Encina Lender Finance provided a $35 million senior credit facility to Uown Leasing, a consumer leasing platform focused on partnering with retailers of durable consumer goods (primarily furniture, bedding, wheel and tire, and appliances) to offer a lease-to-own financing product at the point-of-sale.
Founded in 2008 and based in Tampa, FL, Uown Leasing is majority owned by 777 Partners, which is a Miami-based investment firm focused on financial services businesses across insurance, lending, specialty finance and financial technology.
“We are excited to be partnering with Encina Lender Finance. The capital they are providing will give us the support to continue to grow the portfolio and gain market share in the lease-to-own space,” Daniel Klein, CEO of Uown Leasing, said.
