Utica Leaseco recently completed two transactions totaling $2.2 million.
First, the company and its cannabis industry partner completed a financing of $1.5 million secured by real estate and equipment to a cannabis producer in Michigan.
Utica Leaseco also provided a $700,000 refinance secured by machinery and equipment to a machining and fabrication company located in Illinois and Tennessee. By utilizing the equity in two facilities, Utica Leaseco provided working capital to grow the client’s operations and lower its monthly obligations.
