WhiteHorse Capital Provides Financing to StoicLane

WhiteHorse Capital provided a Delayed Draw Term Loan Facility to StoicLane (“SL” or the “Company”). SL has been pursuing an acquisition roll up strategy, primarily in the highly fragmented appraisal management and vacation rental management industries. Between the two verticals, the Company has acquired 13 businesses as it seeks to consolidate the spaces. The Company’s appraisal management platform serves lenders nationwide through a diverse panel of appraisers and in-house appraiser staff. The Company’s vacation rental platform provides primarily single-family rentals near local travel attractions, including California (Lake Tahoe), Massachusetts (Cape Cod), and Florida (30A).

“We are excited to partner with Whitehorse to support continued acquisitions in our core appraisal and vacation rental verticals” said Al Goldstein, CEO at StoicLane.

John Yeager, Managing Director at WhiteHorse Capital, added, “We’re excited to support StoicLane as they look to execute on their growth plans going forward.”