36th Street Capital Funds $10MM in Financing for Marine Transportation Equipment Company

36th Street Capital funded $10 million in 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,” Mark Horan, chief growth officer for 36th Street Capital, said. “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.”

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