Industry

Wintrust Commercial Finance Celebrates 9th Anniversary

Wintrust Commercial Finance (WCF), a division of Wintrust Asset Finance, is celebrating nine years of business this month. Since its inception in 2015 with four founding employees, WCF has grown to a staff of more than 55 and originated more than $4.7 billion in new business volume for its customers. read more

Mitsubishi HC Capital Canada Targets Further Expansion into Technology Sector

Mitsubishi HC Capital Canada is launching a new division and introducing additional financing solutions customized for Canada’s growing technology sector. The company hired Jim Moschos as the director of the new technology finance division. Moschos and his team will provide financing options that help end-users acquire hardware, software and services. read more

Auxilior Capital Partners CEO Grosso Nominated for EY Entrepreneur Of The Year Award in Greater Philadelphia

Steve Grosso, CEO and vice chairman of Auxilior Capital Partners, was named a finalist for Ernst & Young’s 2024 Entrepreneur Of The Year Award for Greater Philadelphia. read more

Certified Lease & Finance Professional Foundation Adds 14 New CLFPs

The Certified Lease & Finance Professional (CLFP) Foundation added 14 individuals who recently passed the the online-proctored CLFP exam. read more

Clarus Capital Increases Loan Facility to $35M for Aviation Services Provider

Clarus Capital completed an upsizing of its existing loan facility for a family office backed private aviation platform. The facility, now totaling $35 million, will continue to support the company’s ongoing fleet management. read more

First American Equipment Finance Named Best Company to Work For in New York

Best Companies Group honored First American Equipment Finance as one of the 2024 Best Companies to Work for in New York. This is First American’s 13th consecutive year being named to the list, this year coming in first place in the large company category (more than 250 full-time employees). read more

U.S. Senate Considering Legislation to Extend $7.5MM Debt Sublimit for Subchapter V

The U.S. Senate is considering an extension of the current Subchapter V debt sublimit within Chapter 11 bankruptcy filings following the introduction of legislation that would push out the expiration date for the $7.5 million threshold to 2026. read more

First Citizens Bank Provides $50MM to Refinance Medical Office Building

First Citizens Bank’s healthcare finance business served as sole lender on $50 million in financing for an affiliate of Tristar Realty Group for the refinancing of Ventana Medical Center, a 122,000-square-foot Class A medical office facility in Tarzana, CA. read more

Equipment Finance Industry Confidence Eases in April

The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more

Maxim Commercial Capital Provided Financing in 31 States in Q1/24

Maxim Commercial Capital, a provider of loans and leases from $10,000 to $3 million collateralized by Class 6 and 8 trucks, trailers, heavy equipment and real estate, provided equipment purchase and cash out financings in 31 states during Q1/24. read more

Global Jet Capital Completes BJETS 2024-1 Securitization, Raising $575MM

Global Jet Capital, a global financial solutions company for business aircraft, closed its BJETS 2024-1 securitization, raising approximately $575 million. BJETS 2024-1 is Global Jet Capital’s seventh asset-backed security offering, bringing its total assets securitized to approximately $5.1 billion and bonds issued to approximately $4.2 billion. read more

Finova Capital Closes $30MM Senior Credit Facility

Finova Capital closed on a senior credit facility with a specialty lender. The company will use the $30 million facility to originate new equipment leases. read more

CFO Optimism Climbs to Highest Level in Nearly 3 Years

According to Grant Thornton’s Q1 2024 CFO survey, more than one-third (34%) of CFOs are “very optimistic” about the U.S. economy, marking an 11-quarter high for the survey. At the same time, 12% of CFOs said they were pessimistic, marking an 11-quarter low. read more

Fleet Advantage to Unveil Unbundled Full-Service Lease Comparative Index at Annual NPTC Conference

At the National Private Truck Council’s upcoming 2024 Annual Conference and Exhibition, Fleet Advantage will be unveiling its newest data resource: the Unbundled Full-Service Lease Comparative Index (UFSLCI), which provides calculations to help private fleets determine whether unbundling suits their operations. read more

Solifi Completes Codat Integration; Now Available on Open Finance Platform

Solifi completed its integration with Codat, a provider of enhanced-connectivity automated solutions. Using pre-built APIs, the integration with Codat permits consented business data to securely integrate into operational systems in real-time, with the aim of providing assed-based lending customers a more comprehensive view of risk. read more

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