ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Wintrust Commercial Finance purchases $108 million loan and lease portfolio

Posted 11/04/2015

Frisco, TX – November 4, 2015 – Wintrust Commercial Finance (WCF) announced today that it has purchased a $108 million portfolio of seasoned loans, leases and municipal debt. The portfolio is secured by a variety of railcars, commercial helicopters, convenience stores, offshore remotely operated vehicles (“ROV’s”), construction equipment, and specific municipal and nonprofit assets. Kirk Phillips, President and CEO of WCF Finance stated “This portfolio acquisition accelerates our growth and demonstrates our capability as a growing and dynamic member of the equipment finance and leasing community. Our team has the breadth and depth of experience needed to close and fund complex transactions across the credit spectrum in an efficient and timely manner.” Since its inception in April, WCF has approved more than $350 million in financings. WCF is an equipment-focused financing group, headquartered in Frisco, Texas, offering sophisticated loan and lease products to commercial companies throughout the United States and Canada. Focus industries include transportation, construction, manufacturing, energy services, healthcare and restaurant/franchise financing, among others. WCF is a business unit of Wintrust Financial Corporation.

About Wintrust Wintrust Financial Corporation is a financial holding company with assets of approximately $22 billion whose common stock is traded on the NASDAQ Global Select Market. Built on the "HAVE IT ALL" model, Wintrust offers sophisticated technology and resources of a large bank while focusing on providing service-based community banking to each and every customer. Wintrust operates fifteen community bank subsidiaries with over 150 banking locations in the greater Chicago and southern Wisconsin market areas. Additionally, the Company operates various non-bank business units including one of the largest commercial insurance premium finance companies operating in the United States and Canada; a company providing short-term accounts receivable financing and value-added out-sourced administrative services to the temporary staffing services industry; a business unit engaging primarily in the origination and purchase of residential mortgages for sale into the secondary market throughout the United States; and companies providing wealth management services.

For more information contact: Kirk S. Phillips President and CEO – Wintrust Commercial Finance 469-777-5656

 

Organization
Phone Number
Fax Number