Altriarch Closes $40 Million Senior Debt Facility for LeasePoint Funding Group, LLC

Charleston, S.C., October 17, 2024 – Altriarch Asset Management (“Altriarch”) today announced that it has provided a $40 million senior secured revolving line of credit to LeasePoint Funding Group, LLC (“LeasePoint” or the “Company”).  The Company, based in Austin, Texas, is a rapidly growing equipment financing company that provides working capital to medical practices.  Proceeds from the transaction enabled LeasePoint to refinance existing debt and will provide additional runway to scale its equipment financing business in order to meet growing demand for its funding solutions.

Considering LeasePoint’s recent growth and the expected expansion in the equipment financing industry, LeasePoint was in need of an efficient capital provider.  Altriarch and LeasePoint acted quickly to close on a $20 million senior secured revolving line of credit. The facility includes a $20 million accordion, giving LeasePoint the flexibility to increase the total line amount to $40 million.  Following the execution of a term sheet, the entire process took less than 45 days.

“We’re proud to support the growth of LeasePoint and help them scale into a larger player within the equipment financing industry,” said Danielle Brown, Managing Partner and Co-CEO of Altriarch.  “This facility ensures that our client has the working capital necessary to support its rapid expansion driven by increased customer demand and well-established origination sources for continued deal flow.”

“It has been great to work with the Altriarch team throughout the diligence and closing process. Their team made the transition easy for us and we look forward to further solidifying our relationship over the next few years,” commented Jeff Markim, Founder & CEO at LeasePoint.

About LeasePoint

LeasePoint is a rapidly growing fintech company specializing in equipment capital, setting a new standard for speed and simplicity. LeasePoint leverages relationships with equipment manufacturers to provide equipment financing to small and medium-sized healthcare businesses across the US. Based in Austin, Texas, LeasePoint has developed proprietary loan origination and servicing software that features automated underwriting, one-page documents, and same-day funding, delivering the fastest and easiest process in the market. To learn more, visit www.leasepoint.com.

About Altriarch

Altriarch provides non-bank commercial lenders across the nation with streamlined access to tailored lender financing solutions.  The Company’s extensive operational background empowers lenders by alleviating capital constraints, enhancing borrower relationships, and facilitating business expansion within the competitive landscape.  With meticulously structured facilities that align with the precise cash flow requirements of borrowers, Altriarch is the trusted partner for lenders seeking capital to fuel business expansion.  To learn more, visit altriarch.com.

Source: https://www.sfnet.com/home/industry-data-publications/the-secured-lender/tsl-express-daily-articles-news/tsl-express-daily-articles-news/2024/10/16/altriarch-closes-$40-million-senior-debt-facility-for-leasepoint-funding-group-llc?_zs=VDk6n&_zl=a5w73