Mavik Capital Obtains Credit Facility from Oak Street


February 27, 2023

On January 10, 2023, Mavik Capital Management, LP announced that it obtained a credit facility from Oak Street Funding LLC.

Under the terms of the transaction, Mavik Capital Management, LP (“Mavik”) acquired a senior secured amortizing credit facility from Oak Street Funding LLC (“Oak Street”).

Oak Street, based in Indianapolis, is a fully owned subsidiary of First Financial Bancorp. Oak Street provides commercial financing solutions to insurance professionals, investment advisors, certified public accountants and automotive dealers.

Mavik, based in New York City, is a private markets asset manager focusing on commercial real estate lending. Mavik originates loans for borrowers with assets in the multi-family, office, retail and industrial commercial real estate sectors. Oppenheimer & Co. Inc. served as exclusive financial advisor to Mavik on the transaction.

To read the press release: please click here.

The opinions expressed are those of the author(s) and do not necessarily reflect the views of the firm or its clients, or any of its or their respective affiliates. This article is for general information purposes and is not intended to be and should not be taken as legal advice.