New Hires/Promotions in the Leasing Business
and Related Industries

Jackie Hernandez Bravo was hired as Business Development Officer, Oakmont Capital Services, West Chester, Pennsylvania. She is located in Puerto Rico. Previously, she was VP Business Development, Madison Capital LLC, Puerto Rico (November, 2022 - 2025); Business Development Officer, Acrecent Financial Corporation (April, 2014 - November, 2022. "We finance commercial equipment for businesses in Puerto Rico, Central America and the Caribbean..." AVP Operations, Commercial Equipment Finance, Inc. (January, 2012 - February, 2014); Client Operations Re, GE Capital (October, 2008 - November, 2012); CitiCapital 3 years, 3 months. Full Bio:
https://www.linkedin.com/in/jackeline-hern%C3%A1ndez-bravo-07797a8b/details/experience/
https://www.linkedin.com/in/jackeline-hern%C3%A1ndez-bravo-07797a8b/

Michael Morris was promoted to SVP Strategic Partnerships, North Mill Equipment Finance, LLC., Norwalk, Connecticut. He is located in Cherry Hill, New Jersey. He joined NMEF as Vice President of National Accounts (April, 2021 - January, 2025).  Previously, he was Sales Manager, ,Diversified Vendor Markets, LEAF Commercial Capital, Inc. (August, 2020 - April, 2021); National Account Program Manager, Marlin Capital Solutions (March, 2010 - August, 2020).
https://www.linkedin.com/in/michael-morris-3ba21019/

Danny Pistorio was hired as Business Development Officer, Oakmont Capital Services, West Chester, Pennslvania. He is located in Orlando, Florida. Previously, he was Business Development Associate, Madison Capital, LLC (May, 2018-2025); Team Member, American Tree Services (August, 2014 - December, 2017).
https://www.linkedin.com/in/danny-pistorio-a3350a167/

Nancy Pistorio was announced as assuming a leadership role with Oakmont Capital Services, West Chester, Pennsylvania. She is located in Baltimore, Maryland. She recently announced that she left Madison Capital, LLC, December 31, 2024 but she remains a partner. She was President and Partner since 1986. Previously, she was in Real Estate at William Koons Real Estate (April, 1984 - April, 1986), becoming Vice President, then President and Partner for 19 years at Madison Capital.
https://www.linkedin.com/in/nancy-pistorio-clfp-99b4929/

Jennifer Wood, CLFP, promoted to Chief Client Experience Officer, Orion First, Gig Harbor, Washington. She is located in Tacoma, Washington. She joined Orion November, 2022,
as AVP Customer Service and Collections, promoted VP, Client Service, promoted SVP Client Services (April, 2017 - 2025); Lead Collection Specialist, Financial Pacific Leasing (November, 1999 - October, 2022).
https://www.linkedin.com/in/jennifer-wood-8899a982/

[headlines]
--------------------------------------------------------------

##### Press Release #######################

NMEF Sets Unprecedented Milestones
Breaking All-Time Monthly, Quarterly,
and Annual Origination Records

NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, announced unprecedented performance milestones in originations for December, the fourth quarter, and the full year.

Originations soared to an all-time high of $105.9 MM in the month of December, reflecting a remarkable 132% increase over December of last year. The fourth quarter closed with an extraordinary $252 MM in originations, while the full year reached a record-setting $654 MM, representing 21% growth compared to prior benchmarks.

David Lee, Chairman and CEO of NMEF, commented on the company’s historic success: “The fourth quarter was transformational for NMEF, with originations surpassing our previous quarterly record by an impressive 68%. This growth was driven in large part by the rapid expansion of our mid-ticket business, showing 178% growth year over year. Our evolution from a small-ticket subprime lender to a small and mid-ticket lender focused on near-prime opportunities reflects the success of our strategy and commitment
to meeting the diverse needs of our partners. Furthermore, NMEF’s corporate-only product increased 11 points as a percentage of originations, underscoring our focus on mid-ticket portfolio enhancement.”

