2020 NEWS RELEASES
Please check back often to keep up to date with Rainstar Capital Group and our news. If you have a media/PR need please contact us!
RCG Provides Working Capital To Retail Store In Covid-19 Crisis!
4/30/2020
Rainstar Capital Group, a Grand Rapids, Michigan based multi strategy private equity firm announced today it had provided unsecured working capital term loan to a local women’s dress store in Philadelphia, Pennsylvania. The client needed working capital to pay off vendors due to what was happening from the Coronavirus.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were pleased to assist this client with their capital needs in this critical situation we’re all in". Rainstar identified a lender who was still lending to retail stores that were shut down due to the quarantine. The client in Philadelphia specializes in high-end women clothes, with two retail stores in the area. "I was pleased to help the client maintain profitable margins due to being able to get cash to pay off inventory vendors at a discount.” noted Rainstar Capital Group's Managing Director Rich Rose, who assisted the client on the transaction.
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from $10K to $500M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here: https://www.rainstarcapitalgroup.com/capital-markets/
RCG Welcomes Teresa Jackson!
4/25/2020
Rainstar Capital Group, a Grand Rapids, Michigan based multi strategy private equity and national debt advisory firm announced today it has hired Teresa Jackson to its team as Managing Director.
Rainstar Capital Group’s CEO- Kurt Nederveld made the following statement, "I am excited to have Teresa join our firm. She has been an excellent colleague and someone I had known for the past few years working in the distressed asset space. Her unique background will greatly assist our clients especially if we are about to enter a potential recession. Teresa has great character, problem solving ability and a keen focus on serving client's needs which will greatly benefit Rainstar's clients.”
Teresa Jackson made the following statement, “I joined Rainstar Capital Group because they have positioned themselves as the premier debt advisory firm in the marketplace. I’m excited to begin serving clients!”
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from 10K to 100M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here:
https://www.rainstarcapitalgroup.com/capital-markets/
The firm noted that they continue to grow their internal team of Directors and Account Managers. Interested finance professionals can apply under the Careers tab on rainstarcapitalgroup.com.
Rainstar Capital Group Provides $5M Asset Based Revolver!
6/30/2020
Rainstar Capital Group, a Grand Rapids, Michigan based multi strategy private equity and national debt advisory firm announced today it had provided an ABL financing solution to a Marketing/ Internet Publishing firm based in New York City.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were pleased to have helped this firm access the growth capital they needed for their 2020 expansion plans.”
The client in New York City specializes in providing internet publishing, content writing and e- commerce solutions for multiple industries. "We were pleased to work with client to identify their growth story and how we could bring a non-bank solution to them," noted Rainstar Capital Group's Managing Director Melinda Fletcher, who assisted the client on the transaction. “Due to profitability issues, this client was not bankable and so with this solution they will be able to access new revenue to get them back into a bankable status.” The firm planned to use the funds to hire new staff.
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from 10K to 100M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs.
Rainstar Capital Group Provides Mezzanine Financing to Dentist Practice!
7/7/2020
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had provided mezzanine financing to a dentist practice in Chicago, Illinois. The client needed the additional debt financing to finish their 12th location. Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "Working capital is much needed for clients these days especially as companies rebound from COVID-19 and here at Rainstar we have great solutions for these types of growing clients.”
The client in Chicago was needing financing for tenant improvements to the location they were leasing, dentist office equipment and working capital for hiring. "I was pleased to assist this dentist practice during Coronavirus. While it did affect their business, they still were able to achieve their growth goals of opening their 12th location,” noted Rainstar Capital Group's CEO Kurt Nederveld, who assisted the client on the transaction.
Rainstar Capital Group provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions through its lending platform of 250 registered lenders, while investing in distressed debt portfolios, commercial and residential real estate. The firm operates a national platform with representation in multiple cities and states.
Rainstar Capital Group noted that it was providing growth capital to clients seeking commercial real estate, corporate finance, equipment and working capital solutions. The firm noted that they continue to grow their internal team of Managing Directors with a focus on hiring commercial bankers and capital market professionals. Interested finance professionals can apply here: rainstarcapitalgroup.com/careers
For more information on Rainstar Capital Group visit rainstarcapitalgroup.com or email Media@rainstarcapitalgroup.com.
Rainstar Capital Group Welcomes Jo Ann Miller!
7/21/2020
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had hired Jo Ann Miller to head up the Texas market.
Rainstar Capital Group’s CEO- Kurt Nederveld made the following statement, "I am excited to have Jo Ann join our firm. She has an excellent background in commercial banking that will serve our clients well! Jo Ann will provide excellent service and guidance to our clients. Her years of experience in commercial banking along with our focus on understanding our client's financing needs will add a great addition to our team.”
