The Equipment Leasing & Finance Foundation’s April 2024 Monthly Confidence Index for the Equipment Finance Industry reported that overall confidence in the equipment finance market is 52.9, the second-highest mark for the index in the last two years but a decline from last month’s mark of 55.2. read more

APR 18, 2024 - 6:31 am

North Mill Equipment Finance closed its seventh asset-backed securitization, NMEF Funding 2023-A. read more

SEP 22, 2023 - 6:57 am

North Mill Equipment Finance won the GlobalCapital US Securitization Award for ABS Deal of the Year for 2022 for its NMEF 2022-A equipment loan securitization. read more

JUN 14, 2023 - 6:58 am

North Mill Equipment Finance, an independent commercial equipment lender located in Norwalk, CT, launched its online customer portal, a feature-rich digital platform designed to help the company’s nearly 15,000 customers self-manage their accounts 24/7. read more

JAN 18, 2023 - 7:12 am

North Mill Equipment Finance (NMEF), an independent commercial equipment lender located in Norwalk, CT, reported its organic lease and loan originations reached an all-time high and financial and operational key performance indicator exceeded all expectations in 2022. read more

JAN 10, 2023 - 7:22 am

North Mill Equipment Finance closed its sixth commercial equipment-backed securitization, NMEF Funding 2022-B. The $353 million transaction is North Mill’s second ABS transaction this year, bringing the company’s total privately placed bond proceeds raised this year to $724 million.  read more

OCT 18, 2022 - 7:12 am

North Mill Equipment Finance set a company record by recording $109 million in first quarter loan and lease originations in Q1/22, which was up 99% from the same period last year. read more

APR 5, 2022 - 6:34 am

North Mill Equipment Finance closed its fifth commercial equipment-backed securitization (ABS), NMEF Funding 2022-A. The $371.07 million transaction represents North Mill’s largest ABS issuance to date, surpassing its $236.588 million ABS issuance in March 2021. read more

MAR 7, 2022 - 6:15 am

North Mill Equipment Finance reported that its originations for Q2/21 exceeded a company record-breaking $120 million. The company also set a new record for June, as originations closed at just under $26 million, marking the best month in the company’s history. read more

JUL 7, 2021 - 6:40 am

North Mill Equipment Finance closed its fourth commercial equipment backed securitization, NMEF Funding 2021-A. The $236.588 million ABS issuance, North Mill’s largest, featured five tranches of notes, achieving a roughly 86% advance rate through the Class D note. read more

MAR 22, 2021 - 6:30 am

North Mill Equipment Finance promoted Mark Bonanno to president and chief operating officer. Bonanno is a certified public account. He joined the company as CFO in September 2016 and was promoted to COO in August 2018. read more

FEB 23, 2021 - 6:37 am

North Mill Equipment Finance reported that 2020 featured the best 12 months in the company’s 60-year history, as loan and lease originations reached an all-time high. read more

JAN 5, 2021 - 6:58 am

North Mill Equipment Finance increased the size of its senior loan facility with Deutsche Bank to $125 million to support 2020 originations. Additionally, North Mill closed a new $50 million senior loan facility with Truist Bank in December. The new loan facility increased North Mill’s total credit availability to $205 million. read more

DEC 28, 2020 - 6:14 am

Since assuming the role of CEO in 2018, David Lee and his management team have drastically shifted the originations at North Mill Equipment Finance (NMEF) from $2 million to $3 million per month to $15 million per month in funded volume. ... read more

Sept/Oct 2020

In a Q&A, leaders from several funding sources discuss deal flow, marketplace competition and working with brokers. As some deals become dicey, they stress the importance of knowing your deal and maintaining deep due diligence. ... read more

Mar/Apr 2020