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LendingPoint Closes Up to $110 Million Mezzanine Facility with Midcap Financial Trust and Apollo Investment Corporation

Mar 09, 2021•over 4 years ago

Amount Raised

$110 Million

Atlanta

Description

LendingPoint Consolidated, Inc., parent of the financial technology platform LendingPoint, today announced the closing of an up to $110 million, 5-year corporate mezzanine credit facility (the “Facility”) with new partners MidCap Financial Trust (“MidCap”), managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment Corporation (NASDAQ: AINV).

Company Information

Company

Lending Point

Location

Atlanta, Georgia, United States

About

For the past two years, LendingPoint was named one of Inc. 5000’s list of fastest-growing private companies, ranking 17th in 2019. LendingPoint ranked on Deloitte’s Technology Fast 500 list in 2019 and 2020, and was honored as one of the top 40 fastest growing companies in Atlanta by ACG. LendingPoint is a privately held company headquartered in Metro Atlanta, with offices in New York. LendingPoint, LLC owns and operates the LendingPoint platform. LendingPoint Consolidated, Inc. is the parent company of LendingPoint, LLC. www.LendingPoint.com

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