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Medalist Partners Provides $40 Million Credit Facility to Ironwood Funding

Sep 28, 2020almost 5 years ago

Amount Raised

$40 Million

Dallas

Description

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 Information

Company

Ironwood Funding

Location

Dallas, Georgia, United States

About

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.

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