Wintrust Commercial Finance, through one of its key capital markets partners, recently closed $10.0MM in Split-TRAC leases for cement mixers with a leading producer of  ready-mix cement and aggregates. The proceeds of the financing were used to manage the partner’s exposure to the company and provide availability to finance the acquisition of new assets for the company’s distribution operations.  “This transaction highlights WCF’s ability to respond quickly to market needs” said Tom Forbes, Senior Vice President of Capital Markets for Wintrust. “Our syndication source was looking for certainty of execution within a short time frame.  We were able to turn a credit approval within eight business days of learning of the opportunity and were ready to fund shortly thereafter” Forbes added.

Since its inception in April of 2016, Wintrust has committed to more than $500 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies in a variety of industries throughout the United States. WCF regularly invests in transactions in the $5 million to $30 million range with customers having B- to BB+ or comparable ratings.  WCF is a business unit of Wintrust Financial Corp.

About Wintrust Financial

Wintrust is a financial holding company with approximately $22 billion in assets and a common stock traded on the NASDAQ Global Select Market. The company provides traditional commercial and community banking services; asset-based lending; wealth management services; commercial insurance premium financing; mortgage origination; short-term accounts receivable financing; and certain administrative services, such as data processing of payrolls, billing and treasury management services. Wintrust was created as the alternative to the big banks, offering the solutions and services of larger competitors with the customer-focus and service that can only be found at a true community bank or local financial services company. The Wintrust Community Bank family has more than 150 community bank locations across the Chicagoland area, southern Wisconsin and northwest Indiana.