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Wintrust Commercial Finance Funds $11MM Building Materials Distributor

July 05, 2016, 07:22 AM

Wintrust Commercial Finance, through its Capital Markets team and in coordination with two of its valued syndication partners, recently closed $11MM in leases for distribution equipment with a leading supplier of building and specialty materials. The proceeds of the lease were used to finance the acquisition of equipment for the customer’s delivery fleet.

Kirk Phillips, President and CEO, states, “This transaction demonstrates our commitment helping clients build their businesses via a tailored funding solution.  We were able to efficiently process multiple funding dates with a variety of asset delivery schedules to meet the customer’s equipment needs.”

Since its inception in April of 2016, Wintrust has committed to more than $450 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies in a variety of industries throughout the United States. WCF regularly invests in transactions in the $5 million to $30 million range with customers having B- to BB+ or comparable ratings.  WCF is a business unit of Wintrust Financial Corp.

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