As a borrower’s needs outgrow a single bank, the debt has to be shared across lenders. How you structure that sharing affects your pricing, your covenants and your flexibility for the life of the facility.
Consortium vs multiple banking
In a consortium, banks lend together under a common agreement, with a lead bank and shared security — more disciplined, more coordinated. In multiple banking, you deal with each bank separately — more flexible, but harder to manage and to refinance cleanly.
When each fits
- Consortium: large, single-purpose facilities where lenders want shared control and security.
- Multiple banking: mid-sized borrowers who want to keep banking relationships independent.
- A blend that evolves as the balance sheet grows.
What decides the terms
Your CMA data, DSCR, security cover and track record. A well-prepared information memorandum and a genuinely competitive process set your terms — not a single relationship you happen to have.
We size the requirement, design the structure and run the lender process so the pricing stays disciplined and the covenants stay livable.