Civic Financial has frozen their pipeline! Where are you taking your deal now?
Civic Financial has long been one of the most competitive names in the space and highly active on BP. Unfortunately, they appear to be going through serious liquidity issues and have informed clients that their fundings are frozen for the next 1-2 months, they parted ways with their legendary CEO Bill Tessar on Friday (who had just been interviewed on the latest episode of "On the Market"), and if I had to guess it would appear they are fading out of the business....
I'm curious to hear from who is directly impacted by this in the BP community. What are you all doing now that they have left you high and dry?
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