North Mill Equipment Finance | The Compass
Issue 2 2021
North Mill Announces Pricing of Largest Securitization Ever at $236.6M
North Mill
North Mill announced this week the closing of its fourth commercial equipment backed securitization (ABS), NMEF Funding 2021-A ("NMEF 2021-A"). NMEF 2021-A featured five tranches of notes, achieving an ~86.0% advance rate through the Class D note.

Equipment Finance Industry Confidence Reaches Highest Level in Three Years
Modern Materials Handling

The Equipment Leasing & Finance Foundation (the Foundation) released the March 2021 Monthly Confidence Index for the Equipment Finance Industry (MCI-EFI). Overall, confidence in the equipment finance market is 67.7, an increase from the February index of 64.4, and the highest level since April 2018.

North Mill Equipment Finance Promotes Bonanno to President
Monitor Daily

North Mill Equipment Finance promoted Mark Bonanno to president and chief operating officer. "Mark has been highly influential in helping the business attain record levels of growth since joining the company over four years ago," David C. Lee, chairman and CEO of North Mill Equipment Finance, said.

Equipment Leasing and Finance Association's Survey of Economic Activity

The Equipment Leasing and Finance Association's (ELFA) Monthly Leasing and Finance Index (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $900 billion equipment finance sector, showed their overall new business volume for February was $7.4 billion, up 9 percent year-over-year from new business volume in February 2020.

NEFA Completes Successful Virtual Finance Summit
Monitor Daily

More than 260 equipment finance professionals and service providers from across the U.S., Australia and Canada attended the National Equipment Finance Association 2021 Virtual Finance Summit, which was held from March 16 to March 17.

For more information on articles in The Compass, or if you're interested in learning how to become a North Mill Referral Source, please email Paul Cheslock, VP of Customer Relations at or call 1-203-354-1283.

This newsletter includes links to other websites and the content within. The articles that link outside this newsletter have not been generated by, nor are they endorsed by, North Mill Equipment Finance LLC. The aggregated content is simply intended to provide direct access to information that a Referral Source may find useful.

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