LendingPoint obtains up to $110 million, five-year corporate mezzanine credit facility

By Rebecca Melvin

New York, March 9 – LendingPoint Consolidated Inc., the parent of LendingPoint, has closed an up to $110 million, five-year corporate mezzanine credit facility with new partners, MidCap Financial Trust and Apollo Investment Corp., according to a company release.

MidCap Financial Trust is managed by a subsidiary of Apollo Global Management Inc.

“We have followed LendingPoint since its inception and their platform has consistently executed at the highest level. We are excited to partner with the LendingPoint team as they continue to provide access to capital for consumers and small businesses across the country,” J.D. Gettmann, head of lender finance at MidCap, said in the release.

LendingPoint is a financial technology platform based in Kennesaw, Ga.

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