In Brief: Contifinancial Invests In Calif. Finance Firm

Contifinancial Corp. has taken a 50.1% stake in American Commercial Capital LLC, a commercial finance company specializing in franchise lending.

Contifinancial will be American Commercial's primary source of financing and securitization services and will have a 50% voting interest. The management of American Commercial will oversee day-to-day operations.

Headquartered in Carlsbad, Calif., American Commercial was founded this year by William V. Trefethan, the founder and former president of Koll Specialty Finance, along with two former Goldman Sachs & Co. investment bankers.

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