Northlight Financial and PDS Gaming Announce Small Ticket Financing Program for Gaming Industry
NEW YORK--(BUSINESS WIRE)-- Northlight Financial LLC (“Northlight”), a manager of private debt investments and real estate assets, today announced the launch of a $10 million financing program (the “Program”) with Nevada based gaming equipment specialty finance company PDS Gaming Corporation (“PDS Gaming”). The Program developed by Northlight and PDS Gaming is designed to provide financing to fund small ticket loans and leases on gaming related equipment to established casino and hotel operators.
“We see substantial value in aggregating pools of small debt financings in the gaming industry secured by equipment that is mission critical to casinos and hotel operators. Northlight and PDS Gaming have the infrastructure and expertise to run this Program on behalf of our investors,” said Robert Woods, Managing Partner at Northlight.
About Northlight
Northlight is an established corporate lender and asset-based investor that currently manages over $500 million in corporate loans, real estate loans and related assets. Northlight was founded in November 2002 by Michael Jahrmarkt, Robert Woods and Mark Hirschhorn.
About PDS Gaming Corporation
PDS Gaming is a finance and leasing company that specializes in customized financing solutions, including equipment leasing, project and corporate financing and manufacturing vendor financing programs for the gaming industry. PDS Gaming is licensed in all of the major U.S. and Native American jurisdictions.
CONTACT:
Northlight Financial LLC
Chris Jahrmarkt, 212-247-0330
Portfolio Management
www.northlightfinancial.com
or
PDS Gaming
Johan Finlay, 800-479-3612 or 702-736-0700
www.pdsgaming.com
KEYWORDS: United States North America New York
INDUSTRY KEYWORDS: Professional Services Banking Finance
MEDIA:
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