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Finitive Facilitates $100MM Loan to Equipment Finance Company

March 18, 2020, 09:00 AM
Filed Under: Equipment News
Related: Finitive

Finitive, a private credit platform providing institutional investors with direct access to alternative lending investments, announced it has closed a warehouse credit line with funding capacity up to $100 million for a U.S.-based equipment leasing company. The facility was provided by a non-U.S. investment manager with several billion in assets under management.

Finitive's platform, which includes a network of 500 institutional investors, enables non-bank lenders to match with investors based on criteria such as asset class, loan size, capital structure, target yield range and geography. Because the institutions on the platform are already under non-disclosure agreements, originators gain expedited and confidential access to a ready pool of potential investment partners.

"Loan originators seeking capital typically speak with 20+ potential investors before finding the right partner," said Jon Barlow, Finitive's founder and CEO. "Using the Finitive platform, this equipment leasing company was able to quickly identify five investors with the highest probability of providing funding, including non-U.S. investors with uniquely flexible funding capabilities. The company thus saved months of searching for the right lender, allowing management to quickly return to growing and scaling its core business."







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