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Wintrust Commercial Finance Purchases $108MM Loan, Lease Portfolio

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Date: Nov 05, 2015 @ 07:11 AM
Filed Under: Industry News

Wintrust Commercial Finance (WCF) announced that it has purchased a $108 million portfolio of seasoned loans, leases and municipal debt.  The portfolio is secured by a variety of railcars, commercial helicopters, convenience stores, offshore remotely operated vehicles (“ROV’s”), construction equipment, and specific municipal and nonprofit assets.   Kirk Phillips, President and CEO of WCF Finance stated “This portfolio acquisition accelerates our growth and demonstrates our capability as a growing and dynamic member of the equipment finance and leasing community.  Our team has the breadth and depth of experience needed to close and fund complex transactions across the credit spectrum in an efficient and timely manner.” 

Since its inception in April, WCF has approved more than $350 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies throughout the United States and Canada. Focus industries include transportation, construction, manufacturing, energy services, healthcare and restaurant/franchise financing, among others. WCF is a business unit of Wintrust Financial Corporation.



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