Mark Bonanno, President and Chief Revenue Officer of NMEF, attributed this exceptional performance to the company’s innovative culture and its robust network of partnerships. “This milestone is a testament to the incredible relationships we’ve built and nurtured over the years. Our ability to think creatively and work collaboratively with both new and long-standing partners has been instrumental in driving these results. We’re deeply grateful to our partner and referral network for their trust and collaboration, which enables us to continually push the boundaries of what’s possible in equipment finance.”

Tom Lyle, COO of NMEF, said, "We’re excited by the progress we’ve made this year. Through initiatives like integrating Taycor, expanding our credit appetite to include larger ticket sizes, and developing a true FMV program, our efforts to develop North Mill into a scalable platform for growth are beginning to show results. These advancements position us to support larger, more sophisticated transactions and deliver sustained growth in 2025 and beyond."

NMEF originates and services small to mid-ticket equipment leases and loans, ranging from $15,000 and up to $5,000,000 for investment grade opportunities, and accepts A – C credit qualities and finances transactions for many asset categories including construction, transportation, vocational, medical, manufacturing, technology, franchise, renovation, janitorial and material handling equipment.

NMEF is majority owned by an affiliate of InterVest Capital Partners. The company’s headquarters are in Norwalk, CT, with regional offices in Irvine, CA, Murray, UT and Voorhees NJ.

For more information, visit https://nmef.com/. Taycor Financial operates as an independent division of NMEF, with a focus on developing  direct and vendor origination programs.

For more information, visit https://taycor.com/. One of NMEF’s controlled affiliates, BriteCap Financial LLC, is a leading non-bank lender providing small businesses with fast, convenient financing alternatives such as working capital loans from its main office in Las Vegas, NV. For more information, visit  https://www.britecap.com/.

###### Press Release ######################

[headlines]
--------------------------------------------------------------

Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support

Honour Capital Team Joins Forces
with Dext Capital

Lake Oswego, OR –– Dext Capital has agreed to acquire Honour Capital’s Equipment Finance team, unified under a shared commitment for innovation and purpose-driven financial services. This collaboration underscores Dext’s dedication to providing industry-leading financing products, and represents a strategic step forward, bringing together complementary strengths to better serve business needs nationwide.

Honour Capital has retained Honour Ag and certain lease assets under the definitive agreement.

Kyin Lok, CEO , Dext Capital, said, “The Honour Capital team shares our vision for a flexible, client-focused approach to financing, and we are excited to supercharge Dext’s robust direct lending efforts with the addition of this incredible team.”

Shea Huston, CEO of Honour Capital, said, “Joining forces with Dext Capital provides us with unparalleled access to capital, a strong cultural alignment, and the flexibility we need to accelerate our growth. This collaboration will enable us to better support our customers with tailored financing solutions and exceptional service.”

Brian Slipka, Chairman for Honour Capital, said, “I’m proud of the accomplishments of the Honour team and believe joining forces with Dext is a natural progression of our business growth. I couldn’t have asked for a better home for the team and am looking forward to the many successes to come.”

Further details about the collaboration will be shared in the coming months.

For more information on Dext Capital, please visit:
https://dextcapital.com/
Linkedin: https://www.linkedin.com/company/dext-capital/
Instagram: https://www.instagram.com/dextcapital/
Tiktok: https://www.tiktok.com/@dextcapital

[headlines]
--------------------------------------------------------------

The 5 Real Reasons You Didn't Get Hired
(This is a repeat, but was very popular)
By Ken Lubin ZRG Partners, Managing Editor

I have been in the executive recruiting for just for over 23 years, (I can’t believe it) and have been through two major down turns, 2001 and 2008, but the real reasons that people don’t get the role that they interviewed for hasn’t changed. 

