TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
Mar 7, 2019If you’re like most of us, we try to stay organized in business and life, but it gets increasingly complicated…
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The Importance of Stretching
Mar 7, 2019Every personal trainer and athletic coach I have ever worked with has stressed the importance of stretching. When working out…
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SFNet's 40 Under 40 Award Winners Panel Recap
Mar 6, 2019Moderator: Samantha Alexander, regional underwriting manager, Wells Fargo Capital Finance’s Corporate Asset Based Lending group and 2016 CFA 40 Under…
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SFNet's Inaugural YoPro Leadership Summit
Mar 6, 2019The Secured Finance Network brought together the next generation of commercial finance leaders for a full day of learning and…
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It’s a Marathon, Not a Sprint
Aug 22, 2018I was recently invited to participate in an executive panel to answer questions from a credit training class comprised of...
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It’s Not Too Late – Five Member Benefits to Cash In On Now
Aug 1, 2018As we hit the half way mark on calendar year 2018, it is a good time to take stock and…
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It’s Time To Break Up With Your Phone
Jul 18, 2018Do I have your attention? Let’s be honest here: do you have the attention span to read this article? Compared…
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Lien Management – What You Need to Know
Jun 6, 2018UCC filing is the cornerstone of all loans and every lien portfolio...
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Potential Impacts of Blockchain on Commercial Lending
Jan 15, 2018By Raja Sengupta, Executive Vice President and General Manager, Wolters Kluwer’s Lien Solutions When it comes to the rising importance…
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How to be a Good Leader
Dec 5, 2017I know what you’re thinking…another article about how to be a good leader? The short answer is yes…but this time,…
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
Oct 30, 2017The fintech sector has gone through a number of manifestations in the past two decades.
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A Commercial Banker’s Tickler Transition Plan
Oct 18, 2017Just do a keyword search for “bank tickler,” and you’ll quickly realize that banks are still heavily reliant on manual…
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Understanding and Developing Your Personal Brand: Four Steps to a More Intentional Career Progression
Sep 5, 2017It is imperative for individuals to have a general idea about their future career aspirations, just as companies should have clearly defined strategies.
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Selecting a Technology Vendor: 3 Questions to Ask
Jul 5, 2017As with anything else at your bank, selecting a technology vendor can be a challenging decision. Users from across different…
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Why Back-Office Lending Automation Enhances Customer Satisfaction
Apr 25, 2017Every bank strives to keep its customers happy. Of course, some institutions are better at achieving this goal than…
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The Lost Art of the Loan Purchase
Mar 2, 2017Purchasing a loan directly from a bank whether at par or discount is a not-often-used technique that is easily…
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Audit Prep: Why a Paperless Approach Makes Sense
Feb 15, 2017How much time does your financial institution spend preparing for audits? We recently surveyed 187 community banks, and the results…
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Back Office Support Services: Helping you approve more clients
Feb 7, 2017How many times have you come across a potential client who’s financials are either not up to date, not accurate,…
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“All Assets” is the Key When Drafting UCC-1 Financing Statement Collateral Descriptions
Jan 30, 2017Even when prepared by outside or in-house counsel, many lenders pay close attention to draft UCC financing statements before they…
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Paper Loan Files: Does Your Bank Know the True Cost?
Jan 12, 2017Sure, there’s a tangible cost associated with deploying an electronic loan imaging system. Software, support, and scanning hardware are just…
October 16, 2024
Source: Garnet Capital Advisors
Garnet Capital Advisors, a leading loan sale advisor, is pleased to announce the successful sale of a $14 million MCA portfolio on behalf of a top Alternative Investment Manager.
Garnet created a market for the tail piece of a run-off portfolio, helping the client close out its investment in the MCA company. The portfolio included over 500 accounts which were a mix of performing and non-performing accounts and pooled accordingly. "Garnet marketed the portfolio to both strategic and financial buyers, resulting in a closing of this non-core investment on the timeline and terms desired by the Seller," said Cliff Bargeron, Managing Director of Garnet.
Garnet Capital is a 29-person, New York-based boutique firm focused on loan sale advisory. The firm is celebrating its 20th anniversary in 2024 and in that time has completed over 1,800 transactions with a UPB of over $144 billion. Garnet’s commercial experience includes 160 transactions for approximately $10 billion UPB. During the first half of this year, Garnet completed 110 transactions with a total UPB of $2.5 billion and $1.1 billion invested.
Garnet created a market for the tail piece of a run-off portfolio, helping the client close out its investment in the MCA company. The portfolio included over 500 accounts which were a mix of performing and non-performing accounts and pooled accordingly. "Garnet marketed the portfolio to both strategic and financial buyers, resulting in a closing of this non-core investment on the timeline and terms desired by the Seller," said Cliff Bargeron, Managing Director of Garnet.
Garnet Capital is a 29-person, New York-based boutique firm focused on loan sale advisory. The firm is celebrating its 20th anniversary in 2024 and in that time has completed over 1,800 transactions with a UPB of over $144 billion. Garnet’s commercial experience includes 160 transactions for approximately $10 billion UPB. During the first half of this year, Garnet completed 110 transactions with a total UPB of $2.5 billion and $1.1 billion invested.