Victory Park backs construction lender Billd with $100m facility

Victory Park’s $100 million facility to Billd highlights growing investor appetite for niche construction finance within the middle market. This deal underscores how specialized lenders are attracting substantial capital to address unique funding gaps in construction, a sector often underserved by traditional banks. For credit professionals, it signals opportunities to back tailored financing solutions with potentially differentiated risk profiles, while also reflecting continued confidence in middle-market credit structures amid evolving economic conditions.