36th Street Capital announced it recently funded a $10 million equipment financing of barges and marine equipment for a marine transportation equipment company.
“We’re very excited to get this deal closed in the first quarter,” said Mark Horan, Chief Growth Officer. “Our originations partner, a large captive finance company, was looking for a capital partner to help manage their exposure. The “storied credit” profile of the obligor was not a fit for traditional financing partners. As an independent provider of alternative capital, we were able to step-in and fill the void.”
36th Street Capital is an alternative funding source supporting the equipment finance industry. The firm specializes in transactions with middle market companies who find it difficult to obtain credit from traditional industry sources.
About 36th Street Capital
36th Street Capital Partners, LLC is an independent provider of alternative funding solutions for the equipment financing industry. Headquartered in Morristown, New Jersey, the firm provides growth capital or liquidity options to middle market companies nationwide through loan and lease transactions. 36th Street Capital Partners, LLC is a joint venture affiliate of BlackRock TCP Capital Corp (NASDAQ: TCPC). For more information, visit www.36thstreetcapital.com
For additional information please contact:
Mark Horan
mhoran@36thstreetcapital.com
908-741-8452