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36th Street Capital Closes $4MM Equipment Financing for Engineering Company

October 24, 2016, 07:05 AM

36th Street Capital recently funded a $4 million lease financing of cranes and additional mission critical equipment for a national engineering company focused on building infrastructure and renewable energy facilities in the U.S.

Mark Horan, Chief Growth Officer of 36th Street Capital explained, “We, and our Lessor partner who originated this transaction, are very excited about this closing. It again validates that we are meeting the need in the market for alternative capital.  By funding more challenging credits such as this, we help lessors grow originations while also supporting US companies that are unable to obtain traditional financing”.

36th Street Capital is an alternative funding source supporting the equipment finance industry.  The firm specializes in middle-market transactions spanning the CCC to BB+ credit spectrum, providing approvals and funding to companies who find it difficult to obtain credit from traditional industry sources.

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