Brooklyn, New York, June 3, 2019
TBG Funding LLC (“TBGF”) today announced the recent closing of a $100 Million senior credit facility with Fortress Credit Corp. (“Fortress”). This facility will allow TBGF to increase its footprint, maximum loan size and overall lending volume.
“This facility represents the accomplishment of another milestone in our strategic growth plan as we evolve into a leading bridge lender serving commercial real estate investors and developers throughout the country,” said Charles Scharf, Founder and CEO of TBGF. “With Fortress, we have established a relationship with a team that truly understands the uniqueness of our portfolio and the breadth and importance of the bridge lending space.”
Fortress Managing Director, Spencer Garfield said “TBGF is a respected lender in the bridge lending space; we are pleased to have closed this facility with TBGF and look forward to working with its team and growing the relationship well into the future.”
About TBG Funding LLC
TBG Funding LLC has been providing timely and advantageous financing to the real estate industry since early 2011. TBG Funding is a commercial real estate lender that provides bridge financing for both transitional and stabilized commercial real estate on a nationwide basis. TBG Funding specializes in real estate transactions that require flexible, streamlined financing, with a team comprised of seasoned executives with extensive experience in both the real estate and financial industries. For more information please visit: TBGFunding.com
About Fortress Credit Corp.
Fortress Credit Corp. is a leading, highly diversified global investment manager that specializes in originating, structuring, and providing customized financing solutions to corporate, real estate, and asset-based borrowers.