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

October 06, 2021, 07:55 AM
Filed Under: Lender Finance

Encina Lender Finance provided a $35 million senior credit facility to Speed Leasing Company, LLC, a technology-enabled, specialty finance company engaged in originating and servicing used motorcycle leases to consumers.

Founded in 2017 and based in Dania Beach, Florida, Speed Leasing is majority owned by 777 Partners LLC. 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.”

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