Sterling National Bank’s Asset Based Lending Group provided senior secured credit facilities totaling $9,000,000 to National Capital Management, L.P. (“NCM”) an affiliate of Frankel Financial Corp. The credit facilities will provide financing to support NCM’s business operations going forward.
Founded in 2002 and headquartered in Fort Washington, PA, NCM provides real estate secured bridge loan financing to commercial businesses for which conventional bank financing is not available.
This transaction was originated by Ken Frank, a Managing Director located in Sterling’s Philadelphia, PA, office.
*now known as Webster Bank as successor by merger.
Senior Secured Credit Facilities
$9,000,000
Webster Bank provides asset based loans to mid-sized companies operating across a wide range of industries. Sterling’s Asset Based Lending Group offers a variety of flexible financing options through a combination of revolving lines of credit and term loans, employing funds from $5 million to $40 million*. Learn more about Asset-Based Lending.
*Statements are not a commitment to lend and are subject to specific borrower qualifications as well as underwriting.
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