Tetra Financial completed the purchase of an approximately $15 million portfolio of commercial leases and loans from a national bank.

The purchase was completed at the close of Q1/16 and contained transactions representing a diverse array of underlying assets from a wide range of industries, including some distressed or difficult-to-finance industries such as the hospitality and energy sectors. Tetra Financial was able to underwrite every transaction within the portfolio. Tetra closed on the purchase within weeks without using outside financing.

“This transaction represents significant aspects of our business model and growth strategy as a company,” said Jordan Greenwell, Tetra’s chief credit officer. “We look for strategic opportunities where we can quickly put our distinctive approach to credit analytics and our internal financing capabilities to both serve our customers and grow our business. Ultimately, that allows us to move quickly and has enabled us to execute on this purchase in such a short amount of time.”