- None.
Understanding
So it deal represents a proper expansion from Webster Bank’s personal credit profile and their partnership with Race Asset Management. The credit arrangement improves WBS’s reputation in the middle-industry financing place, especially in this building items field. Trick advantages become:
- Diversification off revenue avenues courtesy planned investment
- Commitment with Marathon Investment Management ( $23 mil AUM) enhances offer sourcing opportunities
- Second effective deal through the joint venture shows delivery possibilities
The deal aligns having Webster’s method to grow its industrial financing business and you can generate percentage money. Just like the specific financing number isn’t shared, the newest platform’s regular deal range of $50-250 mil indicates a meaningful share towards the loan profile.
