Magazine article Screen International

Finance Company 120db Films Unveils $107M Fund

Magazine article Screen International

Finance Company 120db Films Unveils $107M Fund

Article excerpt

The ambitious lender has partnered with an unnamed Fortune 500 property casualty insurance company on the venture which puts it in a position to compete with the larger boutique lenders and commercial banks.

The fund had been rumoured for a while and a 120dB Films affiliate will act as portfolio manager.

"We believe that 120dB Films has distinguished itself over the past seven years by offering premium, personalised service to our borrowers, and we have closed over 60 film loans since inception," Stephen Hays, founder and managing member, said in a press release. "The fund closing is a milestone in our evolution and will result in much more competitively priced loans, while retaining the highly attentive service that has become our trademark."

"While we have never turned away an attractive loan due to size, the substantial resources now available through our new fund, combined with reduced borrowing rates, should lead to a strong increase in loan volume," Peter Graham, 120dB Films managing member, said. …

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