Alternative funder in $8 million leasing deal

36th Street Capital, an alternative funding source supporting the equipment finance industry, has recently funded an $8 million lease financing of mission critical equipment for a provider of global security services.

Mark Horan, chief growth officer at 36th Street Capital, explained: “The lessee was having difficulty finding a financing solution due to its capital structure. Working closely with our origination partner, the team at 36th Street put significant effort into understanding the business and its future outlook.”

“Together, we crafted a solution that allowed the lessee to improve its cash flow and delivered on a quick close. At 36th Street, we do more than just look at the numbers. We take time to listen to the ‘story’ and provide much needed capital to US companies that have had challenges, so they can be great again. This transaction, our largest to date, is an excellent example of how we make that happen,” he said.

New Jersey-based 36th Street Capital was set up in 2014 and specializes in transactions with middle market companies who find it difficult to obtain credit from traditional industry sources.