Grant Capital Management announced the financing of an $18.7 million equipment lease purchase agreement with Morgan State University, located in Baltimore.

A large percentage of the university’s data network infrastructure was at or near the end of its life cycle and was increasingly not meeting the university’s requirements to provide services to the university. This financing allowed Morgan State to purchase the equipment and services needed to address these issues and provide its students with a state of the art learning environment.

Grant Capital Management is a provider of lease financing to the public sector. The firm finances almost any type of essential-use capital equipment, real property or energy performance contract. Since 2000, it has funded over $5 billion in lease financings. Grant Capital designs master leases and lease-purchase agreements from $500,000 to $100 million, with terms up to 25 years.