Stellify Capital, a specialty finance platform serving the third-party (TPO) originations channel, closed an up to $75 million credit facility with Wells Fargo Bank.
This facility follows the company’s announcement in January of a $75 million facility from Sun Life Capital Management and the launch of Stellify in September 2025.
In less than twelve months, Stellify has launched its business ‘de novo’, closed a total of $150 million in funding facilities with two well-known lenders in the equipment finance market and reintroduced an acknowledged industry leading team to the national market. Stellify Capital is led by the former full leadership team of Pawnee Leasing.
“Stellify’s launch has been exceptional and our success is attributed to the remarkable efforts of our very accomplished team and our amazingly supportive TPO partners, underpinned by perhaps the most experienced bank lender in equipment finance in Wells Fargo” Gary Souverein, president of Stellify Capital, said. “We are very thankful for the confidence in Stellify that Wells Fargo’s commitment represents.”
“As a prior lender to the Stellify management team, we were pleased that they have selected Wells Fargo to support their business plan,” said Stewart Hayes, Managing Director at Wells Fargo Capital Finance. “We value our relationship with the team and look forward to working together as they execute on their strategic priorities.”
