RainStar Capital Group, a Michigan-based national debt advisory firm, announced it had promoted Managing Director Tom Kessel to the role of Team Leader of the Middle Market lending division.
RainStar Capital Group led by CEO Kurt Nederveld said, "We are excited to promote Tom to this role. His over 30 years of experience has given him a strong background in middle market banking and has prepared him well to lead our team focused on serving lower and middle market clients. His team will focus on providing clients financing vehicles that either replace or supplement a client’s current credit facilities.”
“I’m excited to have the opportunity to oversee and grow our middle market business at RainStar,” said Kessel. “With banks pulling back from commercial lending, the private capital markets are well-positioned to serve the middle market space. We have been very active in fulfilling client engagements to source needed credit facilities. The team’s current engagements include needs for asset-backed working capital credit facilities, purchase order financing, equipment financing, real estate bridge and term loans, and Lender Finance facilities. In addition to these more traditional financing vehicles, it also arranges non-standard financing solutions such as stand-alone inventory financing, payroll financing, accounts payable financing, financing for equipment based in Mexico as well as mezzanine and subordinated debt solutions.”
Kessel said, “We have also been successful in continuing to build our team. We recently added Managing Director Patrick Dunphy and Associate Eesh Dadheech to the Middle Market team along with current RainStar Managing Director Edward De Los Angeles. We are well-positioned to expand our support of clients across our commercial product lines.”
RainStar Capital Group is a national debt advisory firm that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions through its lending platform of 250 registered lenders. The firm operates a national platform with representation across the USA. RainStar noted it is providing growth capital to clients seeking commercial real estate, corporate finance, equipment, and working capital solutions. RainStar continues to grow its internal team of Managing Directors with a focus on hiring middle market commercial bankers and capital market professionals.