Bedrock Servicing, Inc., a purpose-built commercial loan servicing platform company utilizing the AFS best-of-breed commercial loan servicing system, AFSVision®, to serve the $3 trillion and growing private credit and asset management market announced it has completed a private placement of preferred stock.

Offering Details:

• Total Amount Raised: $2.5 million
• Preferred Stock Class: Class A

"This capital raise reflects our continued commitment to support our clients, enhance our industry-leading, bespoke technology platform and supercharge our growth objectives," said Hernan Hernandez, CEO of Bedrock Servicing. "By securing this new capital, we'll accelerate our strategic plans to disrupt the private credit loan servicing market. We are proud to partner with AFS; a storied company that has consistently and successfully served the massive and complex banking industry for decades."

"We are excited to partner with Bedrock Servicing, Inc., embracing their mission to deliver exceptional loan servicing solutions tailored specifically for the private credit market. Our commitment to Bedrock underscores our dedication to enhancing service quality, providing customer excellence and fostering innovation in this dynamic sector. By leveraging our combined expertise and AFSVision, we aim to enhance efficiency, reliability, and customer satisfaction, ultimately driving growth and success in this market," said Rick Bare, CEO & President of AFS.