borrower-side advisory

Middle-market direct lending hit its lowest quarter since 2023 while bank and asset-based capacity expanded. Why the buyers who run a multi-source process capture the leverage.

Single-family offices now drive 65% of NAV loan demand, and 85% of that borrowing funds acquisitions, not distributions. What the shift means for owners financing against a portfolio.

Middle-market commercial balances are rising on higher revolver utilization, not new borrowers. With SOFR at 3.63% and September hike odds at 63%, a drawn line funding permanent assets costs twice.

Two revolvers priced in the same week of July 2026 carried spreads 150 to 250 basis points apart on an identical base rate. The difference was credit tier, and tier is something a borrower can change.

Selling is not the only way to get liquidity out of a business. A recapitalization releases owner cash while keeping the asset and the upside. Here is how it works and when to use it.

Sixty percent of online-lender borrowers paid more than they expected. The gap is not about lender type. It is about what the borrower verified before the process started.

Manufacturing acquisitions jumped 22% in Q1 2026, but buyers financing them with a single acquisition loan leave equipment, inventory, and working capital unfunded. Why asset-heavy deals need a blended capital stack.

US truckload spot rates hit a record $3.83 per mile, but recession-scarred balance sheets stall bank-only expansion. How one carrier structured $4.0M to add trucks in days.

Manufacturing capex intentions are at multi-year highs, but conventional bank underwriting is thinning. The bottleneck has shifted from the investment decision to how it gets funded.