email, from realtor.com and, Home buyers reveal: 'What I wish I had known before buying my first home', Selling your home? Prior to joiningMountain Ridge, Jaywas a Senior Originator with First Merchants Bank and during the 15 years before that, was a highly valued contributor at Stonegate Capital and Wells Fargo. Prior to joiningMountain Ridge, Jaywas a Senior Originator with First Merchants Bank and during the 15 years before that, was a highly valued contributor at Stonegate Capital and Wells Fargo. Find people you know at Mountain Ridge Capital, https://mountainridgecap.com/mountain-ridge-team/. In 2010 I was a founding investor and credit committee member at Northfield Capital, which was sold to Solar. As non-bank senior debt lenders, Mountain Ridge and Great Rock were able to provide significantly higher availability and more overall flexibility than the previous bank arrangement. The material on this site may "Our unique approach to stressed and unstressed situations alike position us at an exciting and growing place in today's lending market.". MRC offers borrowers quick turnaround times and has a team of experts that understand all types of collateral, not just traditional A/R and inventory, which results in higher advance rates and more overall liquidity as compared to many traditional banks products. About HOP Energy, LLCHeadquartered in White Plains, NY, HOP Energy is a leading distributor of heating oil, propane and other petroleum products and a premier provider of HVAC and other related services in nine states in the Northeast and Mid-Atlantic. It was co-founded by me in conjunction with a public holding company in Canada called Westaim, that also has a controlling interest in a property casualty insurance company called Skyward Specialty. As borrowers get more and more stressed, that creates opportunities for us to provide more liquidity than they may have otherwise gotten, and to provide them more runway. We're not afraid of restructurings, turnarounds and special situations. The new financing will also provide additional liquidity to support the future growth expectations of the business. update to your home value. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! Mountain Ridge Capital and Great Rock Capital jointly announced the closing of a senior secured credit facility for HOP Energy, LLC ("HOP"). Mountain Ridge Capital would like to congratulateTree Buckingham, Executive Vice President of Operations, on her feature in ABF Journal 2023 Top Women in Asset-Based Lending. The Mountain Ridge platform was created in partnership with Arena Investors, LP (www.arenaco.com) in response to the growing demand for non-bank debt financing, which can be secured without unnecessarily slow and cumbersome bank committees, extended due diligence cycles, or lengthy legal processes. New York, New York, United States 1-10 www.mountainridgecap.com/ 42,042 Highlights Investments 1 Exits 1 Contacts 6 Similar Companies 10 Discover more funding rounds Find More Contacts for Mountain Ridge Capital With this opportunity, its great to get back into the ABL space. Calendar, Author Strategically backed with equity from Arena Investors, LP ("Arena Investors"), Mountain Ridge Capital is focused on originating, underwriting and managing asset-based commercial loans from $5 million to $30 million in commitment size. FRISCO, Texas, Jan. 30, 2023 /PRNewswire/ -- Mountain Ridge Capital ("Mountain Ridge") and Great Rock Capital ("Great Rock"), today jointly announced the closing of a senior secured credit. The Mountain Ridge team has a strong history of building relationships, including company executives, investment bankers, turnaround consultants, other lenders and private equity groups, and if there are potential opportunities to explore, we welcome the opportunity to engage. Learn more in our Cookie Policy. We have two business development officers on board including Bill Drmacich who was formerly with Ares and is located in Atlanta, and Jay Fabian who will be joining us in mid-August covering the Midwest and west region. Mountain Ridge Capital, an asset-based commercial finance company, officially launched. I was one of the final GE Capital employees to leaveor as they say in sitcoms, turn off the lights.After GE Capital I worked for L Catterton for four years, which is a private equity firm based in Connecticut where I was able to view companies from an ownership perspective. Mountain Ridge Capital Selects Solifi ABL to Accelerate Growth Mountain Ridge Capital Launches Commercial Finance Business We're focused on originating and underwriting customized ABL revolvers and term loans within the lower-middle market. Mountain Ridge Capital and Great Rock Capital Team Up to Provide $75 As for geographical coverage, the U.S. and Canada are all in scope. 