36th Street Capital Completes $138MM Inaugural Loan Securitization Transaction
MAR 11, 2021 - 6:28 am
36th Street Capital Partners completed a securitization of equipment loans and leases through a private loan transaction with pension and insurance companies as lenders. The transaction involves the securitization of $138 million of “business essential” commercial equipment loans and leases and includes two classes of loans with investment grade and non‐investment grade ratings assigned by DBRS Morningstar.
Amherst Pierpont Securities served as exclusive arranger of the transaction.
“The success of this transaction demonstrates the strong portfolio performance and track record delivered by the 36th Street team, as well as investor confidence in our business,” Kiran Kapur, CEO of 36th Street Capital Partners, said. “It provides us with access to additional capital sources, supporting continued growth in assets under management, and affirms our commitment to utilizing term securitizations as an important source of liquidity going forward.”
36th Street Capital Partners is an independent provider of equipment financing solutions.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
There’s much talk about the need for innovation and focusing on well-being in our teams. But what does that look like day-to-day? What if we bring those two ideas together and focus on the human side to create safety to... read more
While the majority of diversity, equity and inclusion actions and efforts fall on organizations as a whole, there are actionable steps that people of color and other marginalized groups can utilize within the corporate workplace to ensure they are presented... read more