Medalist Partners Provides $40 Million Credit Facility to Ironwood Funding
09/28/20, 12:03 PM
Location
Money raised
$40 million
Ironwood Funding, a leading operator in underwriting and financing the purchase of non-performing consumer loans, today announced it has secured an additional $40 million credit facility from funds and co-investment vehicles managed by Medalist Partners, a private credit and special opportunities investment manager based in New York.
Company Info
Company
Ironwood Funding
Location
dallas, georgia, united states
Additional Info
Ironwood has 20 years of experience in underwriting and financing the purchase of non-performing consumer loans, including charged-off credit card receivables, installment loans, auto loans, private label credit cards, fintech loans, and other specialty debt instruments. Based in Dallas, Texas, Ironwood and its principals source and underwrite consumer debt portfolios from an extensive network of banks and lenders across the U.S. The team leverages proprietary software and valuation models to aid in the evaluation and reconciliation of millions of consumer transactions from a vast network of lending sources.