8 myths about renting you should stop believing immediately, 6 ways home buyers mess up getting a mortgage, 6 reasons you should never buy or sell a home without an agent, Difference between agent, broker & Realtor, Real estate agents reveal the toughest home buyers they've ever met, Do Not Sell or Share My Personal Information. Claire McNamara joins us as our newest mountaineer and will serve as an Associate of Portfolio and Underwriting. Join to see who you already know at Mountain Ridge Capital. In other words, any collateral with value that can be easily monetized.We are focusing on refinances as well as event driven financing opportunities where the borrower is growing and needs working capital commitments that are above and beyond their current working capital providers capabilities, or when the current lender has fatigue and asked them to find a new lending partner. number you provided, including marketing by autodialer and prerecorded and artificial voice, and We'll lend against collateral wherever we can get a perfected security interest. NEW YORK, June 23, 2022 /PRNewswire/ -- Mountain Ridge Capital ("MRC"), an asset-based commercial finance company, announced its official launch. ABL Advisor: Please tell us about the team you are assembling credit, operations, business development, portfolio management, etc.Winslow: In May we hired Katrina Buckingham (she is more commonly known as Tree Buckingham), as our EVP of Operations. Under the leadership of Tree Buckingham Kristins role will focus on the intersection of operational efficiency, tech stack interoperability, and team leadership. Contact:Mountain Ridge CapitalBill Drmacich [emailprotected]. Michael Carlson - Director - Mountain Ridge Capital - Apollo.io ABL Advisor met with Craig Winslow, the newly named President and Chief Credit Officer of MRC and Dan Zwirn, CEO and CIO of Arena Investors to learn more about this new non-bank lender and their strategy to differentiate themselves from on the asset-based lending playing field.ABL Advisor: Craig, please tell us a bit about the Mountain Ridge Capital asset-based lending model more specifically targeted markets, transaction sizes, transaction structures and credit profiles. Some businesses are choosing to work with financial professionals, such as asset-based lenders, to improve their liquidity position for the short and long term. To learn more, visit, Capital is a lower middle market private equity firm specializing in management. I have been in the ABL space most of my career. from 8 AM - 9 PM ET. We are already starting to see cracks in bank portfolios. MRC will consider advancing against all types of collateral and is equally comfortable lending into stressed and unstressed situations. View original content:https://www.prnewswire.com/news-releases/mountain-ridge-capital-announces-new-executive-hires-301596800.html, https://www.prnewswire.com/news-releases/mountain-ridge-capital-announces-new-executive-hires-301596800.html, Ukrainian drones attack Moscow, no casualties - TASS, citing mayor, West African leaders meet over Niger coup, junta warns against intervention, Energy minister says confident Ukraine will keep lights on this winter, UPDATE 1-Putin says Russia does not reject talks with Ukraine, Musk's X social media platform reinstates Kanye West's account. This article is about the geography and geology concept. Limitations on the dimensions of a ridge are lacking. We understand the value of assets and we understand what those assets are worth even if we need to sell them in a worst-case scenario. Daniel Williams has spent a majority of his 25-year career serving the financing needs of middle market companies. "Mountain Ridge Capital is thrilled to begin this journey, with the support from Arena Investors, as a customer-focused asset-based lender," explained Winslow. FRISCO, Texas, May 1, 2023 /PRNewswire/ -- Mountain Ridge Capital ("Mountain Ridge") today announced the closing of a senior secured credit facility for a southeast commercial bakery operation. Select Accept to consent or Reject to decline non-essential cookies for this use. A ridge can occur as either an isolated, independent feature or part of a larger geomorphological and/or structural feature. A mountain ridge in Japan A strike ridge within the Appalachian Mountains. Mountain Ridge targets lending to privately-held, family-owned and private equity-backed businesses requiring liquidity to support business transitions, including turnarounds, restructuring, acquisitions and changes in ownership or control. Ridge - Wikipedia Mountain Ridge Capital Company Profile: Financings & Team | PitchBook In June, Mountain Ridge Capital ("MRC"), an asset-based commercial finance company, announced its official launch. Strategically backed with equity from Arena Investors, LP, Mountain Ridge Capital is focused on originating, underwriting and managing asset-based commercial loans from $5 million to $30 million in commitment size. from 8 AM - 9 PM ET. