Wintrust Commercial Finance purchased a $108 million portfolio of seasoned loans, leases and municipal debt.
The portfolio is secured by a variety of railcars, commercial helicopters, convenience stores, offshore remotely operated vehicles, construction equipment and specific municipal and nonprofit assets.
“This portfolio acquisition accelerates our growth and demonstrates our capability as a growing and dynamic member of the equipment finance and leasing community,” said Kirk Phillips, president and CEO of Wintrust Commercial Finance. “Our team has the breadth and depth of experience needed to close and fund complex transactions across the credit spectrum in an efficient and timely manner.”
Since its inception in April, WCF has approved more than $350 million in financings.
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