TORONTO, April 28, 2015 /CNW/ - Bridging Finance Inc. ("Bridging Finance") is pleased to announce that Dennis McCluskey has joined Bridging Finance as Senior Advisor to its executives and as a member of the Credit Committee. In this role, Dennis will advise on the origination, structuring and adjudication of credit arrangements and become a voting member of the Credit Committee. Dennis will be based in British Columbia.
"Dennis brings a wealth of credit experience, business knowledge and contacts to Bridging Finance and will play an important role in our rapid growth as one of Canada's premier private debt lenders," said David Sharpe, President and COO of Bridging Finance. "We're pleased that Dennis has joined our Bridging Finance team and look forward to his contribution as Dennis works alongside Bobby Anand and Graham Marr to rapidly build the private debt portfolio."
Dennis has over 30 years of broad based large corporate and commercial lending experience, both as an originator, risk adjudicator and restructuring specialist. Previously, Dennis was the Chief Risk Officer of Integrated Asset Management Corp. Prior to that, he was the President and CEO of CIT Business Credit Canada, Inc., which was a joint venture between CIT Group, Inc. and CIBC. Dennis also previously held senior head office management positions at CIBC in risk management/credit and corporate finance.
About Bridging Finance Inc.
Bridging Finance is a privately held Canadian company providing middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds are used by companies to address short-term needs such as restructuring existing debt, providing working capital for growth, supporting inventory purchases and financing expenditures and acquisitions/buyouts. Bridging Finance is the Sub-Advisor to the Sprott Bridging Income Fund LP. The Fund targets a net minimum yield of 6.5% per annum by investing in factoring/private debt loans that have a low correlation to traditional asset classes. This is an asset class that traditionally has been difficult for individual investors to access. Bridging Finance also offers portfolio management services for institutional and family office clients.
SOURCE Bridging Finance Inc.
Image with caption: "Bridging Finance Inc. (CNW Group/Bridging Finance Inc.)". Image available at: http://photos.newswire.ca/images/download/20150428_C5708_PHOTO_EN_15803.jpg
For further information: For financing please contact: M. Bobby Anand, CA, CPA, CFA, Senior Managing Director, Bridging Finance Inc., T: (416) 546-7340, C: (416) 899-0040, [email protected]; Advisors please contact: David Sharpe, LLB, LLM, MBA, President & COO, Bridging Finance Inc., T: (416) 642-7572, C: (647) 981-5658, [email protected]; Bridging Finance Inc., 77 King Street W, Suite 2925, Toronto, ON M5K 1K7, www.bridgingfinance.ca