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. Where will your headquarters be located?Winslow: Our headquarters is in Texas. , . Mitheridge is an alternative investment firm. A lot of our competitors may have very limited equity at their disposal. We also have a controlled special servicer named Quester Advisors out of Jacksonville with satellite offices in Dublin, Singapore and Bangalore. The new credit facility, consisting of a $3 million revolving line of credit and a $3 million term loan, refinanced a national commercial bank. By proceeding, you consent to receive calls and texts at the He comes to MRC with deep domain expertise in asset-based lending and a proven track record with over 23. August 02, 2022, 08:05 AM Filed Under: Personnel Announcements Related: Craig Winslow, Mountain Ridge Capital Mountain Ridge Capital announced the hiring of Bill Drmacich and Jay Fabian as Managing Directors of Business Development. That was very different as you think about security in a very different way than you do as a senior lender. Mountain Ridge Capital provides highly customized asset-based revolvers and term loans to middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral. Bill is a member of the Association for Corporate Growth, the Turnaround Management Association and the Secured Finance Network. ", Will DeBruyn, Partner of Delos Capital remarked, "We are pleased to have two exceptional new partners to aid in our plans to grow HOP over the coming years, which would not have been achievable without the thoughtful perspectives that Mountain Ridge and Great Rock brought to the company and its capital structure.". We will also have a lender financial facility in place, but if there's a transaction or risk appetite that we like, we have access to enormous amounts of capital to put to work in those situations. Prior to joining Mountain Ridge, Bill spent time at some of the best lending institutions in the country, including HSBC, GMAC, CIT, and most recently at Ares. Having the right partner that understands the market and understands what a lending platform is and how it operates is important.Mountain Ridge's access to capital is a huge competitive advantage. , . MRC will consider advancing against all types of collateral and is equally comfortable lending into stressed and unstressed situations. Trevor is a creative and entrepreneurial individual, whose experience has centered around the lower middle market, often bringing the first institutional capital to these companies. Mountain Ridge seeks to provide creative asset-based financing solutions that commercial banks do not wish to provide or cannot provide. Cision Distribution 888-776-0942 MountainRidge Capital Investor Profile: Portfolio & Exits | PitchBook With the addition of Bill Drmacich & Jay Fabian, we have laid the cornerstones of a world class originations team". By signing up you agree to receive content from us. Zwirn: We have about 40 what we'll call joint ventures around the world. Why do you feel good about the middle market? , , , , , , Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Mountain Ridge Capital Selects Solifi ABL to Accelerate Growth About Solifi. "I am very excited to be part of a new team launching into what should be an interesting financing market over the next 12 months or so," said Bill. View 30 photos for 301 Mountain Ridge Ct, Berlin, PA 15530, a 3 bed, 3 bath, 2,118 Sq. Drmacich and Fabian Join Mountain Ridge Capital as Managing Directors We'll lend on collateral in all those jurisdictions. See www.arenaco.comfor more information. Your Company Listed, Submit Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. A ridge is a long, narrow, elevated geomorphologic landform, structural feature, or combination of both separated from the surrounding terrain by steep sides. