May 9th, 2024
F Street Increases Credit Facility to $42 Million from CIT Northbridge to Fuel Growth in Private Lending
PRESS RELEASE
Milwaukee, WI – [May 9, 2024] – F Street, a leading investment company, today announced it has secured an additional $7 million credit facility from CIT Northbridge Credit, as advised by First Citizens Institutional Asset Management LLC, increasing their total facility to $42 million. This additional funding will help boost liquidity for F Street’s private lending arm, The Hard Money Co., enabling it to accelerate growth in new and existing markets.
“We are thrilled to expand our partnership with CIT Northbridge on this credit facility,” said Scott Lurie, Founder of F Street. “This additional capital will allow The Hard Money Co. to provide even more flexible and efficient financing solutions to real estate investors. We are confident this will further solidify our position as a leading lender to real estate investors.”
The Hard Money Co. is known for providing investors fast and flexible funding options to bring cash to any deal. The new credit facility will allow The Hard Money Co. to expand its reach, cater to a wider range of borrowers, and contribute to the continued success of F Street’s diverse portfolio.
“We are excited to support F Street’s continued growth with this credit facility,” said Neal Legan, who leads the team that advises CIT Northbridge. “F Street has a proven track record of success in the private lending market, and we believe this additional capital will enable them to further capitalize on the current market opportunities.”
About F Street
F Street is a leading investment company with a diverse portfolio encompassing real estate development, lending, and emerging market investment. Through its subsidiary, The Hard Money Co., F Street provides flexible and efficient private lending solutions to real estate investors and developers nationwide.
About CIT Northbridge Credit
CIT Northbridge Credit is a trusted financial partner supporting middle-market companies with a broad range of flexible asset-based debt solutions. A joint venture advised by First Citizens Institutional Asset Management, it provides revolving and term loan commitments from $15 million to $150 million to companies across various industries and business cycles, and serves primarily as sole lender, agent, club participant or co-lender.
Contact:
Mike Doney
Chief Operating Officer
F Street
md@fstreet.com
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