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TCF Capital Provides Financing for Milestone Partners Acquisition of eCommission

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Date: Sep 15, 2014 @ 06:00 AM
Filed Under: Industry News

TCF Capital Funding ("TCFCF"), announced that it provided $13 million of secured financing to support the acquisition of eCommission Financial Services, Inc. (“eCommission” or the “Company”) by Pennsylvania-based private equity firm, Milestone Partners.
 
eCommission is the most established company in the real estate commission factoring industry.  eCommission purchases commissions from real estate agents and brokers to help them better manage their business cash flow.   eCommission enjoys alliance partnerships with most major national real estate brands and provides its services throughout the United States. 

“Given Milestone’s experience in financial services and eCommission’s leading position in this space, we are thrilled to support the continued growth of the Company,” said TCF Capital Funding Senior Vice President Jim Kuncl.



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