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. #talent #underwriting #portfolio #assetbasedlending. PLANO, Texas, June 6, 2023 /PRNewswire/ -- Mountain Ridge Capital (www.mountainridgecap.com), an asset-based commercial finance company, announced the hiring of Daniel Williams as a Managing Director of Business Development covering the Northeast region. Home - Mountain Ridge Capital But at the same time, we can operate on a case-by-case basis at a level much lower than global funding giants. Craig Winslow, President & Chief Credit Officer said, "Our mission is to be a lender to middle market businesses that value speed, sophistication and flexibility. Jay Fabian said, "I am thrilled to join theMountain Ridge team and the opportunity to get back into private credit and to work with an experienced and creative team that is focused on being a differentiated partner for its clients is one that fits squarely with my long-term career objectives.". Another great talent joins our team at Mountain Ridge Capital. About Mountain Ridge CapitalMountain Ridge Capital provides highly customized asset-based revolvers and term loans to middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral. 301 Mountain Ridge Ct, Berlin, PA 15530 | realtor.com Mountain Ridge Capital asset-based lenders Providing highly customized revolver, term loan and other financial solutions to lower mid-market businesses Mountain Ridge Capital is a nimble, relationship-focused lender offering liquidity to businesses in any industry and for a multitude of purposes. Mountain Ridge targets lending to privately-held, family-owned and private equity-backed businesses requiring liquidity to support business transitions, including turnarounds, restructuring, acquisitions and changes in ownership or control. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz- und Cookie-Einstellungen oder Datenschutz-Dashboard klicken. We'll consider most industries as we are industry agnostic. "We have a very solid core team and substantial equity backing essential ingredients with which to enter the financing market and make a difference for our target borrowers. They may be funded by family offices for example, and they rely heavily on lender finance facilities to provide most of the capital they can lend. "The credit facility we executed with our lending partner, Mountain Ridge, maximizes the liquidity available to HOP and will provide them with the increased financial flexibility to support their future growth initiatives. As a non-bank senior debt lender, Mountain Ridge was able to provide significantly higher availability and more overall flexibility than the previous bank arrangement. It was also an important part of my decision to come on board. Overall, we are looking for two or three years of history so that we know we have a business model that is predictable and sustainable.ABL Advisor: Will Mountain Ridge Capital participate in transactions that you do not originate?Winslow: With the right partners, absolutely. As it pertains to collateral, we will underwrite all collateral types, which I believe makes us a bit different. Mountain Ridge will serve as the Administrative Agent. Michael Carlson - Director - Mountain Ridge Capital | LinkedIn Sign up to get PRNs top stories and curated news delivered to your inbox weekly! "His strong relationships and deep . The Mountain Ridge platform was created in partnership with Arena Investors, LP (. ) Summary. #assetbasedlending #commercialfinance, Mountain Ridge Capital is proud to announce our newest deal closing. Mountain Ridge Capital, Great Rock Capital Provide $75MM Revolving A ridge is a long, narrow, elevated geomorphologic landform, structural feature, or combination of both separated from the surrounding terrain by steep sides. Michael Carlsonjoins Mountain Ridge Capital as our newest colleague committed to providing creative asset-based financing solutions and will serve as Director Business Development covering the Rocky Mountain Pacific Northwest region. Company News. Mountain Ridge Capital, an asset-based commercial finance company, hired Bill Drmacich and Jay Fabian as managing directors of business development. Sign up to get PRNs top stories and curated news delivered to your inbox weekly! When typing in this field, a list of search results will appear and be automatically updated as you type. The firm brings individuals with decades of experience, a track record of comfort with complexity, the ability to deliver within time constraints, and the flexibility to engage in transactions that cannot be addressed by banks and other conventional financial institutions. LinkedIn and 3rd parties use essential and non-essential cookies to provide, secure, analyze and improve our Services, and (except on the iOS app) to show you relevant ads (including professional and job ads) on and off LinkedIn. Her previous experience as a Senior Field Examiner will add value to our team's portfolio servicing and underwriting processes. We value her contributions and her commitment to our organization. Mountain Ridge Capital provides highly customized asset-based revolver and term loans to lower middle-market businesses and utilizes an industry agnostic approach to consider advancing against all types of collateral. About Delos CapitalDelos Capital is a lower middle market private equity firm specializing in management buyouts, recapitalizations, and growth investments. Mountain Ridge Capital ("MRC") is a nimble, relationship-focused lender offering liquidity to businesses in any industry and for a multitude of purposes. The groups and their subgroups are not mutually exclusive; landforms, including ridges, can belong to multiple subgroups. Today Mountain Ridge Capital is thrilled to announce the newest talent joining our team. Prior to joining Mountain Ridge, Bill spent time at some of the best lending institutions in the country, including HSBC, GMAC, CIT, and most recently at Ares. See www.mountainridgecap.com for more information. 