BRIDGING FINANCE
Bridging Finance Inc. was founded in 2012 as a privately held Canadian company providing middle-market Canadian companies with alternative financing options to those offered by traditional lenders. The funds deployed by Bridging are used to address short-term needs, including restructuring existing debt, providing working capital for growth, as well as supporting inventory purchases, capital expenditures and acquisitions/buyouts. Bridging attracts borrowers who cannot access capital from traditi... onal financing sources due to industry factors, complexity, size, or other unique challenges companies might face. Facilities offered are covenant-lite, quick, flexible, and creative – generally based on the value of the assets of the company and the borrowing needs. A large investment pool is available for transactions of up to $30,000,000 with the potential for larger transactions. Bridging Finance created the Bridging Credit Fund LP in November 2013. Since inception, Bridging has adapted to increasing demand in the marketplace and resulting growth. In July 2014, Bridging expanded its coverage in the retail fund space and partnered with Ninepoint Partners (formerly, Sprott Asset Management) for distribution of the Fund and the Fund was renamed to Sprott Bridging Income Fund LP. Aside from the retail fund, Bridging also manages money for family offices and institutional investors through the Bridging Private Debt Institutional Fund LP and Separately Managed Accounts. Bridging Finance is a registered restricted portfolio manager and exempt market dealer registered in all jurisdictions across Canada and is also registered as an investment fund manager.
BRIDGING FINANCE
Social Links:
Industry:
Crowdfunding Financial Services
Founded:
2012-01-01
Status:
Active
Contact:
416-362-6283
Email Addresses:
[email protected]
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Promote and preserve the tradition of homeownership while protecting lenders from default-related losses on residential first mortgages.
Current Employees Featured
Founder
Acquisitions List
| Date | Company | Article | Price |
|---|---|---|---|
| 2021-02-23 | CUDA | CUDA acquired by Bridging Finance | N/A |
Investments List
| Date | Company | Article | Money raised |
|---|---|---|---|
| 2019-12-17 | OCM Auto Financing Group | Bridging Finance investment in Debt Financing - OCM Auto Financing Group | 10 M USD |
Newest Events participated
More informations about "Bridging Finance"
What Happened to Bridging Finance? - CB - Canadian …
Oct 10, 2023 Another $10 million went to Ng’s companies in February 2020. All potential loans from Bridging’s funds were meant to be approved by an eight-member credit committee—of which the Sharpes were a part—but the OSC …See details»
OSC tribunal finds fraud in Bridging Finance case
Oct 30, 2024 In an unusual twist, David Sharpe, who was chief executive and one of the main operators of Bridging Finance, is a former mutual fund regulator. He was director of investigations at the Mutual Fund Dealers Association from …See details»
Decision in brief: Bridging Finance Inc, Enforcement Proceeding, …
Oct 28, 2024 In this enforcement proceeding, the OSC says that Bridging Finance Inc. and three of its senior employees – David Sharpe, its chief executive officer; Natasha Sharpe, its chief …See details»
Bridging Finance Executives Found Guilty of Massive …
Oct 30, 2024 Founded in 2012, Bridging Finance was well-known within the Canadian finance sector for its unique model of providing short-term, high-interest loans to small and mid-sized businesses considered too risky by traditional …See details»
Canadian Couple Committed Fraud at Private Lender Bridging, …
One concerned loans Bridging made to entities associated with Sean McCoshen, a businessman and backer of a proposed Alaska-to-Alberta railroad project. A McCoshen-related company, …See details»
Bridging execs engaged in fraud: tribunal | Investment …
Oct 29, 2024 The husband and wife team that founded alternative fund manager Bridging Finance Inc. (BFI) engaged in fraud that involved utilizing assets from the firm’s funds in conflicted transactions that benefited them personally, …See details»
How the Bridging Finance scandal has cracked trust in …
May 10, 2021 On May 1, the Ontario Securities Commission announced its investigation into Bridging Finance, a Toronto-based outfit that lends predominantly to small and medium-sized businesses. The regulator issued a …See details»
Bridging Finance’s receiver and lawyers paid $43 …
Jan 15, 2024 The accountants and lawyers winding down Bridging Finance Inc., the private lender that collapsed in 2021, were paid $43-million for their first two years of work, money that has been used to fund ...See details»
Bridging investors must be treated equally, ruling says
Nov 20, 2023 Bridging investors are expected to recover between $700 million and $900 million, or 34% to 41%, of the $2.1 billion that was supposed to be in the funds when they were cease …See details»
What private-debt stakeholders should take away from Bridging …
Nov 22, 2021 It’s been roughly eight months since the Bridging Finance scandal made headlines and dealt a blow to trust in Canada’s private debt industry, and until today, the case has yet to …See details»
Bridging Finance launches Fund of Funds in Alternative Credit
May 14, 2019 Bridging Finance Inc. is launching what it says is Canada’s first fund of funds for alternative credit — tapping into the swelling market for private debt in the country. The asset …See details»
What is Bridging Finance and who are its leaders?
May 2, 2021 Bridging looked for borrowers who needed short-term money for a variety of reasons, such as restructuring debt or supporting inventory purchases, and its loans were …See details»
Bridging Finance Inc. - LinkedIn
Bridging Finance Inc. | 1,032 followers on LinkedIn. Bridging Finance provides alternative financial solutions to well-managed companies experiencing a temporary financial setback or in need of …See details»
Bridging Finance Inc – Alternative Financial Solutions
Jan 12, 2021 Bridging Finance Inc. was founded in 2012 as a privately held Canadian company providing middle-market Canadian companies with alternative financing options to those …See details»
Bridging Finance - Crunchbase Investor Profile & Investments
Bridging Finance Inc. was founded in 2012 as a privately held Canadian company providing middle-market Canadian companies with alternative financing options to those offered by …See details»
Bridging Finance Inc. Actively Seeking New Lending Opportunities
Bridging Finance provides middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically ranging from $3 …See details»
How Does Bridging Finance Work? - Medium
Jan 22, 2024 In the dynamic landscape of financial solutions, bridging finance has gained prominence as a versatile and swift option for individuals navigating time-sensitive …See details»
What is Bridging Finance | How to Secure it & Guide | GBF
Advantages of Bridging Finance. One of the big advantages of bridging finance is the speed because, unlike traditional mortgages which can take several months to secure, bridging …See details»
Bridging Finance Appoints David Allgood and Hugh O’Reilly to …
Dec 10, 2020 Bridging Finance provides middle-market North American companies with alternatives to the financing options offered by traditional lenders. Lending proceeds, typically …See details»
IHRB - White Paper: Leveraging the Spectrum of Finance for Just…
Dec 19, 2024 Climate finance will need to expand to help reach net zero by 2050. It has recently been estimated that around $8.5 trillion a year of climate finance will be needed from the end …See details»