News

Crossroads Appoints Kachidurian EVP/Business Development

Jim Kachidurian joined Crossroads Equipment Lease and Finance as executive vice president – Business Development. He will report to Howard Shiebler, president of Crossroads. read more

Ralston Joins CIT as Director in Lender Finance Business

CIT Group named Chris Ralston a director in the Lender Finance business within CIT’s Business Capital division. read more

Colonnade Publishes Report on Small Ticket Finance & Leasing

Colonnade Advisors released a report on the small ticket equipment finance and leasing industry, noting the sector generates over $330 billion in transaction volume annually. read more

Xavian Insurance Sues Marsh, Boeing, Boeing Capital Over AFIC

According to Insurance Insider, Xavian Insurance has filed suit against Marsh & McLennan Companies, Boeing and Boieng Capital, claiming the companies misappropriated trade secrets to launch the Aircraft Finance Insurance Consortium. read more

Bloomberg Tax Releases New Solution for FASB ASC 842 Standards

Bloomberg Tax released a new lease assets solution designed to help organizations address and comply with the new FASB ASC 842 standards. read more

LaSalle Solutions Named a Top 20 Most Promising Cisco Solution Provider

LaSalle Solutions was recognized as one of the top Cisco Solution Providers of 2018 by technology magazine CIOReview. read more

GFS Promotes Einhorn to President/COO

Group Financial Services named Gregory Einhorn president and chief operating officer. Einhorn will be responsible for all of the company's operations and report directly to CEO Richard Einhorn. read more

Ritchie Bros., PowerChina Sign Multi-Year Sales Agreement

PowerChina Trade Solution Group, one of the world's largest construction companies, selected Ritchie Bros. as a key partner for its surplus equipment disposition. read more

Insight Financial Adds Castellanos as VP, Commercial Sales

Insight Financial hired Mark Castellanos as vice president of Commercial Sales. Castellanos was previously with First National Bank where he provided equipment leasing for commercial clients. read more

Marlin Acquires Fleet Financing Resources

Bank holding company Marlin Business Services acquired Fleet Financing Resources, a specialty lender with a foundation in transportation equipment financing. read more

Petro to Lead Waterfall Specialty Commercial Finance Group

Waterfall Asset Management launched its Specialty Commercial Finance Group SCFG led by Andrea Petro to provide high yield senior secured debt to specialty commercial finance companies. read more

CIT Arranges $93.7MM Facility for Tanker Solutions

CIT’s Maritime Finance unit served as sole lead arranger on a $93.7 million senior secured credit facility for Tanker Solutions, a shipping company managed by Prime Marine, an operator of international shipping vessels. read more

ELFF: Equipment Finance Industry Confidence Increases in September

Confidence in the equipment finance market rose in September compared to August numbers, according to the ELFF Monthly Confidence Index. read more

Encina EF Provides $10MM Lease Line to Crane Services Company

Encina Equipment Finance provided a $10 million equipment lease line to a crane services company. read more

White Oak Healthcare Refinances SNFs for Granite Investment

White Oak Healthcare Finance acted as sole lender and administrative agent on the funding of a $33.2 million senior credit facility for Granite Investment Group. read more

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