TIMIA Capital (TSE:MONT) has released an update.
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Montfort Capital Corporation has announced a new senior secured revolving credit facility for its subsidiary, Brightpath Capital Corporation, with an initial commitment of C$100 million and an option to increase to C$200 million provided by Atalaya Capital Management LP. The funds will fuel Brightpath’s growth in the Canadian mortgage market, specifically in Ontario and British Columbia, with a term of 36 months. Atalaya’s partnership is seen as a significant step for Brightpath to scale its operations and capture market opportunities in Canada.
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