Chrome Capital, a lessor of pre-owned Harley-Davidson motorcycles, announced it has closed on the first $40 million of an $80 million senior credit facility with Alostar Bank of Commerce and Comvest Capital, as co-lenders.
The proceeds of this warehouse line will retire debt and fund further expansion of Chrome’s industry leading lease platform for its nearly 700 dealers.
As more consumers choose to lease vehicles, Chrome Capital is positioned to serve dealer demand for additional financing options. “The Alostar and Comvest team, coupled with Chrome’s highly efficient infrastructure, facilitates three core objectives of our business,” said Peter Wasmer, chief executive officer of Chrome Capital. “Help our dealer partners put more riders on more bikes; create natural, debt free recurring customers; provide a superior customer service experience to both the dealerships and their lease customers.”