Daily News: April 27, 2012

Northpoint Commercial Finance Enters Marine Industry

Newly formed Northpoint Commercial Finance, a diversified non-auto inventory finance company, announced its entry into the marine industry. Northpoint, with its team of highly experienced customer focused inventory finance professionals, is now in the marketplace aggressively contacting manufacturers and dealers.

The Northpoint team presents manufacturers and dealers with an additional financing option. The company said its primary goal is to provide credit lines supported by competitive programs, a state of the art on-line management system and an “easy to do business with” approach.

Dan Radley, Northpoint’s president, commented, “We are very excited about re-entering the industries that we have enjoyed working with for over 20 years. In addition, we appreciate the opportunity to partner with well-respected financial institutions to provide our potential customers an alternative source of financing.”

Alpharetta, GA-based Northpoint Commercial Finance is a diversified inventory finance company, which partners with manufacturers, distributors and dealers to provide financing solutions for their distribution channels. The company is controlled and majority owned by certain affiliates of Perella Weinberg Partners’ asset-based value strategy.