Here is a list of most common complaints I hear in the marketplace from hiring teams.

1. You Stink. Physically you smell - too much perfume, cologne, body odor, bad breath, smoke, and a host of other things. From a sensory point of view, smell is the number one thing people remember most

2. You Talk Too Much. Many people get nervous when they interview and end up getting diarrhea of the mouth. Usually when this happens, you need to plug it up but most often they insert their foot as a stop gap - game over!! We have one mouth and two ears for a reason.

3. You are an A** Hole. Arrogance is a key reason why people don’t get hired. If you are condescending, sarcastic and drop F bombs you are not getting the job, period

4. You are Late. If you are late for an interview without any good reason and don’t call the person you are supposed to be meeting with to let them know, it shows you don’t have any respect for people’s time and will be late for everything else

5. You are Clueless. If you don’t do research, understand the product and don’t know how you can offer a solution, then why did you go on the interview anyway? Don’t waste the hiring manager’s time and more, importantly, don’t waste yours.

Getting your dream job (even if it isn’t) is difficult, so why screw it up by not having common sense and courtesy. A first round interview is a like a first date, treat it as such.


Ken Lubin, Managing Director
ZRG Partners, LLC
Americas I EMEA I Asia Pacific
C: 508-733-4789
https://www.linkedin.com/in/klubin

 

[headlines]
--------------------------------------------------------------

Top Ten Most Read by Readers
December 20 - December 30

(1) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_30.htm#hires

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_23.htm#hires

(3) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Dec2024/12_20.htm#hires

(4) North Mill Equipment Finance Promotions
"Highlighting Outstanding Contributions"
https://leasingnews.org/archives/Dec2024/12_20.htm#nm

(5) Sales Make it Happen
Salespeople Aren't Marketers!
By Steve Chriest
https://leasingnews.org/archives/Dec2024/12_23.htm#market

(6) 2024 CLFP Accomplishment Report
Now Available
https://leasingnews.org/archives/Dec2024/12_20.htm#clfp

(7) The Speculative Fed - Dow Drops 1,100
By Dale R. Kluga, CPA
https://leasingnews.org/archives/Dec2024/12_23.htm#fed

(8) Secured Finance Network posts Q3 Survey
Results from Bank and Non-Bank Lenders
https://leasingnews.org/archives/Dec2024/12_30.htm#sfn

(9) Photos: Roglieri mansion in Queensbury
listed for almost $2 million
https://www.timesunion.com/business/article/jailed-financier-s-queensbury-manse-listed-2-19977951.php

(10) Commercial Finance/Leasing Finance
Conferences and Forums - Updated
https://leasingnews.org/archives/Dec2024/12_30.htm#conf

[headlines]
--------------------------------------------------------------

No Longer taking Broker/Discounting Business
plus Finance and Leasing Companies Out of Business

These related companies are in bankruptcy in both Canada and the United States.

Andrew Morganti, Attorney, Berger Montague reported: "The current Stay of Litigation extends to January 31, 2025, and it is likely to be extended another 6-months (based upon my experience).
"A Stay of Litigation means that no litigation against Chesswood can move forward until after the CCAA Proceeding is completed." This is complicated involving 15 cases plus various locations involved in Canada and the United States.

Chesswood Acquisition Ltd.
Chesswood Capital Management Inc.
Chesswood Capital Management USA
Chesswood Group Limited
Chesswood Holding Ltd.
FTI Consulting Canada Inc
Lease-Win Capital
Pawnee Leasing Corp
Rifco National Auto Finance Corporation
Rifco, Inc.
Tandem Finance
Windset Capital Corporation
Waypoint Investment Partners, Inc.
Ontario Inc.

While cases are in bankruptcy, FTI Consulting in Canada has received permission to seek solicitations for the companies in bankruptcy.
https://www.prnewswire.com/news-releases/chesswood-sale-and-investment-solicitation-process-302340386.html

---

Companies with an * are no longer in business. The others are companies that were taking broker business, but announced that they no longer are accepting broker business. Many have also down-sized or are managing an existing portfolio. This does not include companies merged or acquired who are still in business.

