Oak Street Funding Lands $50 Million Credit Facility

March 29, 2005

Carmel, Ind.-based agency lender Oak Street Funding has closed a $50 million syndicated bank group credit facility, led by JP Morgan Chase Bank.

Oak Street Funding is a national commercial finance company dedicated to serving the needs of insurance professionals.

"The quick utilization of our original credit facility is attributable to the significant demand for our unique lending products," CEO Richard Dennen said in a statement. "Insurance professionals have limited means to capital designed specifically for their business and because we understand their products and services, we can provide them a fast turnaround to meet their business development needs."