Fundation Secures $120 Million Credit Facility from SunTrust Bank

Fundation Secures $120 Million Credit Facility from SunTrust Bank

Fundation, a leading digitally-enabled lender and credit solutions provider, today announced that it has secured a $120 million asset backed credit facility from SunTrust Bank. Waterfall Asset Management was included in the facility as a Class B lender. This additional credit facility further enhances Fundation’s capacity to extend credit to small businesses across the United States. Sam Graziano, CEO of Fundation said, “Garnering the support of one of the…

Ranieri Solutions and Symbiont Partner to Transform the Mortgage Industry with Blockchain Technology

Ranieri Solutions and Symbiont Partner to Transform the Mortgage Industry with Blockchain Technology

Ranieri Solutions, a financial services technology investment firm founded by Lewis S. Ranieri, father of the securitized mortgage market, has partnered with Symbiont, the market-leading blockchain and smart contract company, to explore opportunities to use Symbiont’s platform to systemically improve all aspects of the mortgage industry. The combination of Ranieri’s deep knowledge of the mortgage market coupled with Symbiont’s expertise in deploying enterprise blockchain networks...

Fundation Purchases Select Assets from Able Lending to Enhance Partnership Strategy

Fundation Purchases Select Assets from Able Lending to Enhance Partnership Strategy

Fundation Group LLC, a leading digitally-enabled lender and credit solutions provider, today announced that it has acquired a variety of assets from online small business lender, Able Lending of Austin, Texas. Fundation develops a wide array of strategic partnerships with banks, other financial institutions, and various service providers...