Any updates or changes, please contact: kitmenkin@leasingnews.org

*ABCO Leasing Inc., Bothell, WA
*ACC Capital, Midvale, Utah
Advantage Business Capital, Lake Oswego, Oregon
*Advantage Funding, Lake Success, New York
AEL Financial, Buffalo Grove, Illinois
(No longer taking new broker business)
Agility Solutions Corp., Prescott, Arizona
Allegiant Partners, Bend, Oregon 
Alliance Financial, Syracuse, New York
Allstate Leasing, Towson, Maryland
*Alternative Capital, Apollo Beach, Florida
*AMC Funding, Charlotte, North Carolina
*American Bank Leasing, Alpharetta, Georgia
*American Equipment Finance, Warren, New Jersey
American Leasefund, Tigard, OR (no longer a funder)
*American Leasing, Santa Clara, California
Bank of Ozark Leasing/Finance, Little Rock, Arkansas
*Bank of West Indirect Leasing, Dublin, California
*Bank of the West Leasing Indirect, San Ramon, California
*Bank Midwest Leasing, Overland Park, KS
Bankers Healthcare Group, Weston, FL
*BBVA Compass Equipment Leasing, Houston, Texas
*Blackstone Equipment Financing, Orange, California
*BusinessFinance.com (on line aggregate funder)
*Business Leasing NorthWest, Seattle, WA
*Capital One Equipment Finance, Towson, Maryland
*CapitalSource Healthcare Finance, Chevy Chase, Maryland
*CapNet, Los Angeles, California
*C and J Leasing Corp, Des Moines, Iowa
*Carlton Financial Corporation, Wayzata, Minnesota
*Chase Industries, Inc., Grand Rapids, Michigan
*Chesterfield Financial, Chesterfield, Missouri
CHG-MERIDIAN U.S. Finance, Ltd, Woodland Hills, CA
(Sales Management focuses very selectively on certain brokers.)
*Churchill Group/Churchill Leasing, Jericho, NY
CIT Group (limited)
Citizens Business Bank, Ontario, CA
*Colonial Pacific, Portland, Oregon
Columbia Bank Leasing, Tacoma, WA
*Columbia Equipment Finance, Danville, California
*Commercial Capital Training Group
Commercial Equipment Lease, Eugene, Oregon 
Concord Financial Services, Long Beach, California
*Court Square, Malvern, Pennsylvania
*Creative Capital Leasing Group, LLC, San Diego, CA
Crossroads Equipment Lease & Finance, Rancho Cucamonga, CA
*Direct Capital, Portsmith, New Hampshire
Diversified Financial Service, Omaha, NE
*Dolsen Leasing, Bellevue/Yakima, Washington
Equipment Finance Partners, a division of Altec, Birmingham, Alabama 
Evans National Leasing, Inc., Hamburg, NY
*Enterprise Capital Partners dba Enterprise Leasing, Spokane, WA
Enterprise Funding, Grand Rapids, Michigan
Enverto Investment Group, LLC, West Los Angeles, California
*Evergreen Leasing, South Elgin, Illinois
Exchange Bank, Santa Rosa, California
*Excel Financial Leasing, Lubbock Texas
*First Corp.(IFC subsidiary), Morton Grove, Illinois
First Federal Financial Services, Inc., Menomonee Falls, Wisconsin
First Republic Bank, San Francisco, CA
Fora Financial, New York, New York
Frontier Capital, Teaneck New Jersey 
*GCR Capital, Safety Harbor, Florida 
GE Capital, Conn (limited)
Global Funding LLC., Clearwater, FL
*Greystone, Burlington, MA
*Heritage Pacific Leasing, Fresno, CA
*Hillcrest Bank Leasing, Overland Park, KS (Parent bank sold)
Huntington Equipment Finance, Vendor Finance Group, Bellevue, Washington
*IFC Credit Corp., Morton Grove, Illinois
Irwin Financial (Irwin Union Bank), Columbus, Indiana 
Irwin Union Bank, F.S.B. (Louisville, Kentucky)
Lakeland Bank, Montville, NJ
LaSalle Systems Leasing
*Latitude Equipment Leasing, Marlton, New Jersey
