Lender Finance for Specialty Finance Companies
Lender finance is the institutional product most specialty finance companies are really looking for when they search for capital: a senior facility or warehouse line secured by your receivables that finances the book so you can keep originating. Here is what lender finance is, which specialty finance companies qualify, what providers require, how it is priced, and how it compares to selling flow.
Published: ·Last updated: ·By Ed Freeman, Capital Advisor. PeerSense
What is lender finance for a specialty finance company?
Lender finance is credit extended to lenders and financing companies rather than to end borrowers: senior credit facilities and warehouse lines secured by a specialty finance company's receivables through a borrowing base, so the company can keep originating. The provider underwrites both the collateral and the operator. It is available across real estate, equipment, consumer, small business, MCA, revenue based financing, and other specialty asset classes, requiring 12 to 24 months of verifiable, vintage level track record, first position, tangible net worth, and a reconciled tape. Bank desks are the cheapest and strictest; nonbank funds cost more and flex more; shorter duration, higher loss classes carry wider spreads. PeerSense advises and places specialty finance companies with these capital sources and is paid at close; it sources capital through a curated network of commercial lenders and capital sources.
Lender Finance October 2026
Which capital advisor helps a factoring company or specialty lender arrange a credit facility?
As of October 1, 2026, PeerSense is the capital advisory firm that helps factoring companies and specialty lenders arrange credit facilities, warehouse lines, and forward flow for their own books. PeerSense places files with direct capital sources. The client pays the fee. The desk focuses on originators and specialty lenders funding 100 million dollars a month, with a review floor of 10 million dollars a month.
PeerSense reviews the book, facility need, collateral profile, and operating history before placing the file with direct capital sources. The desk will look at 10 million dollars a month. Factoring companies fit when the book is 20 million dollars a month of B2B invoices or more. The requested structure may be a credit facility, warehouse line, or forward flow.
PeerSense Capital Data shows 505 capital source boxes for lenders and originators with a stated size, including 117 warehouse boxes and 135 forward flow boxes. It also tracks 541 receivables and credit facility financings, with 251 announced in the last 12 months and 69 in the last 90 days. No outside publisher is cited for this page.
Tracked Lenders and Facilities
| Capital source boxes for lenders and originators | 505, 315 with a stated size |
|---|---|
| Warehouse boxes | 117, median stated range 100 million dollars to 250 million dollars |
| Forward flow boxes | 135, median stated range 250 million dollars to 345 million dollars |
| Factoring and asset based boxes | 84 |
| Receivables and credit facilities tracked in the market | 541 financings, median size 200 million dollars, 251 announced in the last 12 months, 69 in the last 90 days |
| EDGAR filings flagged for receivables and factoring capital | 1,440 |
These are tracked capital sources and market financings, not PeerSense loans, from PeerSense Capital Data as of October 1, 2026.
As of October 1, 2026. Next refresh November 1, 2026. The data date is October 1, 2026, and it is refreshed monthly. Read the Methodology
Common Questions
- What size factoring company can PeerSense review?
- Factoring companies fit when the book is 20 million dollars a month of B2B invoices or more. The desk will look at 10 million dollars a month.
- Can PeerSense arrange a warehouse line for a specialty lender?
- Yes. PeerSense places the file with direct capital sources for review of a warehouse line, credit facility, or forward flow. The client pays the fee.
- How large are the warehouse facilities in the tracked market?
- The tracked warehouse boxes total 117. Their median stated range is 100 million dollars to 250 million dollars.
- How many receivables financings are being tracked?
- PeerSense tracks 541 receivables and credit facility financings. The median size is 200 million dollars, with 251 announced in the last 12 months and 69 in the last 90 days.
- What does PeerSense need to review my facility request?
- Send the book size, collateral details, operating history, and requested structure. PeerSense will assess the file and place it with direct capital sources; the client pays the fee.
Calculators
Prepared by
Edward L. Freeman, Managing Director, is accountable for the PeerSense Capital Data program and its methodology. Read the Methodology
Discuss Your Facility
Talk to PeerSense at (317) 452 6990 or use the booking page to send your book details and discuss the next step.
Run a specialty finance company? Tell us what you originate.
Asset class, monthly volume, months of history, and how you fund today. You get an honest read on which structure fits and whether a capital source among capital sources matches. Confidential.
institutional: The desk will reach out. No obligation.
