans” and “Non-recourse” structures in their win column indicates Bank of America is transaction-driven, not just relationship-driven; they will win deals based on structure (e.g., M&A support) rather than just rate.
  • Action: If seeking <$500M, structure your request as part of a larger syndication where Bank of America plays “Left Lead” to stroke their ego/league table status, rather than asking them to hold the whole ticket.
  • Timing: Align your capital event with Q4 (Year End). Their pattern of “Draws” mid-year followed by massive Playoff wins suggests this is when credit committee bandwidth and hunger for volume peak.

FOR BROKERS

  • The $11B UAE win proves Bank of America is one of the few domestic lenders with true cross-border appetite; use this to differentiate them for clients with heavy international capex needs.
  • Action: Do not bring them “story” deals under $100M. Pitch them strictly on Investment Grade or Near-IG credit where the sheer size of the facility ($500M+) is the primary hurdle.
  • Strategy: For clients with international operations, leverage Bank of America’s Global Treasury Services as the wedge; pitch the lending facility as a way to streamline their global cash management, which is a sticky hook BofA loves.

FOR RIVAL LENDERS

  • Bank of America’s heavy concentration on “Bridge” and “Senior Secured” suggests they are not aggressively pursuing mezzanine or unitranche positions, leaving the higher-yield, higher-leverage slice of the capital stack wide open.
  • Action: Against Bank of America on a $100M deal, concede the Senior Secured portion but aggressively pitch a “flexible delay draw” or “covenant-lite” structure that BofA’s regulatory constraints prohibit.
  • Defense: “Ghost” them on speed. Bank of America’s underwriting for a $100M deal likely takes as long as a $1B deal (60+ days). If you can close in 30, you win the borrower’s “need for certainty” despite BofA’s lower rate.

FOR ANALYSTS & FUNDS

  • The total volume of $93.44B across just 33 logged deals implies an average ticket size ($2.8B) that is divorcing from the general economy; this is capital concentrating at the very top of the pyramid.
  • Observation: Watch the syndication of the $54B bridge loan. If Bank of America struggles to sell this down in Q1/Q2 2026, it could trigger a liquidity freeze across the sector. If it clears easily, the M&A super-cycle is back.
  • Strategy: The $11B UAE deal suggests Emerging Market Infrastructure is becoming an accepted asset class for Tier 1 US bank balance sheets; look for opportunities to front-run this capital flow in construction/engineering equities with Middle East exposure.

STOP PITCHING BLIND. START WINNING WITH CUSTOMIZED MARKET INTELLIGENCE.

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