Schulte Roth & Zabel is proud to have advised Monroe Capital LLC in a transaction with Triad Financial Services Inc. involving a roughly $300 million asset-based financing pool to originate and buy commercial community rental loans made to owners of manufactured housing communities.
As a means of funding the strategic transaction, Monroe secured a revolving credit facility from Canadian Imperial Bank of Commerce (“CIBC”).The firm was thrilled to counsel Monroe Capital on both the transaction with Triad as well as the financing with CIBC.
The Schulte team was led by partner Stephen Schauder (Finance) alongside Boris Ziser, partner and co-head of the Finance Group.