Altriarch Asset Management provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC.  The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices.  Proceeds from the transaction enabled LeasePoint to refinance existing debt and will provide additional runway to scale its equipment financing business in order to meet growing demand for its funding solutions.

Considering LeasePoint’s recent growth and the expected expansion in the equipment financing industry, LeasePoint was in need of an efficient capital provider.  Altriarch and LeasePoint acted quickly to close on a $20 million senior secured revolving line of credit. The facility includes a $20 million accordion, giving LeasePoint the flexibility to increase the total line amount to $40 million.  Following the execution of a term sheet, the entire process took less than 45 days.

“We’re proud to support the growth of LeasePoint and help them scale into a larger player within the equipment financing industry,” said Danielle Brown, Managing Partner and Co-CEO of Altriarch.  “This facility ensures that our client has the working capital necessary to support its rapid expansion driven by increased customer demand and well-established origination sources for continued deal flow.”

“It has been great to work with the Altriarch team throughout the diligence and closing process. Their team made the transition easy for us and we look forward to further solidifying our relationship over the next few years,” commented Jeff Markim, Founder & CEO at LeasePoint.

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