Kramer Levin represented Waterfall Asset Management in connection with a $100 million revolving warehouse facility secured by unsecured consumer loans acquired by an affiliate of BorrowersFirst Inc.. BorrowersFirst is an online consumer lending platform and its loans are originated by Cross River Bank. The Kramer Levin team consisted Banking and Finance partner David S. Berg and associates Drew Allen and Steven Ni. The transaction closed on Dec. 21, 2016.

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