Oak Street Funding lifts credit facility with BMO to $105 million

By Tali Rackner

Minneapolis, Jan. 8 - Oak Street Funding said it increased its credit facility with BMO Harris Bank to $105 million from $55 million, according to a press release.

As the credit markets tightened over the last several years, Oak Street said it has remained consistent with its lending disciplines and even expanded its capabilities and services to customers.

The company said it continues to grow and has expanded its maximum loan amount to $15 million from $10 million.

Carmel, Ind.-based Oak Street Funding is a family of diversified financial services companies that offers commission-based commercial financing exclusively for insurance professionals and third-party loan servicing for financial institutions.

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