News Articles:2-16-06
Brooks, Houghton Interim Funding
$6.0 Million Investment in Affinity Financial Corporation
New York, NY - February 16, 2006 - Brooks, Houghton Interim Funding ("Brooks, Houghton") announced that it has closed on a $6.0 million senior secured loan facility to Affinity Financial Corporation ("AFC"). AFC, headquartered in Indianapolis, IN, provides private label financial products and services (predominately FDIC insured deposit products) to affinity groups, employers, and financial institutions. The proceeds of the BHC funding will be used to capitalize a California Industrial Loan Corporation ("ILC"). AFC expects to draw down on the remaining $4.0 million committed facility upon the granting of ILC charter which is expected in 2Q'06.

"We are pleased to be a capital provider to Affinity and look forward to assisting the management team continue its dynamic growth and increase its profitability through the creation of the ILC subsidiary," said Steven Brooks, managing partner of Brooks, Houghton Interim Fund.

AFC offers a full range of banking products and services through custom-branded internet Banking Centers specifically created for each particular affinity group customer and its individual end-user client base. AFC has built an affinity distribution network, on an exclusive basis, that includes some of the largest and most well-known affinity organizations in the United States, including the American Medical Association, the Air Force Association, National Association of Realtors, National Rifle Association and the California Bar Association. Through its contractual relationship with its' affinity customers, AFC currently has access to an estimated aggregate distribution of over 50 million potential clients.

About Brooks, Houghton Interim Funding - $200 Million Committed Capital Fund
Brooks, Houghton Interim Funding, established in 1999, provides bridge and interim capital (a term of up to three years, interest only, with no prepayment penalties) ranging from $5 million to $25 million to profitable, U.S. middle-market companies that require capital to facilitate an acquisition or recapitalization, finance profitable growth or expansion, augment working capital or senior debt, and capitalize on time-sensitive opportunities. The principals of the Fund work closely with its referral sources including senior lenders, investment bankers, and private equity firms. Brooks, Houghton is currently investing the capital of its $200 million second fund.

Φ BHC Middle Market Funding, L.P. – Φ Brooks, Houghton & Company, Inc.
780 Third Avenue 35th Floor New York, NY 10017 Phone: (212) 753-1991 Fax: (212) 753-7730
263 Tresser Boulevard   Stamford, CT 06901 Phone: (203)-564-1979 Fax: (203)-564-1402

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