Marble Financial Executes Definitive $10 Million Credit Facility Agreement With Cypress Hills Partners Inc., to Fund Its Fast-Track Loan Product
Retrieved on:
Monday, July 26, 2021
The Credit Agreement provides for a $10 million credit facility to Marble through its wholly owned Special Purpose Vehicle (SPV) subsidiary and TPFM as servicing agent for originations, adjudications, administration, and monitoring of the SPV loan portfolio.
Key Points:
- The Credit Agreement provides for a $10 million credit facility to Marble through its wholly owned Special Purpose Vehicle (SPV) subsidiary and TPFM as servicing agent for originations, adjudications, administration, and monitoring of the SPV loan portfolio.
- The Credit Facility will be used to re-engage Marbles legacy financial wellness Fast-Track program.
- Cypress Hills looks forward to a long partnership with the Marble as they disrupt the financial wellness space in Canada, states Kelly Klatik, Managing Partner of Cypress Hills Partners.
- ON BEHALF OF THE BOARD OF DIRECTORS,
About Cypress Hills Partners Inc. - Cypress Hills Partners (CHP) is an alternative specialty lender based out of Vancouver, Canada.