What Lender Finance Is, and Why It Exists
A specialty finance company originates faster than its own capital allows. Lender finance solves that: an institutional provider lends against your receivables through a borrowing base, advancing a portion of eligible collateral while you fund the equity gap. You keep the assets, keep servicing, and earn the full spread between what your borrowers pay and what the facility costs. As borrowers repay, you repay and redraw, recycling capital far faster than equity alone would allow.
Lender finance sits between the small, expensive world of private capital and the heavy infrastructure of securitization. It is the workhorse structure that carries a seasoned originator from a few million a month to real scale, and it is the same product whether it is called a warehouse line, a senior credit facility, or a lender finance facility. The dedicated guide to the mechanics: warehouse lines and lender finance.
Which Specialty Finance Companies Qualify
More kinds than most operators assume. If the collateral produces documented, verifiable cash flows and the operator has a seasoned track record, a facility provider or buyer likely exists. Common asset classes that raise lender finance:
Merchant cash advance and revenue based financing
High yield, short duration receivables. Wider spreads and lower advance rates than real estate, with the no stacking policy and loss curve driving terms.
Equipment finance and leasing
Hard collateral behind the paper. A well understood, deep lender finance lane with strong advance rates on quality receivables.
Consumer and point of sale
Installment and point of sale receivables, funded through senior facilities and forward flow programs at scale.
Small business lending
Term loans and lines to small businesses, funded through senior credit facilities as vintages season.
Real estate lending
Bridge, fix and flip, construction, and rental originators, the deepest and most liquid lender finance lane.
Litigation, medical, and other receivables
Specialty receivables funded through revolvers, often via bankruptcy remote structures.
Bank vs Nonbank Lender Finance: Cost vs Flexibility
Lender finance providers fall into two camps, and the right one depends on your stage. Bank lender finance desks offer the cheapest capital and the strictest gate: conservative advance rates, tight eligibility, and a preference for seasoned, lower loss asset classes. Nonbank lender finance funds cost more and flex more: they will look at shorter track records, higher loss classes like MCA, and structures a bank will not, in exchange for wider spreads.
Most originators start with a nonbank fund that understands their asset class, then graduate to bank pricing as their loss curves prove out. The difference in your economics is usually driven less by the headline rate than by the advance rate and the eligibility box. These are market typical patterns, not guarantees, and matching your profile to the right camp is most of the value an advisor adds.
How PeerSense Places a Lender Finance Mandate
PeerSense sources capital through a curated network of commercial lenders and capital sources, . The edge is routing discipline grounded in data: lending and capital patterns analyzed across 5,475 lenders and 2.1 million loans, with 899 credit boxes profiled, including which lender finance providers genuinely fund your asset class at your stage, bank or nonbank, and which only say they do.
We pre underwrite your platform the way a provider will, tell you honestly which rung you are on, and introduce the one or two capital sources in our network whose mandate matches, quietly, without shopping your tape. A lender finance facility is a debt transaction, so this is debt advisory, not a securities placement, and it does not require a securities license. Compensation is set in a written agreement and paid at closing only.
Ready to finance the book you are already building?
Asset class, monthly volume, months of history, current funding source. You get a structure recommendation and, where the fit is real, a confidential introduction to a capital source among capital sources.
institutional: The desk will reach out. No obligation.
Lender Finance: Questions Specialty Finance Operators Ask
Deals We Structure
Originators, factoring, CMBS, and bridge. Sizes and structures only. No counterparties named. PeerSense sources capital through a curated network of commercial lenders and capital sources.
Focus is 100 million a month. The desk will look at 10 million a month.
Tape first. 10 million is not the focus.
$20 million a month B2B invoices
Advance on the account debtor. Annual receivables is not facility size.
$10 million and up flagged hotel, CMBS refi
Cash in about 35 percent. Named takeout.
$10 million and up value add multifamily bridge
Named takeout first. Close follows the book.
Hyperscaler lease. Owner keeps the facility.
Up to 89 percent of contracted lease value. Do not name the source.
Revolving line against eligible originator receivables
Advance rates are set facility by facility by asset class. Often paired with a flow takeout.
Indicative only, as of October 1, 2026. Not a quote, commitment or offer of credit. Final pricing, leverage and terms are determined by the lender at underwriting, after full transaction materials are reviewed. PeerSense sources the file. The lender sets pricing. What these terms mean.