In 2018, Stan Vukmer launched Haversine Funding to fulfill a one-stop solution and marketplace need for specialty finance companies to grow their lending platforms. The demand from SME borrowers has never been greater, and the potential for your specialty finance firm's growth is massive. Within this widely fragmented and highly competitive industry, Haversine Funding can provide the edge you need to succeed. We have the expertise to understand your needs and quickly underwrite opportunities. And, we do not provide direct loans to commercial borrowers, so are non-competitive to your business.
“Haversine” is a mathematical formula historically important to global navigation. It provides the most direct route for traveling great distances.
What We Offer
Haversine Funding is backed by unlevered family office 'permanent' capital, not subject to redemptions or banking restrictions, allowing us the ability to consistently fund when others cannot, especially when you need it most. We offer:
Tremendous flexibility in terms of funding structure and amount - from small individual loan participations to larger portfolio fundings.
Deep banking relationships that will join us by providing leverage within your underlying portfolios allowing you to reduce your cost of funds, improve profitability, build a bank financing track record and grow.
Strong support as we also invest equity into select specialty lenders, providing the operational growth capital to keep pace with your success.
Our goal is to become your true partner, where we can help small and mid-size alternative lenders obtain lender financing and growth capital options, work with our industry experts through your business cycles and stages, and gain new connections for growth and access to lower cost of funds. Our goal is to help you succeed.