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Element Expects to Originate $3.8B in Organic New Business in 2014

January 15, 2014, 07:04 AM
Filed Under: Industry News

Element Financial Corporation (“Element” or the “Company”), announced that it expects to organically originate more than $3.8 billion of new equipment loans and leases during 2014 across the Company’s five North American market verticals representing an increase of 80% over the $2.1 billion Element estimates it originated in 2013.

  • In the Company’s Commercial and Vendor Finance verticals, Element expects to originate approximately $1,188 million in new loans and leases in 2014 versus the $987 million estimated for 2013.
  • In the Aviation Finance vertical, the Company expects to increase its 2014 volume by 41% to $870 million versus the $654 million estimated for 2013.
  • In the Fleet Management vertical, the Company expects to grow its new business volume to $474 million in 2014 versus the $418 million estimated for 2013 which includes annualized volumes from the GE Capital Canadian fleet portfolio acquired in late June of that year.
  • Element’s new Railcar Finance vertical is expected to originate $1,350 million of new business in 2014 following the inauguration of the Company’s vendor alliance with Trinity Industries in December of last year when Element acquired an initial $102 million portfolio of railcar finance assets.

“Through the relationships that we have developed with our various manufacturing partners, from Dallas-based Trinity to Montreal-based Tremcar, we have visibility into the order books of these manufacturers which gives us line-of-sight to the organic origination volumes that we’ve used to build this strong outlook for 2014,” said Steven K. Hudson, Element’s Chairman and CEO.

With total assets of approximately $3.3 billion, Element Financial Corporation is one of North America’s leading equipment finance companies. Element operates across North America in five verticals of the equipment finance market – Commercial Finance, Vendor Finance, Aviation Finance, Railcar Finance and Fleet Management.







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