Monroe arranges debt package for mortgage company

The $27.5m loan for American Mortgage Consultants will support a recent acquisition of another business outsourcing company.

Monroe Capital has provided a $27.5 million senior loan to American Mortgage Consultants (AMC).

The credit facility, on which Monroe was the sole lead arranger and administrative agent, will support AMC's acquisition of JCIII & Associates. AMC is backed by private equity firm Five Mile Capital Partners.

AMC, which has offices in New York and Tampa, is a mortgage business outsourcing firm. The company provides mortgage loan portfolio due diligence, risk management services and other professional services to clients operating in the primary and secondary residential mortgage market. The company was founded in 1996. It announced its acquisition of JCIII on 21 December.

JCIII provides documentation reviews, staffing, software solutions and operations consulting to a variety of businesses in the US.

Monroe invests in the senior and junior debt of mid-market companies in the US and Canada. It extends unitranche financings, cash flow and enterprise value based loans, asset-based loans, acquisition facilities, mezzanine debt, second lien or last-out loans and equity co-investments.

The firm is headquartered in Chicago, with seven additional offices in the US and one outpost in Canada.