Jo Ann Miller made the following statement, “Rainstar Capital Group provides access to over 250 lenders, allowing me to service my clients at any stage of their business.”
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from 10K to 100M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here:
https://www.rainstarcapitalgroup.com/capital-markets/
The firm noted that they continue to grow their internal team of Directors and Account Managers. Interested finance professionals can apply under the Careers tab on rainstarcapitalgroup.com.
Rainstar Capital Group Provides $5.5M Asset-Based Loan To Manufacturing Company
7/21/2020
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had provided an asset-based loan to a forest product business in North Carolina. The client needed to refinance the existing debt of the company and access expansion capital.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were pleased to help the client with asset-based loans to provide them with the ability to raise expansion capital." Rainstar was able to bring a USDA lender to the table to take out the old lender and provide needed working capital. The business needed to overcome inconsistent financials and replace senior hybrid debt with more conventional debt.
The client in North Carolina specializes in forest products manufacturing. "I was able to bring needed financing in a unique industry and set the business up for long term growth through internal expansion and consolidation of smaller industry companies in an industry roll-up play,” noted Rainstar Capital Group's Managing Director Rich Rose, who assisted the client on the transaction.
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from $10K to $500M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here:
Rainstar Capital Group Provides M/A Financing For A Family Owned Business!
7/21/2020
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had provided a senior debt facility to a family business in Long Island, New York. The client needed the capital to allow the son to purchase father’s ownership stake in the family business.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were pleased to assist this client with their financing allowing the ownership change from father to son.”
The client could not get approval from traditional banks due to cash flow underwriting rules. "We acted as advocate for borrower and walked them through the entire process from application to closing,” noted Rainstar Capital Group's Managing Director Bruce Goelz, who assisted the client on the transaction. He also said: "I was happy to help secure funding to help the son pay off his father”.
Rainstar Capital Group has built a lending platform of 250 registered lenders that provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions while investing in distressed debt portfolios, real estate and high growth companies. The lending platform finances clients from $10K to $500M across all credit profiles and 1st and 2nd lien debt positions. Rainstar has developed its own magazine- Rainstar Capital Group Ultimate Lending Guide which highlights all 250 lender’s programs. Information can be found here:
https://www.rainstarcapitalgroup.com/capital-markets/
The firm noted that they continue to grow their internal team of Directors and Account Managers. Interested finance professionals can apply under the Careers tab on rainstarcapitalgroup.com.
Rainstar Capital Group Provides Equipment Financing for Geotechnical Drilling Company!
12/7/2020
Rainstar Capital Group, a Grand Rapids, Michigan based national debt advisory firm announced today it had provided equipment financing for a geotechnical drilling company in Forth Worth, Texas. The client was showing losses on their P/L as they were in the midst of a turnaround with new ownership looking to grow the company from $2.5M in annual revenue to $5M. To fuel this growth they needed more drill rigs in their fleet to serve client demand.
Rainstar Capital Group led by CEO- Kurt Nederveld made the following statement, "We were very pleased to secure for this client two new drill rigs to help fuel their growth." Rainstar was able to leverage the strong personal credit of the borrower while overcoming the financial losses the firm was showing on their year-to-date P/L to secure the new rigs.
The company in Texas specializes in the testing of soil samples for engineering firms and municipalities when they want to build streets, bridges, etc. "This company was in the middle of their turnaround since new ownership acquired the firm. While showing losses on their year-to-date P/L, we were able to bring in an equipment lender who financed the acquisition of these two new rigs with rates in the 5's,” noted Rainstar Capital Group's CEO, Kurt Nederveld, who assisted the client on the transaction. He continued saying: "We look forward to seeing the revenue growth this firm experiences from the new rigs working out in the field."
Rainstar Capital Group provides term loans, equipment financing, unsecured lines of credit, senior debt facilities for commercial real estate and working capital solutions through its lending platform of 250 registered lenders, while investing in distressed debt portfolios, commercial and residential real estate. The firm operates a national platform with representation in multiple cities and states.
Rainstar Capital Group noted that it was providing growth capital to clients seeking commercial real estate, corporate finance, equipment and working capital solutions. The firm noted that they continue to grow their internal team of Managing Directors with a focus on hiring commercial bankers and capital market professionals. Interested finance professionals can apply here: rainstarcapitalgroup.com/careers.
For more information on Rainstar Capital Group visit rainstarcapitalgroup.com or email Media@rainstarcapitalgroup.com.