TORONTO, May 30, 2018 /CNW/ – Bridging Finance Inc. (“Bridging Finance”) announces a sample of deals made in 2018. “We are very pleased with a successful start to 2018 having provided over $140MM in new commitments across the country,” said David Sharpe, CEO of Bridging Finance.
Bridging has recently expanded its offering with the launch of three additional funds: Bridging Mid-Market Debt Fund, focusing on mid-market companies with a need for longer-term financing as an alternative to lower their cost of capital; Bridging Infrastructure Fund, focusing on providing debt capital for infrastructure assets in the cannabis space; and Bridging Real Estate Fund, focusing on underserved borrowers in the real estate space.
“The addition of these products will complement Bridging’s existing offering and will support the growth of Bridging Finance as a preeminent private debt lender,” said Sharpe.
About Bridging Finance Inc.
Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3,000,000 to $50,000,000 and higher, are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the co-manager of the Ninepoint Bridging Income Fund LP and the manager of the Bridging Mid-Market Debt Fund LP, Bridging Infrastructure Fund LP, and Bridging Real Estate Lending Fund LP. Bridging Finance also offers portfolio management services for institutional and family office clients. Bridging Finance’s total assets under management are over $900 million.