NEW YORK, June 9, 2016 /PRNewswire/ -- Liberty SBF, a leading commercial real estate lending company, today announced that it has received $75MM in its Series B round of funding led by Exigent Capital and Mainline Investment Partners, among other private investments. In conjunction with the equity raise, Liberty SBF has expanded credit facilities with Capital One Bank.
Congress recently passed legislation to permanently reinstate the SBA 504 Refinance Program. When this program begins, later this month, it will help to refinance some of the almost $1 trillion in commercial mortgage debt predicted to mature over the next three years, exponentially expanding the market for 504 loans. Liberty SBF plans to capture a significant volume of the refinance wave through its National First Lien SBA 504 Wholesale Program.
"Liberty SBF expects to originate over $200MM in 504 loans in the next 12 months on asset types that range from industrial and self-storage facilities to hotels among others," said Alex Cohen, Chief Executive Officer, Liberty SBF. "By increasing our already substantial nationwide network we will help serve more small businesses seeking commercial property financing."
By revitalizing and transforming the 504 market, Liberty SBF is filling an exceedingly large void in secondary market lending with its National First Lien SBA 504 Wholesale Program. Liberty SBF will partner with approved banks, non-bank lenders and other SBA loan intermediaries to originate 504 loans across the country and can pay up to 4 points of premium to its partners.
"We're excited to invest directly in a platform that is revolutionizing the commercial real estate lending business," said Elie Brender, Chief Investment Officer, Exigent Alternative Capital. "Liberty SBF's lending focus and existing portfolio presents a compelling opportunity that is consistent with our investment strategy."
Liberty SBF also services the loans in its own portfolio and will introduce a third party loan servicing platform to banks and credit unions later this year. With the increase in demand from commercial mortgages maturing, Liberty SBF will be able to provide the highest level of service and loan support to small businesses nationwide.
About Liberty SBF
Liberty SBF has built one of the most innovative commercial lending and servicing platforms in the SBA industry. Liberty provides short term and permanent financing for owner occupied commercial real estate and provides third party servicing and capital markets services to its bank and credit union partners. Liberty SBF is financed by some of the nation's leading private equity firms, including EBF & Associates, Exigent Alternative Capital, Napier Park Global Capital, and Mainline Investment Partners. For more information about Liberty SBF and its lending, servicing and investment platforms, please visit www.LibertySBF.com.
About Capital One
Capital One Financial Corporation (www.capitalone.com) is a financial holding company whose subsidiaries, which include Capital One, N.A., and Capital One Bank (USA), N.A., had $221.8 billion in deposits and $330.3 billion in total assets as of March 31, 2016. Headquartered in McLean, Virginia, Capital One offers a broad spectrum of financial products and services to consumers, small businesses and commercial clients through a variety of channels. Capital One, N.A. has branches located primarily in New York, New Jersey, Texas, Louisiana, Maryland, Virginia and the District of Columbia. A Fortune 500 company, Capital One trades on the New York Stock Exchange under the symbol "COF" and is included in the S&P 100 index.
About Exigent Capital
Exigent is a boutique multi-strategy investments manager. We operate multiple hedge funds in liquid markets, as well as vehicles for private equity and venture capital investments.
Exigent is a Registered Investment Advisor with the SEC. http://www.exigent.capital
About Mainline Investment Partners
MainLine Investment Partners is a family of companies providing investment advice and portfolio management services to individuals, businesses, and institutions. Our areas of expertise include private equity, real estate and personal financial advisory services. http://mainlineco.com
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SOURCE Liberty SBF