Mitsubishi UFJ Lease and Finance USA closed $413 million in new lease and loan transactions in 2017, growing its portfolio to $614 million.

In 2016, MULUSA launched a new U.S. leasing division that is headquartered in San Diego, and led by David Coons, managing director. The new division originated $217 million in 2017, and has grown its team to 30 employees and complements MULUSA’s existing U.S. platform which provides financing to Japanese companies in the country.

MULUSA is a wholly owned subsidiary of Mitsubishi UFJ Lease and Finance in Japan.