July 31 , 2014
Katsof launches ABL firm
U.S. – International business leader Irwin Katsof has launched Katsof Financial, an outgrowth of Global Capital Associates, founded by Irwin Katsof in 2005 and Katsof Consulting, founded in 2012.
In the first six months of 2014, Katsof assisted more than 50 of the nation’s leading private equity, venture capital, and real estate private equity funds to raise capital on trips to India, Hong Kong, Canada, and Israel. Katsof Financial clients tap into a rich worldwide network of institutional investors, family offices, and high net worth individuals
Katsof Financial will focus on three verticals: asset-based financing for businesses and entrepreneurs, natural resource lending and hard money lending for real estate.
Katsof has teamed with a group of family offices and is co-managing a pool of $200 million, which will be allocated to the three lending areas. The loans can be between $500,000 to $10 million dollars and are being placed at competitive rates.
At the press conference announcing the launching of his new venture, Irwin said, “All entrepreneurs need capital to grow their business. We are setting up Katsof Financial to make it easier to launch new ideas, create jobs and help America maintain and continue to grow its competitive edge and continue to be the great country it is.”