Since its launch in October 2017, the company’s platform has been used by corporate borrowers to run over $740m in loan RFPs.ĭuring this year’s first quarter, borrowers used the platform to predict structure and terms of more than $800m loans. With this capital, we will continue to make it easier and faster to receive great terms on corporate loans including the new MSLP and PPP loans.” In Q1 of this year, Cerebro saw borrowers used its platform for over $800m “We exceeded our expectations in the dollars raised and at a critical juncture in our growth path as many of our customers navigate a volatile post COVID-19 economy. The funding raised by Cerebro will be used to further scale its online loan marketplace and broaden its capacity to streamline placement of corporate debt transactions.Ĭerebro’s platform is connected to over 650 bank and non-bank lenders and is claimed to have seen the number of inquiries surge in the first quarter of this year.Ĭerebro Capital founder and CEO Matthew Bjonerud said: “We are thrilled our platform is being recognized across the country with prominent west coast and east coast investors, in the form of this new capital raise. Other investors who participated in this funding round included Sterling Partners, Inner Loop Capital and Point Field Partners.Ĭerebro’s platform is designed for middle market corporate borrowers and lenders, addressing two key components of commercial loan process that include sourcing corporate loans and managing loan covenant compliance. (Credit: Pixabay/Credit Commerce)Ĭerebro Capital, a digital commercial loan marketplace, has recently completed its second round of funding co-led by Ulu Ventures and Grotech Ventures. The results companies have achieved working with Cerebro speak for themselves: Sourcing loans from $2 million – $100 million, Cerebro gets your loan profile lender interest within 48 hours, reduces interest rates by an average of 20%, increases loan amounts on average by 22% and reduces fees by up to 41%.Cerebro's platform is designed for middle market corporate borrowers and lendersĬerebro Capital will use the funding to enhance its commercial loan platform. Throughout this process, our expert transactions team provides you with market data from similar companies and works with you to ensure you get – and close – the better deal. Once your deal has been matched with interested lenders, you select the lenders that you want to share your information with and the Cerebro platform facilitates due diligence and negotiation in our secure data room, making it easy to manage requests and giving you peace of mind that your company’s information is kept confidential. ![]() Our platform pulls real-time lender data and matches your deal against the profiles of our 1500+ lender network, while keeping your information confidential, matching you with the ones most likely to be interested in competing for your business. When you work with Cerebro, the days of reaching out to brokers, debt placement advisors or funds individually, wasting time on redundant screening calls and wondering if you’re getting a competitive term sheet are over. ![]() *Cerebro Capital currently does not support investment real estate deals, project financing, startups or pure equity transactions.Ĭerebro Capital is revolutionizing the way middle market companies find and close mezzanine financing through our data-driven platform, national lender network and proven proprietary matching process. The traditional approach to sourcing a mezzanine lending partner often takes months to years, with no efficient way to compare potential partners and ensure you find and close the better deal.Ĭerebro’s revolutionary platform changes that by using data-driven processes to match your request to our network of 1500+ pre-qualified lenders, eliminating time-consuming screening calls and meetings, enabling you to compare term sheets side by side and guiding you every step of the way to help you find and close the better deal, faster. ![]() This structural flexibility allows mezz financing to be tailored to accommodate a number of objectives, and when exploring a new source of corporate financing, it is imperative companies find a lending partner to understand and meet their specific needs. What is Mezzanine Financing? It is a capital resource that sits between senior debt and common equity in the form of subordinated debt, or a combination of the two securities.
0 Comments
Leave a Reply. |