On March 21, 2024, Brightpath Capital Corporation entered into a senior secured revolving credit facility with an initial commitment of $100 million and an option to increase to $200 million from funds managed by Atalaya Capital Management LP.
The credit facility is supported by a pool of mortgages as collateral, and Brightpath intends to use the credit facility to finance its current portfolio and future originations.
Cassels acted for the Brightpath and related entities.