*Leaf Specialty Finance, Columbia, South Carolina
*LEAF Third Party Funding, Santa Barbara, Ca.
Lease Corporation of America, Troy, Michigan
Lombard, part of Royal Bank of Scotland, worldwide
*M2 Equipment Finance, Waukesha, Wisconsin
*M&T Credit, Baltimore, Maryland (Merged with M&T Bank)
Note: M&T Bank | Commercial Equipment Finance, Baltimore, MD
(accepts broker business)
Manufacturer's Lease Plans, Inc., Phoenix, Arizona
*Marlin Capital Solutions, Mount Laurel, New Jersey
*MarVista Financial, Villa Park, California
*MericapCredit, Lisle, Illinois
*Meridian Healthcare Finance, San Diego, California
Merrill Lynch Financial
Midwest Leasing Group, Livonia, Minnesota
*Mintaka Financial LLC. Gig Harbor, Washington
*Mount Pleasant Capital, Wexford, PA
*National Alliance of Commercial Loan Brokers, Albany, NY
National City, Cleveland, Ohio
*Navigator (Pentech subsidiary) San Diego, California
*Northwest Leasing Company, Clyde Hill, WA
OFC Capital, Roswell, Georgia
Old National Bank, Evansville, Illinois
*P&L Capital, Omaha, Nebraska 
*Pentech Financial, Campbell, CA
*PFF Bancorp, Inc, Pomona, CA
Pinnacle Business Finance, Fife, Washington
*Pioneer Capital Corporation, Addison, Texas
PredictiFund, a subsidiary of Capital Access Network, Inc
*Prime Capital Ventures, Albany, NY
*Prime Commecial Lending, LLC, Albany, NY
*Podium Financial Group, Inc.,Costa Mesa, CA
Popular Finance, St. Louis, Missouri
Providence Bank & Trust, Chicago,Illinois
Puget Sound Leasing, Seattle, Washington
Quality Equipment Finance, Carmel, Indiana
Radiance-Capital, Tacoma, WA
Rapid Finance. Bethesda, Maryland
Rational Technology Solutions, Rolling Meadows, IL
*Reliant National Finance, Jacksonville, Florida
Sandy Springs, Olney, MD
*Securities Equipment Lsg. (SEL, Inc.), Glendora, CA
*Select Equipment Leasing Co., Concord, CA
* Sharpe Financial Network, Phoenix, Arizona
*Silicon Valley Bank, Santa Clara, California
Sovereign Bank, Melville, New York
*Snider Leasing, Sacramento sold to Financial Pacific Leasing
Specialty Funding, Albuquerque, NM
Sterling National Bank, Montebello, New York
*Studebaker-Worthington Leasing, Corp., Jerico, NY
(part of sale from Main Street Bank to Ascentium Capital)
*Summitt Leasing, Yakima, Washington
Sun Trust Equipment Finance & Leasing, Baltimore, Maryland 
*SunBridge Capital, Mission, Kansas
Suncoast Equipment Funding Corp., Tampa, Florida
TCF Equipment Finance, Minnetonka, Minnesota 
TechLease, Morgan Hill, California
*Tennessee Commerce Bank, Franklin, Tennessee
Textron Financial
*Town and Country Leasing, Lancaster, Pennsylvania
*Triad Leasing & Financial, Inc., Boise, Idaho
*TriStar Capital, Santa Ana, California
Tri Counties Bank, Chico, California
*Union Capital Partners, Midvale, Utah
US Bank, Manifest Funding, Marshall, Minnesota
(new requirement: large yearly funding) 
US Bank, Middle-Market, Portland, Oregon 
Velocity Financial Group, Rosemont, Illinois
VenCore, Portland, Oregon (former company Len Ludwig)
*Vision Capital, San Diego, California
Vision Financial Group, Inc. (VFG Leasing & Finance), Pittsburg, PA
Wachovia Bank Leasing
*Warren Capital, Novato, California
*Washington Mutual Financial
Wells Fargo stepping back mortgage market,
shutting down buying loans from 3rd parties
Western Bank, Devils Lake, ND
*Westover Financial, Inc., Santa Ana, California
*Your Leasing Solution, Las Vegas, Nevada

