Equipment Finance News

Monroe Credit Advisors in $87.5 million lease deals

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Monroe Credit Advisors, the boutique financial and debt advisory affiliate of middle market lender Monroe Capital, has announced that it has recently placed $87.5 million of lease financing.

The financing covered four separate clients representing a variety of industries and leasing products.

Linda Crothers, managing director at Monroe Credit Advisors, said: “We experienced strong demand for our lease advisory services in 2016.

“Tightened credit standards from many lending institutions have left middle market borrowers unsure where to turn to get optimum pricing and terms for their equipment finance needs.

“With decades of experience underwriting and syndicating lease transactions, our team excels at helping our clients find their ideal financing partner and solution.”

The advisory firm says it continues to successfully raise capital for companies and private equity backed businesses that are seeking a debt solution that requires relationships beyond the local bank market.

The deals it has announced include a $22million lease secured by equipment for a newly-formed investment group seeking to purchase the majority interest in a Southwest-based middle market trucking company.

It has also funded the $40million sale and leaseback of proprietary software system assets for a US-based financial services company and a $20millon syndication of leases for a large aviation equipment leasing company seeking to reduce exposure to a specific client.

There has also been a $5.5million equipment lease for a leading technology company owned by a large sponsor.

Brent Krambeck, co-managing partner of Monroe Credit Advisors, said: “We are very pleased with the growth and success of our lease advisory practice. Our expertise within the lease capital markets, broad network of lender relationships, and tailored placement process allows us to consistently deliver value-added solutions for our clients in an efficient and cost-effective manner.”