TSL Express Daily News
The Secured Lender
SFNet's 80th Annual Convention Issue
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Top 5 Apps for Organizing
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The Importance of Stretching
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SFNet's 40 Under 40 Award Winners Panel Recap
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SFNet's Inaugural YoPro Leadership Summit
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It’s a Marathon, Not a Sprint
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It’s Not Too Late – Five Member Benefits to Cash In On Now
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It’s Time To Break Up With Your Phone
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Lien Management – What You Need to Know
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Potential Impacts of Blockchain on Commercial Lending
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How to be a Good Leader
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Fintech and Due Diligence – Disruptors and Established Firms Evolve
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A Commercial Banker’s Tickler Transition Plan
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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
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The Lost Art of the Loan Purchase
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Audit Prep: Why a Paperless Approach Makes Sense
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Back Office Support Services: Helping you approve more clients
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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?
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October 22, 2024
Source: LBC Credit Partners
RADNOR, PA, October 22, 2024 – LBC Credit Partners (“LBC”), one of the leading providers of financing solutions to middle market companies, provided a senior secured credit facility to support O2 Investment Partners, LP’s (“O2”) partnership with Centex Construction (“Centex” or the “Company”) and its founders Mark Whitehead, Mark Herbert, and David Borne. The financing will support the Company’s rapid growth.
LBC served as Agent and Sole Lead Arranger for the senior secured credit facility.
Headquartered in Tomball, TX, and founded in 2016, Centex Construction is a provider of renovation, restoration, and maintenance services for existing, largescale multi-family property managers and owners. The Company’s operations span eight states across the Southeast and Southwest United States. Centex offers a comprehensive suite of services, including immediate maintenance repair, exterior renovations, roofing, restoration and rebuild, interior renovations, and amenity upgrades, among other services. Centex completes thousands of jobs annually with many of the largest nationally recognized property managers and owners in the United States.
O2 is a Midwestern-based private equity firm that seeks to invest in lower middle market B2B services, technology, and select industrial companies. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.
About LBC Credit Partners
LBC Credit Partners provides middle market financing solutions supporting sponsored and non-sponsored transactions throughout the U.S. across a broad range of industries. LBC has provided in excess of $10.9 billion throughout our 19-year history.* In December 2021, CIFC acquired LBC Credit Partners, expanding its alternative global credit platform into the private credit market. With the acquisition, CIFC currently manages over $43+ billion in assets and employs more than 200 professionals in the U.S. and Europe.* To learn more, visit www.cifc.com or www.lbccredit.com.
LBC Offices: Philadelphia area (HQ), Chicago
LBC Originations Offices: Atlanta, Cleveland, Los Angeles
*Information as of June 30, 2024