Funders looking for new Brokers:
http://www.leasingnews.org/Funders_Only/New_Broker.htm

News Briefs

Bernie Madoff’s victims have now recovered
    94% of their losses
https://www.cnn.com/2024/12/31/business/bernie-madoff-victim-compensation-final-intl/index.html

The richest 500 people’s fortunes exceeded $10 trillion
    in 2024
https://en.maaal.com/archives/202412/the-richest-500-peoples-fortunes-exceeded-10-trillion-this-year/ 

Social Security Fairness Act signed into law by Biden,
    enhancing retirement benefits for millions
https://www.cbsnews.com/news/social-security-fairness-act-signed-by-president-biden/

San Jose tech giant PayPal accused of fraud
    over Honey online-shopping coupon finder
https://www.mercurynews.com/2025/01/03/san-jose-tech-giant-paypal-accused-of-fraud-over-honey-online-shopping-coupon-finder/

Why Japan Won’t Stop Trying to
    Invest in the U.S.
https://www.nytimes.com/2025/01/04/business/us-steel-nippon-japan-takeover.html

TikTok creators left in limbo while
    awaiting decision on potential platform ban
https://apnews.com/article/tiktok-influencers-content-creator-ban-079d302b938f546ffedacff32

[headlines]
--------------------------------------------------------------

Driving into Manhattan? That’ll cost you,
as new congestion toll starts Sunday
https://www.bostonglobe.com/2025/01/05/business/congestion-tolls-start-manhattan/

[headlines]
--------------------------------------------------------------

Sports Briefs---

49ers receiver's ejection leaves him
   just short of 1,000 yards
https://www.sfgate.com/49ers/article/49ers-jauan-jennings-ejected-skirmishes-20016826.php

Patriots fire Jerod Mayo after losing
No. 1 pick with season-ending win
https://nypost.com/2025/01/05/sports/patriots-fire-jerod-mayo-after-losing-no-1-pick-with-season-ending-win/

5-star QB transferring from Oregon to Cal
before ever attending class
https://www.sfgate.com/collegesports/article/5-star-qb-transfer-oregon-cal-before-classes-20016583.php

In Jerod Mayo’s case, nice guys really
do finish last
https://www.bostonglobe.com/2025/01/05/sports/dan-shaughnessy-jerod-mayo-patriots/

[headlines]
--------------------------------------------------------------

California News Briefs---

Out of control’: People keep dumping cars in
    this part of Oakland. Why can’t the city clean it up?
https://www.sfchronicle.com/eastbay/article/oakland-illegal-dumping-vehicles-junkyard-20003221.php 

Napa County makes history with its
  first all-female Board of Supervisors,
    only second ever in state
https://www.pressdemocrat.com/article/napa/napa-county-supervisors-women-milestone/

[headlines]
--------------------------------------------------------------

Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8

Top Wine and Health Stories of 2024
   Wine Spectator
https://www.winespectator.com/articles/top-wine-health-science-news-stories-2024

Napa's Del Dotto Winery Invests in
Dual-Axis Solar Tracking
https://www.winebusiness.com/news/