Industry

Crestmark Equipment Finance Provides More Than $24MM in H1/Feb

Crestmark Equipment Finance provided $24,477,897 in seven new transactions and Crestmark Vendor Finance provided $5,096,070 in 40 new transactions in the first half of February. read more

Alfa Publishes Paper on Data Migration and Portfolio Onboarding

Alfa, a provider of systems and services to auto and equipment finance companies, published a new paper in its series on systems change, Innovation in Implementation. The new paper focuses on data migration. read more

BlockFi Lending Provides $32MM in Equipment Financing to Bitfarms

Bitfarms, a Bitcoin self-mining company, entered into a $32 million equipment financing agreement with BlockFi Lending. read more

Arvest Equipment Finance Reports 49% Growth in 2021, Hires Matthews

Arvest Equipment Finance closed more than $418.6 million in gross production in 2021, representing a year-over-year increase of more than 49%. Additionally, Arvest Equipment Finance hired Anna Matthews as a regional account manager. read more

Alfa Lands First Customers for AI Venture with Bitfount

Alfa, a provider of software for the asset finance industry, secured its first revenue-generating work for Alfa iQ, a partnership between Alfa and Bitfount that combines decades of asset finance expertise with artificial intelligence and machine learning capabilities. read more

New Business Volume in Equipment Finance Rose 2% Y/Y in January

According to the Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index (MLFI-25), overall new business volume for January was $8.3 billion, up 2% year over year from new business volume in January 2021. read more

EPC to Expand with New Technology and Redeployment Center

EPC, an IT asset disposition provider and a wholly-owned subsidiary of CSI Leasing, will open a new technology and redeployment center for used equipment in Saint Peters, MO, a suburb of St. Louis. read more

GAMA: Aircraft Deliveries in 2021 Valued at $25.2B, Up 10.2% Compared with 2020

According to the General Aviation Manufacturers Association, when compared with 2020, all aircraft segments experienced increases in shipments and preliminary aircraft deliveries were valued at $25.2 billion, an increase of 10.2% compared with 2020.  read more

CIT Provides More Than $44MM for Medical Office Building Properties

CIT’s healthcare finance division provided more than $44 million toward the financing of medical office buildings and facilities in Florida, Washington and Arizona. read more

Ritchie Bros. Sells More Than $100MM of Equipment at Houston and Phoenix Auctions

At its recent auctions in Phoenix and Houston, Ritchie Bros. sold more than 7,400 combined items, yielding a company record of $59 million in Phoenix and $55 million in Houston. All assets in the auctions were sold 100% online. read more

Volvo Invests $41MM in New Co-Location of Volvo Financial Services HQ

The Volvo Group made a $41 million investment in North Carolina’s Piedmont Triad to purchase and expand the building housing its U.S. Uptime Center, which will now also serve as the new global headquarters for Volvo Financial Services. read more

Soaring Demand for Trucks Caused Unprecedented Price Acceleration in 2021

Soaring demand for truck tractors and other transportation assets caused unprecedented price acceleration in the sector in 2021, according to Ritchie Bros. read more

Equipment Finance Cares Unveils Dates and Locations for 2022 Events

Equipment Finance Cares unveiled the schedule and locations for its 2022 events, with its next event to be hosted by Great American Insurance and held on April 26 in Cincinnati. read more

CIT Provides $71.4MM in Financing for Solar Portfolio in Maryland

CIT’s power and energy business served as coordinating lead arranger on $71.4 million in financing for a portfolio of solar projects in Howard County, MD, for Arches Solar, a subsidiary of CleanCapital. read more

BMO Coordinates $250MM Sustainability-Linked Revolver for Seaspan

BMO Financial Group is serving as lead sustainability structuring coordinator for a three-year, $250 million sustainability-linked revolving credit facility for Seaspan, a containership leasing company. read more

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