Viva Capital Funding closes $85 million bank credit facilities

By Marisa Wong

Los Angeles, Dec. 1 – Viva Capital Funding, LLC announced the closing of $85 million of bank credit facilities in two parts: $45 million for factoring and $40 million for land banking.

This transaction follows a successful $18.5 million investment-grade corporate note financing completed in June.

Proceeds from the new facilities will be used for general corporate purposes and to support continued growth of Viva’s business.

Brean Capital, LLC acted as the company’s exclusive financial adviser and placement agent on the transaction.

Viva is an invoice factoring specialty finance company based in El Paso.

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