Boston, May 7, 2019


Crystal Financial LLC in partnership with affiliates of Solar Capital Partners, LLC (“SCP”) announced the closing of a C$97.5 million Senior Credit Facility for Ashley Park Operations Corp. (“APOC” or “Company”) one of the leading mortgage origination and servicing platforms in the Canadian residential real estate market.


Proceeds from the transaction will be used to refinance existing debt and provide a return of capital to existing shareholders.


“We take tremendous pride in delivering products and services to customers throughout Canada and their lenders to support home ownership.  The Crystal Financial-SCP team has the same focus and dedication to streamlined execution and delivering excellence as we do for our clients.  We have enjoyed working with them and look forward to a mutually beneficial partnership,” said Kathy Gregory, Founding President and CEO of Ashley Park Operations Corp.


Rebecca Tarby, Managing Director of Crystal Financial added, “Kathy and her team have built a leading and highly regarded mortgage origination and servicing platform. We are excited to be working with the Company and look forward to supporting their continued growth.”


About Crystal Financial LLC


Crystal Financial LLC, a portfolio company of Solar Capital Ltd. is a leading provider of direct private credit focused on originating, underwriting and managing both asset-based and cash flow financings to middle-market companies. Since inception in 2006, its team of experienced, responsive professionals have provided more than $4 billion in secured debt commitments across a wide range of industries. For more information please visit


About Solar Capital Partners, LLC.
Solar Capital Partners, LLC. (SCP) is a private credit asset manager with direct sourcing and structuring expertise across a range of senior secured cash flow and asset-based lending solutions to middle market companies primarily in the United States. Since its founding in 2006 and through its diversified commercial finance platforms, SCP has invested approximately $9.5 billion in over 650 companies. SCP currently manages approximately $6.0 billion of investible capital in private debt portfolios through private credit funds, separately managed accounts and publicly-traded, closed-end registered investment funds.


About APOC


APOC, through its operating subsidiary, is a leading Canadian mortgage underwriting and servicing business process outsourcing company. Operating with proprietary, end-to-end, state-of-the-art technology and with extensive knowledge of the Canadian mortgage market, it offers a customizable business process management solution for multiple banks and other mortgage lenders. APOC has offices in Toronto, Vancouver, and Montreal and is a ranked mortgage servicer by Standard & Poor’s, partnering with over 14 different mortgage brands in the marketplace.


For more information, please visit


Cheryl Carner, Senior Managing Director


Donald Zuill, Chief Financial Officer
416 866 8606