Atlanta, GA – Encina Lender Finance, LLC (“ELF”) announced today that it has provided a $35 million senior credit facility to Speed Leasing Company, LLC (“Speed Leasing”), a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to consumers.
Founded in 2017 and based in Dania Beach (FL), Speed Leasing is majority owned by 777 Partners LLC (“777”). Operating in the used motorcycle financing sector, the company offers a leasing alternative to consumers with challenged credit.
“We are excited about partnering with Encina,” said Gary Silverhardt, Chief Executive Officer of Speed Leasing. “The new credit facility provides us with additional capacity to continue growing our motorcycle leasing business, and we look forward to working with ELF to achieve that growth.”
About 777 Partners
777 is a Miami-based investment firm that invests across a broad spectrum of the financial services sector, including insurance, lending, specialty finance, and financial technology. Operating in attractive markets and, frequently, esoteric asset classes, 777 seeks to make control investments throughout the business life cycle in companies with scalable profiles and ambitious management teams. The 777 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, please visit https://www.777part.com/. For more information about Speed Leasing, please visit https://speedleasing.com/.