SLP Capital, RFC Capital Establish Partnership
SLP Capital of St. Louis has entered into an arrangement with RFC Capital Corp., a division of Textron Financial Corp. SLP Capital will sell or participate in up to $25 million of loans with RFC Capital. Under the agreement, designated loans from the SLP Capital portfolio were sold or partially syndicated to RFC. The deal is structured to make this initial transaction part of an ongoing flow of business between the two companies. In addition, RFC will be providing the funding for all or a portion of these loans and SLP Capital will continue to perform the servicing.
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