Industry

MUFG Arranges First Project Finance CLO

Mitsubishi UFJ Financial Group acted as a structuring lead on Starwood Property Trust's first project finance collateralized loan obligation. The deal also represents MUFG's first structuring lead mandate on a project finance CLO. read more

ELFA Report Forecasts Construction, Medical, Trucks/Trailers, Tech as Top Sectors in 2021

According to a new report from the Equipment Leasing and Finance Association, based on portfolio preference, construction, medical, trucks/trailers and hi-tech/computers will be the leading equipment market sectors in 2021. read more

Rabobank Provides $150MM Construction Revolver to Distributed Solar Development

Distributed Solar Development secured a two-year, $150 million construction revolver with Rabobank to finance its pipeline of distributed generation solar projects in the commercial and industrial market. read more

First National Capital Reports Company Records in Q4, FY Originations in 2020

First National Capital, a commercial equipment and aviation finance provider, reported company record Q4 capital deployment of $180 million and also a company record of $371 million for the year in 2020. read more

Crestmark EF Provides More Than $20MM in Lease Transactions in Late January/Early February

Crestmark Equipment Finance provided $21,737,910 in 14 new lease transactions and Crestmark Vendor Finance provided $4,717,776 in 50 new lease transactions in late January and early February. read more

Fleet Advantage’s Kids Around the Corner Foundation Donates $15K to Arc Broward

Fleet Advantage’s foundation, Kids Around the Corner, made a donation of $15,000 to Arc Broward, a South Florida organization dedicated to helping advance and enrich the lives of people with special needs and developmental disabilities. read more

Solar Capital Partners Rebrands as SLR Capital Partners

Commercial finance platform Solar Capital Partners changed its name to SLR Capital Partners. read more

Financial Institutions Will Increase Use of Gig Economy Workers in Near Future

More than half (52%) of financial institutions expect to have more gig-based employees over the next three to five years, according to a report from PwC. read more

TD Bank Group Joins RMI as a Strategic Partner of the Center for Climate-Aligned Finance

TD Bank Group entered into a strategic partnership with nonprofit clean energy organization RMI's Center for Climate-Aligned Finance to support the transition to a more sustainable energy platform and economy. read more

TopMark Funding Adds Specialists and Sales Recruiter

TopMark Funding added two specialist roles to its roster as well as a dedicated sales recruiter. TopMark also reported that its dealer account representatives will return to travel in the coming months and that the company is forecasting 60% year-over-year growth for 2021. read more

Old Hill Partners Closes $5.1MM Financing for Shipping Container Owner-Lessor

Old Hill Partners provided a $5.1 million senior secured drawdown facility to an acquirer and lessor of standard 40’ shipping containers. read more

January New Business Volume in Equipment Finance Industry Falls 12% Y/Y, 33% M/M

According to the ELFA’s Monthly Leasing and Finance Index, overall new business volume for January 2021 was $8.1 billion, down 12% year over year from new business volume in January 2020. In addition, volume was down 33% month to month from $12.1 billion in December. read more

NFS Leasing Provides $300K in Equipment Financing for Aura Energy Services

NFS Leasing, an independent equipment finance company, provided $300,000 in financing to Aura Energy Services for pile driving equipment. read more

IDC Forecasts Improved Growth for Global AI Market in 2021

Worldwide revenues for the artificial intelligence market, including software, hardware and services, are forecasted to grow 16.4% year over year in 2021 to $327.5 billion, according to International Data Corporation. read more

CIT Arranges $45MM Containership Financing for Mangrove Partners

CIT’s maritime finance business served as sole lead arranger on a $45 million financing for a portfolio of seven containerships on behalf of a fund managed by Mangrove Partners. read more

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