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Encina Lender Finance Provides Swift Lending with $30MM Senior Credit Facility

July 07, 2022, 07:18 AM
Filed Under: Finance News

Swift Lending, a national private commercial real estate lender, announced plans to expand its lending efforts through a senior credit facility provided by Encina Lender Finance.

Swift provides bridge loans to qualified real estate investors active in the residential real estate marketplace. Swift is led by partners Steven Bettinger and Jim Terlizzi.

"Establishing a relationship with a top specialty finance lender such as Encina is a very important step in the growth of our business," said Swift’s Partner Steven Bettinger. "The new capital raised through Encina will help us expand market share and take advantage of heightened demand for real estate financing solutions in various markets."

Dan Avnir, Managing Director at Encina Lender Finance, said, “I’ve had the pleasure of working with both Bettinger and Terlizzi in the past and welcome the opportunity to partner with these two sophisticated and institutional grade entrepreneurs again. My team is excited to provide a flexible credit solution that will enable Swift to expand upon its proven strategy.”

Encina Lender Finance (ELF) offers revolving lines of credit and term loans ranging in size from $10 million to $50 million to specialty finance companies (sponsored and non-sponsored) across a wide range of consumer and commercial asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to own consumer leasing, unsecured consumer lending and specialized student lending. ELF’s customers use financing proceeds primarily to fund the origination of new finance contracts and to refinance existing debt, and ELF’s loans are secured by portfolios of notes, loans and/or leases.

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