Stratus Financial, a consumer finance platform committed to providing student loans to aspiring student pilots at all levels of experience, secured a forward flow facility of up to $50 million from funds managed by Monachil Capital Partners. Stratus intends to use the new financing to originate new student loans. The new financing partnership includes an initial sale of Stratus’ existing portfolio of loans and will primarily support the origination of new loans.
“This level of partnership with Monachil Capital Partners represents a significant milestone in the evolution of our capital markets strategies,” Alan Rios, chief investment officer at Stratus. “This partnership not only underscores the growing sophistication of our approach but also reflects our commitment to fostering institutional relationships that drive our mission forward.”
“Stratus has built an impressive origination and servicing platform serving a highly-attractive niche in consumer lending. Stratus has a unique business model and generates attractive assets in an underserved market, providing much-needed solutions to consumers,” Jacob Zeldin, portfolio manager at Monachil, said. “We believe strongly in the company’s mission and look forward to supporting its growth plans with this new partnership.”
“This new financing agreement with Monachil Capital Partners aligns Stratus with a capital partner that shares our vision and enhances our ability to deliver impactful solutions to the aviation education market,” Anthony Geraci, CEO and co-founder of Stratus, said. “Monachil has proven to be a valuable partner, demonstrating a deep understanding of our business and values. We are excited to build this partnership and continuing to provide our borrowers with a seamless and exceptional lending experience.”
“This new round of funding will empower more aspiring aviators to earn their wings in 2024, solidifying Stratus’ position as the premier provider of flight training financing,” Brandon Martini, chief operating officer and co-founder of Stratus, said.
Edgar Matthews & Co served as exclusive financial advisor to Stratus on the transaction.
