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Encina Lender Finance Provides $35MM Senior Credit Facility to Uown Leasing

April 08, 2021, 08:00 AM
Filed Under: Lender Finance

Encina Lender Finance 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,” said Daniel Klein, CEO of Uown Leasing.

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