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36th Street Capital Receives $50MM Credit Facility from Capital One

July 27, 2017, 07:18 AM
Filed Under: Industry News

Capital One announced that it has closed a three-year, $50 million expandable senior secured revolving credit facility for 36th Street Capital Partners.

“We are excited to provide 36th Street Capital with its inaugural credit facility,” said Dan Tsacoumangos, Director at Capital One’s Financial Institutions Group. “The leadership team at the company is exceptional. They have a differentiated strategy and strong support from their joint venture with Tennenbaum Capital Partners.”

Founded in 2014, 36th Street Capital is an independent equipment finance company specialized in structuring customized financing solutions for middle market companies seeking alternative funding sources. It partners with lessors, private equity firms, and advisory firms to originate equipment leases and loans for their clients.

“Capital One structured a customized credit facility designed to help us execute on our long-term growth strategy,” said Kiran Kapur, 36th Street Capital’s Co-Founder and CEO. “Their support will allow us to build on the momentum we have already established and improve our ability to bring creative funding solutions to the equipment financing marketplace.”

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