THE LENDER DRAFT MARCH MADNESS – FEB 4TH WEEK SCORES
ASSET-BASED LENDING MATCHUPS
#1 SouthStar Capital (74)✅: Provided a $750K accounts receivable financing facility for building materials supplier, Southeast Region, and provided an undisclosed invoice factoring facility for Architecture, Engineering, and Construction technology consulting firm
#11 First Business Bank (60): Didn’t close a deal this week
#12 USD.Ai (69): Didn’t close a deal this week
#6 Eldridge Capital Management (95)✅: Closed a $350M lease facility for acquisition of power generation equipment (natural gas reciprocating engine generators and modular turbines) for ProPetro Energy Solutions d/b/a PROPWR, Midland TX
#7 Baker Garrington (94)✅: Provided a $3M factoring facility for Colorado-based oilfield services company and provided a $1M factoring facility for Tulsa-based oilfield services company
#31 Gateway Trade Funding (78): Didn’t close a deal this week
#18 The Hedaya Capital Group (61): Didn’t close a deal this week
#19 Celtic Capital (69)✅: Provided a $2.25M accounts receivable line of credit for Pacific-based tools, hardware and safety equipment distributor
#16 Mitsubishi HC Capital (80)✅: Provided undisclosed inventory financing for LS Tractor dealer network throughout United States and Canada
#26 Amerisource Business Capital (72): Didn’t close a deal this week
#27 Avtech Capital (83): Didn’t close a deal this week
#5 Republic Business Credit (91)✅: Provided a $2M factoring facility (accordion up to $6M with $2M inventory lending option) for West Coast-based automotive parts supplier – holographic optics manufacturer
COMMERCIAL REAL ESTATE MATCHUPS
#19 Santander (60): Didn’t close a deal this week
#2 Goldman Sachs (79)✅: Co-originated a $900M revolving credit facility for The Macerich Partnership L.P.’s retail REIT portfolio alongside Deutsche Bank, JPMorgan Chase, BMO, TD Securities, and Morgan Stanley
#11 BMO/Bank of Montreal (92)✅: Co-originated a $900M revolving credit facility for The Macerich Partnership L.P.’s retail REIT portfolio alongside Deutsche Bank, JPMorgan Chase, Goldman Sachs, TD Securities, and Morgan Stanley
#4 JPMorgan Chase (89): Co-originated a $900M revolving credit facility for The Macerich Partnership L.P.’s retail REIT portfolio alongside Deutsche Bank, BMO, Goldman Sachs, TD Securities, and Morgan Stanley and provided a $55M tax equity investment for 33-story office-to-residential conversion (796 units), NYC
#14 ING Bank (99)✅: Closed a $394M construction loan (sole coordinating lead arranger) for 347 MWdc solar facility, Wharton County TX
#6 Bank of America (80): Didn’t close a deal this week
#15 Barclays (59): Didn’t close a deal this week
#7 Deutsche Bank (78)✅: Co-originated a $900M revolving credit facility (admin agent and collateral agent) for The Macerich Partnership L.P.’s retail REIT portfolio alongside JPMorgan Chase, Goldman Sachs, BMO, TD Securities, and Morgan Stanley
#25 Truist Bank (84)✅: Closed a $66M construction loan for 203-unit multifamily project, Port Chester NY
#28 Credit Agricole (69): Didn’t close a deal this week
#10 Bank OZK (49): Didn’t close a deal this week
#3 Morgan Stanley (99)✅: Co-originated a $900M revolving credit facility for The Macerich Partnership L.P.’s retail REIT portfolio alongside Deutsche Bank, JPMorgan Chase, Goldman Sachs, BMO, and TD Securities, closed a $331.2M CMBS loan for acquisition of 16 grocery-anchored retail properties (~1.9M SF) across Texas, and funded a $2B construction financing for Echelon Data Centres development pipeline, Dublin Ireland
#12 Greystone (75)✅: Closed a $52.6M USDA 538 construction-to-perm loan and syndicated $28.4M LIHTC equity for 640-unit affordable housing portfolio rehabilitation across 10 properties, rural North Carolina
#24 Barings (60): Didn’t close a deal this week
#16 Affinius Capital (89)✅: Closed a $110M acquisition loan for The Quaye at Palm Beach Gardens, 340-unit Class-A multifamily complex
Rialto Capital Management (70): Didn’t close a deal this week
#21 MonticelloAM (92)✅: Closed a $44M bridge loan for 420-unit, three-facility senior living portfolio across Illinois
Mavik Capital (80): Didn’t close a deal this week
#9 Nuveen (59): Didn’t close a deal this week
#22 PCCP (86)✅: Closed a $72M acquisition loan for seven-building industrial portfolio (~745K SF, 100% leased), Baltimore MSA and provided a $39.2M refinance for California Crossing, two-building industrial park (450K SF, 45% leased), San Diego
Madison Realty Capital (69): Didn’t close a deal this week
#5 Apollo Global Management (96)✅: Closed a $420M construction loan for office-to-residential conversion (796 units, 33-story tower), NYC alongside J.P. Morgan Chase
#13 Dwight Capital (79): Didn’t close a deal this week
#26 PGIM (105)✅: Closed a $383.4M refinance for 85-property grocery-anchored retail portfolio across Germany
GROWTH CAPITAL GAMES
#1 JPMorgan Chase(98)✅: Co-originated a $600M senior secured credit facility ($500M Term Loan B + $100M revolver) for Crescent Midstream, New Orleans LA alongside Royal Bank of Canada, SMBC, Mizuho, and Bank of Nova Scotia and closed a $100M credit facility for Archer Meat Snacks, Los Angeles CA
#4 PNC Bank (60): Didn’t close a deal this week
#11 ING Bank (71): Didn’t close a deal this week
#17 SMBC (88)✅: Co-originated a $600M senior secured credit facility ($500M Term Loan B + $100M revolver) for Crescent Midstream, New Orleans LA alongside Royal Bank of Canada, JPMorgan Chase, Mizuho, and Bank of Nova Scotia
#16 Royal Bank of Canada (101)✅: Co-originated a $600M senior secured credit facility ($500M Term Loan B + $100M revolver) for Crescent Midstream, New Orleans LA alongside JPMorgan Chase, SMBC, Mizuho, and Bank of Nova Scotia
#21 ICBC (82): Didn’t close a deal this week
#15 Monroe Capital (72)✅: Closed an undisclosed senior credit facility for WGI, West Palm Beach FL supporting First Reserve’s acquisition
Barings (60): Didn’t close a deal this week