Atlanta, GA – April 8, 2021 – Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $35 million senior credit facility to Uown Leasing, which is a technology-enabled, consumer leasing platform focused on partnering with retailers of durable consumer goods (primarily furniture, bedding, wheel & tire, and appliances) to offer a lease-to-own financing product at the point-of-sale.
Founded in 2008 and based in Tampa (FL), Uown Leasing is majority owned by 777 Partners and strives to provide credit challenged consumers access to financing through its alternative product.
“We are excited to be partnering with Encina Lender Finance. The capital they are providing will give us the support to continue to grow the portfolio and gain market share in the lease-to-own space.”Daniel Klein, CEO of Uown Leasing
About 777 Partners
777 Partners is a Miami-based investment firm focused on a broad spectrum of financial services businesses across insurance, lending, specialty finance, and financial technology. Operating in attractive markets and often times esoteric asset classes, 777 seeks to make control investments across the business life cycle in companies with scalable profiles and ambitious management teams. 777 Partners senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, insurance, financial technology, actuarial science, asset management, structured-credit, ABS, risk, analytics, complex commercial litigation and computer science. For more information on 777 Partners, please visit https://www.777part.com.