News

CIT Arranges $36.8MM Financing for Bakersfield Heart Hospital

CIT Group’s Healthcare Finance business served as sole lead arranger for $36.8 million in financing for the real estate acquisition of the Bakersfield Heart Hospital by The Sanders Trust. read more

CIBC Provides Parchment with $7MM Growth Capital Financing

CIBC Innovation Banking has closed a $7 million growth capital financing for Parchment a company that digitizes and distributes education credential records, ranging from K-12, colleges and universities, to trade schools. read more

Stonebriar Closes Fifth Equipment Securitization Transaction for $650MM

Stonebriar Commercial Finance closed its previously announced fifth commercial equipment asset-backed securitization, SCFET 2019-1, a $650 million ABS issuance with top tranches rated triple A. read more

Fed Fines Standard Chartered $164MM

The Federal Reserve Board has fined Standard Chartered Bank of London and its parent company $164 million for the firm's unsafe and unsound practices relating to inadequate sanctions controls and failure to disclose sanctions risks to the Federal Reserve. read more

Study: Private Companies Still Not Ready for New Lease Accounting Rules

To provide a quantitative progress report on the status of compliance efforts for private companies of the new lease accounting regulations, LeaseAccelerator conducted a research study in late January 2019. The study showed private companies are reporting a lower state of readiness than public companies showed in last year's survey at this time. read more

Macquarie Appoints Co-Head of Aerospace, Defense and Government Services

Macquarie Capital has appointed Timothy Alden as a managing director. Alden will co-head the firm’s aerospace, defense and government services coverage alongside co-head Jeremy Parker. read more

Med One Books 8-Figure Lease With Large East Coast Health Care Provider

In March, Med One Group booked a lease totaling more than $28 million for a large healthcare company based in Virginia. read more

ELFF Economic Outlook Forecasts 4.5% Expansion In Equipment/Software Investment

After two consecutive solid years, equipment and software investment growth is likely to slow in 2019 to 4.5 percent, according to the Q2 update to the 2019 Equipment Leasing & Finance U.S. Economic Outlook released today by the Equipment Leasing & Finance Foundation. read more

Ascentium Capital Surpasses $5 Billion in Funded Volume

Ascentium Capital reported first quarter funded volume of $314.3 million, representing a 13.5 percent increase over the same period last year and managed assets at $2.1 billion. read more

Liberty Capital Reaches $150 Million Funding Milestone

Liberty Capital Group has just passed a new funding milestone of $150 million. Comprised of term-loans, business cash advances and equipment leasing, the capital for this funding was sourced from direct funding, syndication and through a network of lenders across the nation. read more

Duran Joins Bancorp SB Lending Team

Jimmy Duran has joined The Bancorps’ Small Business Lending team in the role of vice president, SBA Business Development Officer. read more

CSI Hires Industry Veteran Hamilton

Industry veteran, Matt Hamilton, has joined CSI Leasing as vice president. He will be responsible for lease origination throughout the U.S., with an emphasis on global opportunities. read more

ACT Research: Freight Recession Possible, Rate Recession Likely

ACT Research released a new monthly report focusing on the future of the U.S. trucking industry, titled ACT Freight Forecast, U.S. Rate and Volume OUTLOOK. The report covers the truckload, intermodal, LTL and last mile sectors. read more

TimePayment Completes Acquisition of Kingswood Leasing

Fintech company TimePayment has acquired Kingswood Leasing, a provider of specialized sales financing solutions for equipment sellers in the restaurant, food services, hospitality and c-store industries. read more

Air Lease Places Three New Boeing 787-9 Aircraft with Air Premia

Air Lease closed long-term lease agreements with Air Premia (South Korea) for three new Boeing 787-9 aircraft, all scheduled for delivery in 2020. The three Dreamliner aircraft are scheduled to deliver starting in Summer 2020 through Fall 2020 from ALC’s order book with Boeing. read more

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