Eagle Point Credit Management, a private credit investment manager, and Apple Bank, a New York–based regional bank providing consumer, commercial and small business banking services, created Newton Commercial Finance, an equipment finance platform providing tailored solutions to companies with limited access to traditional bank financing programs.
Newton was founded on a disciplined and selective approach to equipment finance, with a mandate centered on essential-use assets backed by strong collateral values. The platform pairs rigorous credit standards with the flexibility to collaborate directly with borrowers/lessees.
“We are excited to build upon our relationship with Apple Bank,” Nate Morse, principal and head of strategic credit at Eagle Point, said. “By combining Apple Bank’s long-standing client relationships and exceptional operating history with Eagle Point’s institutional capital access, credit analytics and portfolio management expertise, we are building an industry-leading platform that reflects the best of both organizations and delivers differentiated, high-quality investment opportunities for our investors.”
Ken Walters, managing director and group head of equipment finance at Apple Bank, added, “Newton marks a significant step in expanding our suite of financing capabilities. By uniting our combined strengths and deepening our partnership with Eagle Point, we are unlocking new opportunities and enhancing our ability to deliver innovative financing solutions that empower our customers.”
