Littlebanc Advisors & Affiliate LB Merchant Lead $3.2 Million Investment in PSM Holdings, Inc., a Full-Correspondent Mortgage...
April 03 2014 - 2:01PM
Marketwired
Littlebanc Advisors and Affiliate LB Merchant Lead $3.2 Million
Investment in PSM Holdings, Inc., a Full-Correspondent Mortgage
Lender
DELRAY BEACH,
FL--(Marketwired - April 03, 2014) - Littlebanc
Advisors, LLC and affiliate LB Merchant, LLC are pleased to
announce the completion of a $3.2 million investment in PSM
Holdings, Inc. (OTCQB: PSMH) in the
form of Series C and Series D Convertible Preferred Stock.
Littlebanc acted as the sole placement agent for both the Series C
and Series D shares. In the offering Littlebanc married firms and
individuals, leading the investment with $1.8 million of their own
investor's capital via LB Merchant's second investment in the
company, and bringing together two other institutional investors to
fill the remaining $1.4 million of the offering.
PSM Holdings Chairman Jeff Smith commented on the deal, saying,
"In the last few quarters we have completed a total upgrade of our
internal systems and delegated platform, this funding was the final
piece necessary for us to execute our plans."
About PSM Holdings, Inc.
PSM Holdings, through its wholly owned subsidiary, Prime Source
Mortgage, Inc. (PSMI), provides mortgage brokerage and banking
services across the United States. For more information visit
http://www.psmholdings.com.
About LB Merchant, LLC
LB Merchant, LLC, an affiliate of Littlebanc Advisors, LLC, is a
merchant bank that invests in small, high-quality growth
companies. LB Merchant invests its own capital along with
capital from select Limited Partners and takes an active
approach with its portfolio companies to assist them in realizing
their potential.
For more information, visit www.lbmerchant.com. If
you're interested in working with Littlebanc Merchant as an
accredited investor or entrepreneur, please contact us at
561-922-3700 to speak with one of our Managing Directors or email
us at info@littlebanc.com.
About Littlebanc Advisors, LLC
Littlebanc Advisors, LLC specializes in raising small
tranches of capital for growth companies. Littlebanc
Advisors acts as agent and advisor in traditional investment
banking transactions that it conducts on behalf of its clients. As
potential banking clients and merchant investments, they target
compelling companies with proven business models that are on the
cusp of breakout revenue and profitably but require growth capital
to get them there. These earlier stage companies are typically
passed over by both traditional investment banking and private
equity. By focusing on this underserved yet larger market,
Littlebanc unearths a greater number of less competitive
opportunities with higher potential returns. For more information,
visit www.littlebanc.com.
Recent Transactions
http://www.littlebanc.com/recent-transactions
Littlebanc Advisors LLC, securities offered through
Wilmington Capital Securities LLC, Member FINRA/MSRB/SIPC
Littlebanc Advisors561-922-3700info@littlebanc.com