OnPoint Capital completed its first marine tanker transaction, advising a client on securing $50 million in senior debt to finance the acquisition of 10 vessels in July.

“OnPoint Capital is pleased to close its first major marine transaction,” Walter Stranzl, president of OnPoint Capital, said. “We’re excited about the ongoing prospects in this niche market.”

According to OnPoint Capital, this is expected to be the first of several vessel financing transactions it will close.

OnPoint Capital is an equipment lessor and financial solutions provider.