CRG Provides $2.5M Bridge Loan to LifeMD, Inc. (NASDAQ: LFMD)
Situation Overview
LifeMD, a leading direct-to-patient telehealth company, was in immediate need of liquidity to bridge to the closing of a larger, longer-term credit facility.
Financing Solution
In less than 8 days, CRG Financial structured and funded a $2.5 million senior secured bridge loan facility, providing LifeMD with essential near-term liquidity during a transitional financing period. The facility was designed specifically to bridge the Company to a more permanent capital solution.
CRG’s injection of capital allowed LifeMD to stabilize its balance sheet, maintain operational momentum, and position itself favorably for long-term financing. Importantly, the bridge financing enabled LifeMD the time it needed to close on a $40M loan and security agreement with Avenue Capital.
Result
CRG Financial’s flexible structuring and speed of execution allowed LifeMD to bridge a critical financing gap, preserve shareholder value, and secure long-term institutional capital on favorable terms.
Deal Overview
- Transaction Type: Bridge Loan
- Total Facility: $2.5M
- Industry: Telehealth / Healthcare Services
- Situation: Interim liquidity needed for working capital
- Result: Enabled continued operations and bridge to a larger long term credit facility