Stellify Capital, a specialty finance platform serving the third-party (TPO) originations channel, closed an up to $75 million credit facility with Wells Fargo Bank.
This facility follows the company’s announcement in January of a $75 million facility from Sun Life Capital Management and the launch of Stellify in September 2025.
Stellify Capital is led by the former full leadership team of Pawnee Leasing.
“Stellify’s launch has been exceptional and our success is attributed to the remarkable efforts of our very accomplished team and our amazingly supportive TPO partners, underpinned by perhaps the most experienced bank lender in equipment finance in Wells Fargo” Gary Souverein, president of Stellify Capital, said. “We are very thankful for the confidence in Stellify that Wells Fargo’s commitment represents.”
Stewart Hayes, managing director/senior vice president of lender finance at Wells Fargo Bank, added, “As a prior lender to the Stellify management team, we were pleased to renew our partnership with Stellify and have constructed a facility to support their business for many years to come. With Stellify’s experience, ownership group and financial platform they are well positioned to support the third-party channel, and recreate the well-respected brand and enterprise their team was synonymous with.”
