36th Street Capital Partners announced the successful securitization of equipment loans and leases through a private loan transaction with pension and insurance companies as lenders. The Transaction involves the securitization of $138 million of “business essential” commercial equipment loans and leases, and includes two classes of loans with investment grade and non-investment grade ratings assigned by DBRS Morningstar. Amherst Pierpont Securities LLC (“APS”) served as exclusive Arranger of the Transaction.
“The success of this Transaction demonstrates the strong portfolio performance and track record delivered by the 36th Street team, as well as investor confidence in our business”, Kiran Kapur, Chief Executive Officer of 36th Street said. “It provides us with access to additional capital sources, supporting continued growth in assets under management, and affirms our commitment to utilizing term securitizations as an important source of liquidity going forward.”