2 min read FRISCO, Texas, May 1, 2023 /PRNewswire/ -- Mountain Ridge Capital ("Mountain Ridge") today announced the closing of a senior secured credit facility for a. Don't neglect these 6 maintenance tasks - or else, Debunked! Equipment Finance Advisor, Inc. All rights reserved. Claim your home and get an email whenever there's an not be reproduced, distributed, transmitted, cached or otherwise used without written In instances where the nature of the collateral we're aggregating is more heterogeneous, we'll tend to do a joint venture of sorts. With $3.5 billion of invested and committed assets under management as of April 2, 2022, and a team of over 100 employees in offices globally, Arena provides creative solutions for those seeking capital in special situations. MOUNTAIN RIDGE CAPITAL ANNOUNCES NEW EXECUTIVE HIRES - PR Newswire Additionally, if an acquisition or divestiture is part of a transaction, we can help finance that as well.From an underwriting perspective, we cover the entire credit spectrum. 312 Mountain Ridge Ct, Berlin, PA 15530 is for sale. Backed with equity from Arena Investors, Mountain Ridge Capital will focus on originating, underwriting and managing asset-based commercial loans from $5 million to $30 million in commitment size. Mountain Ridge Capital will provide asset-based revolver and term loans to lower middle-market businesses and utilize an industry-agnostic approach to consider advancing against all types of collateral. ABL Advisor: Craig, what attracted you personally to this opportunity?Winslow: The first 23 years of my career I was at GE Capital where I started as a field examiner. FRISCO, Texas, May 1, 2023 FRISCO, Texas, May 1, 2023 /PRNewswire/ -- Mountain Ridge Capital ("Mountain Ridge") today announced the closing of a senior secured credit facility for a southeast. in response to the growing demand for non-bank debt financing, which can be secured without unnecessarily slow and cumbersome bank committees, extended due diligence cycles, or lengthy legal processes. The bank was running out of patience with a business that was changing and the private owners are relieved to be away from the pressure of their lender.". An example of ridge classification is that of Schoeneberger and Wysocki,[4] which provides a relatively simple and straightforward system that is used by the USA National Cooperative Soil Survey Program to classify ridges and other landforms. We are pleased to have accomplished all these objectives with this deal. #middlemarket#liquidity#workingcapital#growthcapital#assetbasedlending #nonbank #flexiblefinancing Please see contact details below. They can be defined and classified on the basis of a variety of factors including either genesis, morphology, composition, statistical analysis of remote sensing data, or some combinations of these factors. These are great opportunities for us to provide fresh capital and take a new look at a borrowers situation. Mit Ihrer Anmeldung erklren Sie sich damit einverstanden, Inhalte von uns zu erhalten. ", Jayis responsible for the Mid-west & West regions. Craig Winslow will lead Mountain Ridge Capital as President and Chief Credit Officer. Prior to joining Mountain Ridge, Dan spent time at GE Capital, Fleet/BankBoston, BNP Paribas, B Riley Financial and most recently Eclipse Business Capital. Equitrans Midstream, operator of the Mountain Valley Pipeline, has faced significant delays and cost overruns in the construction of the pipeline. In this classification, ridges are found in the Aeolian, Coastal Marine and Estuarine, Lacustrine, Glacial, Volcanic and Hydrothermal, Tectonic and Structural, Slope, and Erosional subgroups.[4]. Mountain Ridge Capital ("MRC") is a nimble, relationship-focused lender offering liquidity to businesses in any industry and for a multitude of purposes. When the economy is doing well and the banks are lending at lower rates with aggressive structures, it's hard for us to compete with our ABL structures.
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