OnPoint Capital, LLC (OPC) announced this week the completion of its first marine tanker transaction. OPC advised its client on securing 50 million dollars in senior debt to finance the acquisition of ten vessels in July. The combination of a strong management team, asset value and operating history enabled a smooth closing. “OnPoint Capital is pleased to close its first major marine transaction,” said Walter Stranzl, OPC President. “We’re excited about the ongoing prospects in this niche market.” This is expected to be the first of several vessel financing transactions OPC will close.
OnPoint Capital is an equipment lessor and financial solutions provider. OnPoint partners with organizations to facilitate capital acquisitions through personalized service and customized financial products. The company’s core offerings consist of operating leases, capital leases and equipment finance agreements structured to meet the unique needs of each client. The firm’s primary industries include diversified industrial, copy/print, converged technology and energy. OnPoint leverages relationships to effectively connect vendors, end users, and financial institutions with flexible financial packages.