36th Street Closes $8MM Financing for Energy Services Company
MAR 29, 2017 - 6:55 am
36th Street Capital funded an $8 million lease financing of mission critical equipment for a provider of electrical infrastructure and automation services to the oil and gas sector.
Mark Horan, chief growth officer at 36th Street Capital, said, “Due to challenges facing the energy industry, the customer was having difficulty finding sources of capital. Working with our origination partner, we focused on understanding how industry changes impacted the lessee’s operations. As a result, we were able to structure a facility that met the customer’s needs and helped the originator close on a difficult transaction. This deal is an example of exactly what 36th Street Capital hopes to achieve by providing liquidity to help lessors grow.”
36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies who find it difficult to obtain credit from traditional industry sources.
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
Sandra Graydus is the senior vice president of Operations & Customer Services at LEAF Commercial Capital, where she has been instrumental in helping LEAF double its assets as well as orchestrating two acquisitions in the two years since LEAF was... read more