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Cross River Bank gives $100M revolving credit facility to MidOcean Partners, backed by HEIs from Point Digital Finance
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Cross River Bank gives $100M revolving credit facility to MidOcean Partners, backed by HEIs from Point Digital Finance
Cross River Bank, a Fort Lee-based technology infrastructure provider that offers embedded financial solutions, announced it has provided a $100 million revolving credit facility to an investment vehicle managed by MidOcean Partners, LP. The facility, structured by Cross River’s Principal Finance Group, is secured by home equity investment contracts and originated by Point Digital Finance, Inc. The structure provides MidOcean with flexible finan…
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