Encina Equipment Finance provided a $30 million equipment lease line to a healthcare provider. The transaction was structured as a sale-leaseback of medical equipment.

Reed Smith represented Encina Equipment Finance on the transaction.

Launched in June 2017, Encina Equipment Finance provides loans and leases ranging in size from $5 million to $50 million and secured by machinery and equipment. Earlier this year, Franklin BSP Lending and Franklin BSP Capital, business development companies advised by affiliates of Benefit Street Partners, acquired substantially all of the equity interests of Encina Equipment Finance.