Capital secured by machines that earn their keep.
We finance and own income-producing equipment for operators across construction, transportation, industrial and healthcare end markets, structured against hard collateral and the cash flow it generates.
- Role
- Lender & lessor
- Security
- Hard, titled collateral
- Structures
- Loans · Leases · Sale-leasebacks
- Decision
- Principals, in days
Asset-backed capital against the equipment that operating businesses actually run on, underwritten to collateral and cash flow.
Middle-market operators are chronically underserved by bank equipment desks that price on credit rating rather than on the asset in front of them. We underwrite the machine (its residual, its utilization, its market for resale) alongside the borrower's cash flow, which lets us support businesses that are perfectly good credits and simply do not fit a bank's box. Because the capital is ours, we can size, price and close a facility in the time an operator actually has, which is usually shorter than a bank's calendar.
How we underwrite
Collateral we can value and re-market
Titled, serialized, liquid equipment with an observable secondary market. If we cannot form our own view of residual value, we do not lend against it.
Operators, not intermediaries
We prefer to know the business running the equipment, including its contracts, its backlog and its utilization, rather than to buy paper someone else originated.
Advance rates set for the downside
Structure is sized so an orderly liquidation, not a going-concern assumption, protects principal.
Speed as the product
Equipment decisions are usually driven by a delivery date or a contract award. Our value is a firm answer inside that window.
How a position in this platform is actually built.
Structure, position and behavior after close, stated plainly, because that is what a counterparty is really evaluating.
- Transaction types
- Equipment term loans, capital and operating leases, sale-leasebacks that release trapped balance-sheet equity, and fleet or portfolio facilities for growing operators.
- End markets
- Construction and site work, transportation and logistics, manufacturing and industrial, healthcare and senior care equipment.
- Security
- First position on titled collateral, with guarantees and covenants set to the situation rather than to a standard form.
- Servicing
- Held and serviced in-house. Borrowers deal with the people who approved the credit for the life of the facility.
Operators, dealers and intermediaries with a machine, a delivery date and a financing gap can get a candid indication quickly.