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In The Marketplace
Key Equipment Finance of Superior, CO has announced the appointment of Kevin Freidheim as vice president and director of the company's construction and industrial segment. He will be responsible for overseeing Key Equipment Finance's lease programs for construction and industrial equipment dealers and manufacturers. Key Equipment Finance recently acquired American Express Business Finance, the equipment leasing unit of American Express' small business division.
Sovereign Bank of Wyomissing, PA has announced that Peter A. Ferrara, Sr., managing director of the Commercial Equipment and Vehicle Financing Division, will relinquish his day-to-day responsibilities as head of the division. He will remain with the bank as an executive vice president, focusing on assisting the bank in developing new products and services for business owners. Peter LaMariana, senior market manager for the Commercial Equipment and Vehicle Financing Division, will be responsible for managing the group's day-to-day activities. The division will become a part of Sovereign's Equipment Leasing group under the management of J. Christopher Swanton, managing director.
Resource America Inc. of Philadelphia has announced that its wholly owned leasing subsidiary LEAF Financial Corporation has expanded its lease origination capability and assets under management with the business acquisition of Allco Leasing and Financial Services of Lake Oswego, OR. The acquisition includes a portfolio of leases with a value of $27 million. In addition LEAF will be gaining experienced leasing personnel in a strategic West Coast location. After this acquisition, LEAF will manage approximately $250 million of leases for its own account, for institutions and for third-party investors. The acquisition was facilitated by the investment banking services of Diversity Capital, LLC, and bridge financing was provided by the Philadelphia office of National City Bank. Allco Leasing and Financial Services is a commercial equipment finance company established in 1977 that specializes in small to mid-ticket equipment leasing and originates funds, services, and acquires leases primarily in the western United States. In its nearly 30 years of operations, it has originated more than $300 million in equipment leases.
TCF Leasing, Inc. of Minnetonka, MN has changed its name to TCF Equipment Finance, Inc. TCF Express Leasing, a trade name for TCF Leasing, will also begin operating as TCF Equipment Finance. TCF Equipment Finance provides equipment finance solutions for a wide range of targeted industries and vendor programs nationwide.
Key Equipment Finance of Superior, CO has announced the appointment of Kevin Freidheim as vice president and director of the company's construction and industrial segment. He will be responsible for overseeing Key Equipment Finance's lease programs for construction and industrial equipment dealers and manufacturers. Key Equipment Finance recently acquired
Sovereign Bank of Wyomissing, PA has announced that Peter A. Ferrara, Sr., managing director of the Commercial Equipment and Vehicle Financing Division, will relinquish his day-to-day responsibilities as head of the division. He will remain with the bank as an executive vice president, focusing on assisting the bank in developing new products and services for business owners. Peter LaMariana, senior market manager for the Commercial Equipment and Vehicle Financing Division, will be responsible for managing the group's day-to-day activities. The division will become a part of Sovereign's Equipment Leasing group under the management of J. Christopher Swanton, managing director.
Resource America Inc. of Philadelphia has announced that its wholly owned leasing subsidiary LEAF Financial Corporation has expanded its lease origination capability and assets under management with the business acquisition of Allco Leasing and Financial Services of Lake Oswego, OR. The acquisition includes a portfolio of leases with a value of $27 million. In addition LEAF will be gaining experienced leasing personnel in a strategic West Coast location. After this acquisition, LEAF will manage approximately $250 million of leases for its own account, for institutions and for third-party investors. The acquisition was facilitated by the investment banking services of Diversity Capital, LLC, and bridge financing was provided by the Philadelphia office of National City Bank. Allco Leasing and Financial Services is a commercial equipment finance company established in 1977 that specializes in small to mid-ticket equipment leasing and originates funds, services, and acquires leases primarily in the western United States. In its nearly 30 years of operations, it has originated more than $300 million in equipment leases.
TCF Leasing, Inc. of Minnetonka, MN has changed its name to TCF Equipment Finance, Inc. TCF Express Leasing, a trade name for TCF Leasing, will also begin operating as TCF Equipment Finance. TCF Equipment Finance provides equipment finance solutions for a wide range of targeted industries and vendor programs nationwide.
'Huguenot LLC v. Megalith Capital Group Fund I, L.P.': A Tutorial On Contract Liability for Real Estate Purchasers
In June 2024, the First Department decided Huguenot LLC v. Megalith Capital Group Fund I, L.P., which resolved a question of liability for a group of condominium apartment buyers and in so doing, touched on a wide range of issues about how contracts can obligate purchasers of real property.
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