In the Marketplace

Thompson Coburn LLP announces that Marjorie Krumholz was appointed partner in charge of the firm's Washington, DC, office. She currently serves as vice-chair of the firm's Transportation practice. Ms. Krumholz's practice focuses on maritime and equipment finance, including leveraged leases and Title XI and Ex-Im Bank projects. She replaces David Straus, who held the position for the past eight years as the firm grew its presence in DC to nearly 30 attorneys.

CIT Group Inc. of New York has announced the establishment of a business referral relationship with Tokyo Leasing Co., Ltd,. a financial services company in Japan. Through this relationship CIT Vendor Finance is able to offer financing to its global vendor partners' customers in Japan as Tokyo Leasing will become CIT's preferred funding partner. In addition, the customer can access CIT and Tokyo Leasing for global vendor financing and structuring capabilities as they look to grow sales in Asia and around the world. Tokyo Leasing specializes in the leasing and installment sale of office and information equipment, industrial machine tools, medical technology as well as aircraft and vehicles.

In a separate announcement, CIT Group also announced a vendor financing agreement with Lennox Industries Inc., a subsidiary of Lennox International Inc. Under the terms of the agreement, CIT Vendor Finance will provide financing to commercial customers of Lennox's North American commercial contractors to upgrade their existing Heating Ventilation and Air Conditioning (HVAC) systems to Lennox's models.

LEAF Financial Corporation of Philadelphia, a subsidiary of Resource America, Inc. has moved to a new corporate headquarters at; One Commerce Square, 2005 Market Street, 15th Floor, Philadelphia, PA 19103. The move to the new facility is to support the growth that LEAF has experienced over the past two years. The new location will also be home to LEAF's two subsidiary companies; Merit Capital Advance, LLC and Prompt Payment, LLC.

Key National Finance of Superior, CO, has named Michael J. Swartz as managing director of its lease advisory and distribution services business. He will be responsible for the company's advisory, leverage lease and distribution activities. Most recently, Swartz was managing director of corporate acquisitions and capital markets for the Broe Group of Denver. Prior to Broe, he spent 12 years with G.E. Capital in commercial finance management, sales and marketing roles involving energy finance, capital funding, equipment finance and syndication.

Williams Scotsman, a Baltimore-based lessor of modular space solutions, announces the acquisition of approximately 330 mobile office and storage units from Texas-based General Modular Corporation. Financial terms of the acquisition were not disclosed. The transaction, which is structured as an asset purchase, is intended to support Williams Scotsman's fleet expansion strategy in Texas. The company operates a fleet of approximately 105,000 modular space and storage units that are leased through a network of 86 locations. In addition to its core leasing business, the company manages and develops permanent modular structures.

PayNet of Skokie, IL, has announced the release of PayNet MasterScore, a predictive pooled-data credit score developed for commercial equipment financing, and applicable for the full range of borrower industries and equipment types. The score was developed by a group of credit professionals and mathematicians using PayNet's data pool of over 12 million equipment loans and leases totaling over $550 billion, combining traditional credit expertise with cutting-edge modeling of the complex drivers that most impact the payback performance of term loans and leases. Unlike many other models, the MasterScore was built using data from both recent years and from the last recession, to help it better predict outcomes in both good times and bad.

Thompson Coburn LLP announces that Marjorie Krumholz was appointed partner in charge of the firm's Washington, DC, office. She currently serves as vice-chair of the firm's Transportation practice. Ms. Krumholz's practice focuses on maritime and equipment finance, including leveraged leases and Title XI and Ex-Im Bank projects. She replaces David Straus, who held the position for the past eight years as the firm grew its presence in DC to nearly 30 attorneys.

CIT Group Inc. of New York has announced the establishment of a business referral relationship with Tokyo Leasing Co., Ltd,. a financial services company in Japan. Through this relationship CIT Vendor Finance is able to offer financing to its global vendor partners' customers in Japan as Tokyo Leasing will become CIT's preferred funding partner. In addition, the customer can access CIT and Tokyo Leasing for global vendor financing and structuring capabilities as they look to grow sales in Asia and around the world. Tokyo Leasing specializes in the leasing and installment sale of office and information equipment, industrial machine tools, medical technology as well as aircraft and vehicles.

In a separate announcement, CIT Group also announced a vendor financing agreement with Lennox Industries Inc., a subsidiary of Lennox International Inc. Under the terms of the agreement, CIT Vendor Finance will provide financing to commercial customers of Lennox's North American commercial contractors to upgrade their existing Heating Ventilation and Air Conditioning (HVAC) systems to Lennox's models.

LEAF Financial Corporation of Philadelphia, a subsidiary of Resource America, Inc. has moved to a new corporate headquarters at; One Commerce Square, 2005 Market Street, 15th Floor, Philadelphia, PA 19103. The move to the new facility is to support the growth that LEAF has experienced over the past two years. The new location will also be home to LEAF's two subsidiary companies; Merit Capital Advance, LLC and Prompt Payment, LLC.

Key National Finance of Superior, CO, has named Michael J. Swartz as managing director of its lease advisory and distribution services business. He will be responsible for the company's advisory, leverage lease and distribution activities. Most recently, Swartz was managing director of corporate acquisitions and capital markets for the Broe Group of Denver. Prior to Broe, he spent 12 years with G.E. Capital in commercial finance management, sales and marketing roles involving energy finance, capital funding, equipment finance and syndication.

Williams Scotsman, a Baltimore-based lessor of modular space solutions, announces the acquisition of approximately 330 mobile office and storage units from Texas-based General Modular Corporation. Financial terms of the acquisition were not disclosed. The transaction, which is structured as an asset purchase, is intended to support Williams Scotsman's fleet expansion strategy in Texas. The company operates a fleet of approximately 105,000 modular space and storage units that are leased through a network of 86 locations. In addition to its core leasing business, the company manages and develops permanent modular structures.

PayNet of Skokie, IL, has announced the release of PayNet MasterScore, a predictive pooled-data credit score developed for commercial equipment financing, and applicable for the full range of borrower industries and equipment types. The score was developed by a group of credit professionals and mathematicians using PayNet's data pool of over 12 million equipment loans and leases totaling over $550 billion, combining traditional credit expertise with cutting-edge modeling of the complex drivers that most impact the payback performance of term loans and leases. Unlike many other models, the MasterScore was built using data from both recent years and from the last recession, to help it better predict outcomes in both good times and bad.