MMP Capital renewed its $125 million secured warehouse facility with Deutsche Bank, a move that positions the Long Island-based company for continued growth as it enters its third year as an on-balance sheet lender.
“This partnership with Deutsche Bank reflects our growth and our ability to deliver more value to our clients,” John-Paul Smolenski, CEO of MMP Capital, said. “As we continue to evolve, we’re proud to pass on the lower cost of capital with more competitive rates that allow our clients to invest in their futures at a lower cost and maximize their profits.”
With this renewed facility, MMP Capital will offer lower interest rates to its customers.
“Our high-end clients are a crucial part of our business,” Smolenski said. “They are often the ones making repeat purchases and investing in the latest technologies, so being able to offer them more favorable financing terms will help us continue to grow alongside them.”
MMP Capital aims to continue scaling its operations while maintaining personalized service.
