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.”
Topics Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
North Carolina Motorist Tells 911: Eagle Dropped a Cat Through the Windshield 
Homesellers Pull Listings Off Market as Interest Fades 
Royal Bank of Canada Denies Claims of ‘Boys Club’ Culture, Bias Against Women 
Massive Wildfire Liabilities Push Utilities to Use AI to Stop Blazes 
