36th Street Closes $6MM Financing for Green Energy Company
OCT 9, 2019 - 6:05 am
36th Street Capital funded a $6 million equipment financing for an energy services company that provides fuel cell solutions to commercial clients.
“This was a sale lease back for a green energy company experiencing rapid growth, servicing Fortune 500 companies” said Mark Horan, chief growth officer at 36th Street. “Based on the collateral, business model and strong customer base, we were able to get comfortable with the company’s path to profitability. We were pleased we could structure a transaction that provided additional liquidity to the company and achieved a successful outcome for our origination partner.”
36th Street Capital Partners is an independent provider of alternative funding solutions for the equipment financing industry with offices in New Jersey, Utah and California.
The COVID-19 pandemic has forced many lenders in the equipment finance industry to pivot their strategies to the online or digital environment. This may include payment modifications, self-service capabilities and increased bandwidth for online transactions. The equipment finance industry has... read more
Paul Fogle spent the first 23 years of his career in commercial real estate, working for a large bank and a Wall Street firm, with private investment banking firms, and as an independent broker and third-party originator. In 2012, Quality... read more