# Siena Lending Group

Siena Lending Group is an Asset Manager based in Stamford, United States.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Stamford, United States
- **Region:** North America
- **Address:** Stamford, CT, United States
- **Founded:** 2012
- **Assets under management:** Undisclosed
- **Website:** sienalending.com
- **LinkedIn:** https://www.linkedin.com/company/siena-lending-group-llc

## Regulatory record

- **Reports private funds:** No

## About

Welcome to Siena Lending Group. We offer Asset Based Lending (ABL), Working Capital Loans, DIP Financings, and Exit Financing solutions. Our team is ready to help you find the right financing for your business.

## Sectors

- Private Credit

## Offices

- Boston, MA
- Chicago, IL
- Los Angeles, CA
- Cleveland, OH
- Dallas, TX
- Toronto, Canada
- New York, NY

## People

- David Grende — Chief Executive Officer
- Miin Chen — Chief Operating Officer
- Todd Eubanks — Chief Risk Officer
- Michael Brandt — Chief Financial Officer

## Questions

### Who runs investment decisions at Siena Lending Group?

David Grende, the co-founder and CEO, leads the firm. He is supported by Todd Eubanks (Chief Risk Officer) and a team of senior underwriters, most of whom previously worked under Grende at Burdale Capital Finance or held senior roles at GE Capital and CIT. Credit approval ultimately sits with the senior leadership group Grende has maintained for more than two decades.

### How is Siena Lending Group structured — is it a bank or a fund?

Siena is an independent non-bank asset-based lender, structured as a portfolio company of Franklin BSP Capital Corporation, which is an affiliate of Benefit Street Partners and a wholly owned subsidiary of Franklin Resources, Inc. (Franklin Templeton). It is not a regulated bank, which allows it greater flexibility on advance rates, collateral types, and covenant structures than a typical bank ABL group.

### What types of financing does Siena provide, and which does it avoid?

Siena provides senior secured asset-based revolving credit facilities and term loans, working capital loans, DIP financings, and exit financings. The firm does not originate cash-flow-only loans, mezzanine debt, or equity. Its underwriting is anchored to the liquidation value of hard assets and working capital, primarily accounts receivable and inventory.

### What is Siena’s typical loan size and geographic reach?

Hold sizes range from $10 million to over $100 million per facility. The firm lends across the United States and Canada through origination offices in Stamford, Boston, Chicago, Cleveland, New York, Dallas, Los Angeles, and Toronto, with regional managing directors covering the Northeast, Midwest, Southwest, and West Coast.

### Who owns Siena Lending Group and how does that affect its capital base?

Siena is a portfolio company of Franklin BSP Capital Corporation, an affiliate of Benefit Street Partners, which is a wholly owned subsidiary of Franklin Resources, Inc. (NYSE: BEN). This provides Siena with a permanent or long-duration institutional capital base rather than a fund-life constraint, meaning it can hold assets as a buy-and-manage lender instead of being forced to syndicate or liquidate by a set fund maturity.

### What is Siena’s posture on co-investing or sharing deals with external lenders?

The firm offers facilities of $10 million to $100 million and can hold senior positions on its own balance sheet. While not a syndicated-loan house by design, the firm participates in club-style ABL transactions where another lender provides a complementary tranche or an agent bank brings Siena into a deal to add flexibility on advance structures. Its Franklin BSP backing makes it a reliable hold-level partner when a lead arranger needs non-bank capacity.

### What is the tenure of Siena’s leadership team?

The core team — led by CEO David Grende and including senior originators and risk professionals — has worked together for more than 20 years, dating back to their time building Burdale Capital Finance at Bank of Ireland and, before that, various GE Capital and CIT platforms. The firm publicly states on its website that the Siena team has been together for 20+ years.

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Last updated: 2026-06-03T20:00:00.000Z

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