Verdant Commercial Capital has surpassed $2 billion in equipment financing originations since the company’s inception in 2017. This milestone means the company has reached its second billion in half the time it took to reach its first billion.
Verdant Commercial Capital expanded its funding capacity with the addition of a new $150 million warehouse line of credit provided by Bank of America.
Verdant Commercial Capital’s increased its primary warehouse line of credit, led by Wells Fargo Bank, to $225 million with the addition of Regions Bank as a participant in the lending group.
Verdant Commercial Capital celebrated its fifth anniversary recently. Verdant is also positioned to reach nearly $600 million in annual originations by the end of 2022.
Verdant Commercial Capital signed a multiyear program agreement with Synovus Bank to provide a new equipment finance offering — Synovus Equipment Leasing — for Synovus Bank commercial customers.
Verdant Commercial Capital closed on a $75 million subordinated debt facility provided by Värde Partners, an alternative investment firm.
Verdant Commercial Capital expanded its funding capacity through the addition of a $200 million warehouse facility with Wells Fargo Bank. Concurrently, Verdant extended its existing corporate facility with Wells Fargo Lender Finance.