WhiteHorse Capital provided a Delayed Draw Term Loan Facility to StoicLane (“SL” or the “Company”). SL has been pursuing an acquisition roll up strategy, primarily in the highly fragmented appraisal management and vacation rental management industries. Between the two verticals, the Company has acquired 13 businesses as it seeks to consolidate the spaces. The Company’s appraisal management platform serves lenders nationwide through a diverse panel of appraisers and in-house appraiser staff. The Company’s vacation rental platform provides primarily single-family rentals near local travel attractions, including California (Lake Tahoe), Massachusetts (Cape Cod), and Florida (30A).
“We are excited to partner with Whitehorse to support continued acquisitions in our core appraisal and vacation rental verticals” said Al Goldstein, CEO at StoicLane.
John Yeager, Managing Director at WhiteHorse Capital, added, "We’re excited to support StoicLane as they look to execute on their growth plans going forward."
Established in 2021 and based in Chicago, IL and Miami, FL, StoicLane is a long-term growth and acquisition platform in the financial services, insurance, and real estate sectors that provides owners and management operational expertise and strategic capital to transform and grow.
About WhiteHorse Capital
WhiteHorse Capital provides debt financing to middle market companies across a wide range of industries, including Telecom, Media and Technology, Healthcare, Business Services and Financial Services. WhiteHorse has a broad investment mandate and provides senior and subordinated debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. WhiteHorse professionals, across the U.S. and Europe, have extensive experience and a proven track record of providing creative financing structures and employing a long term relationship oriented portfolio management philosophy. To learn more visit www.whitehorse.com.