Oak Street Funding Lands $50 Million Credit Facility

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.”

Latest Comments

• June 2, 2005 at 4:24 am

  Curt Vahle says:

  If you're talking small loans you may be right. When you get into 6 and 7 figures it is usually a different story and I would encourage you to compare apples against apples. ... read more
• April 25, 2005 at 11:39 am

  Anonymous says:

  There is another outfit that makes loans on your renewal commissions. It's located somewhere in VA. I've contacted them before and their rates/fees were lower, never did bus... read more
• March 30, 2005 at 8:21 am

  Not A Happy Applicant says:

  Based on a solicitation email I received from Rockwood Company, I sent an application to this lending facility. The person who called stated that the rate of interest started ... read more