Specialist provides $17.5 million in public sector leasing

Baltimore-based Grant Capital Management, a specialist in lease financing for the public sector, has closed three equipment lease agreements totaling $17.5 million.

The first of the leases is with the city of Hartford, Connecticut, and is valued at $8.7 million. The second is a five-year, $1.9 million vehicle finance lease with Fulton County, Georgia. The third was an equipment contract lease of $6.9 million with the District of Columbia Government in Washington D.C.

The agreement with Hartford will be used to purchase titled equipment and essential capital equipment. The deal with Fulton will be used to replace 105 county vehicles, as part of a seamless funding process which allows the county to finance vehicles on demand. The transaction with the District of Columbia will be used to finance the purchase and installation of public safety vehicles, buses, trucks and IT equipment for various government agencies.

Since 2000, Grant Capital Management has funded over $5 billion in lease financings.