Lawyer Says Deal Close in
    Kris Roglieri, Capital Prime Bankruptcies

Kris Roglieri is escorted out of U.S. District Court following a detention hearing
at James T. Foley Courthouse in Albany, N.Y. (Will Waldron - Albany Times Union)

Lawyers involved in the federal bankruptcy cases involving embattled Albany financier Kris Roglieri and his now-defunct commercial lending firm Prime Capital Ventures may have reached a financial settlement to pay off creditors.

Full story:
https://www.timesunion.com/business/article/roglieri-prime-capital-ventures-bankruptcy-cases-19556000.php

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

New Hires/Promotions in the Leasing Business
and Related Industries

Rob Arcilla was hired as Head of US Program Management, Healthcare, DLL. He is located in Ann Arbor, Michigan. Previously, he was Vice President, New Business Development, Philips Medical Capital (PMC) (June, 2021 - July, 2024); Vice President, Program Management, Key Equipment Finance (December, 2013 - May, 2021). He joined GE Capital , July, 2003 promoted January, 2005, Relationship Manager, promoted October, 2007, Territory Account Manager, promoted Market Credit Manager (July, 2011 - December, 2013). Full Bio:
https://www.linkedin.com/in/rob-arcilla-2a88109/details/experience/
https://www.linkedin.com/in/rob-arcilla-2a88109/

Patty Mascaro was hired as Vice President, Healthcare Business Development,  Highland Capital Corporation, Washington, New Jersey. She is located in the North Port-Sarasota Area, Florida. Previously, she was Vice President, Vendor Relationship Business Development, Dext Capital (June, 2020 -June, 2024); Marlin Capital Solutions (acquired by Peac Solutions 2021)  (February, 2012 - June, 2020). Full Bio:
https://www.linkedin.com/in/pattymascaro/details/experience/
https://www.linkedin.com/in/pattymascaro/

Michael Ollio was hired as Director, Capital Markets, Mitsubishi HC Capital America, Inc., Norwalk, Connecticut. He is located in Renfrew, Pennsylvania. Full Bio:
https://www.linkedin.com/in/michael-ollio-38063110/details/experience/

Terry Wood was announced promoted to Vice President, Talent Acquisition, Training and Development, Orion First, Gig Harbor, Washington. He is located in Tacoma, Washington. He joined Orion December, 2006, Credit Analyst, promoted January 2006, Special Assets Department, promoted V.P. Credit (July 2012  - July, 2024). Previously, he was Vice President, Business Development, RTR Services (October, 2002 - November, 2005); Assistant Vice President, Financial Pacific Lessing (December, 1989 - August, 2002); Senior Adjuster and Collections, Puget Sound National Bank (November, 1985 - November, 1989).
https://www.linkedin.com/in/terry-wood-clfp-0b965424

 

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

Leasing and Finance Industry Help Wanted
Excellent Compensation/Marketing Support
Plus other openings for successful, growing funders

Client Asking for Career Advice
by Scott Wheeler, CLFP

A young commercial equipment finance and leasing originator with four years of experience asked for career advice - he likes the industry. He is an above average producer but has seen his income drop in the first 5 months of 2024. Credit requirements continue to be tight and rates continue to be high. He admitted to being frustrated. My response included the following:

• The commercial equipment finance and leasing industry is experiencing a necessary transition and the future is bright. Now is the time to prepare for future growth and greater income potential.
• The commercial equipment and leasing industry is a highly lucrative career path for professionals who are committed to assisting businesses acquire commercial equipment.
• Over my 40+ year career, I have seen multiple industry transitions. The industry always quickly adapts, changes, and evolves to become stronger. Professionals who are part of the evolution become industry leaders. As an originator, you must embrace change, understand the reasoning for the change, and be capable of articulating the changes.
• Immediately start focusing on the future; set personal career goals and spend all your energy working toward those goals. There are no limits in the industry. You control your own destiny (ex: top producer, team leader, VP of sales, company executive, entrepreneur).
• Engage with a mentor to help expedite your personal success. Become a mentor to a younger professional (by helping others you will become better yourself).

You are sitting on a gold mine that is waiting to be tapped. Be committed to learning more, engaging with more stakeholders, and moving your career forward.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161
Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com 

Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com

 

 

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

Top Ten Leasing News Read by Readers
July 1 to July 3

(1) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_01.htm#hires

(2) New Hires/Promotions in the Leasing Business
and Related Industries
https://leasingnews.org/archives/Jul2024/07_03.htm#hires

(3) Clicklease Completes Securitization, Selling $220M
in Bonds to Expand Innovative Leasing Solutions
https://leasingnews.org/archives/Jul2024/07_01.htm#cl

(4) Commercial Finance/Leasing Finance Conferences
2024
https://leasingnews.org/archives/Jul2024/07_01.htm#conf

(5) Better Tools. Better Data. Better Decisions.
AI program to help bring out best attributes
https://www.zrgpartners.com/about-zrg/tools/

(6) Six-Month Review Of Commercial Equipment
  Finance And Leasing Industry
By Scott Wheeler, CLFP
https://leasingnews.org/archives/Jul2024/07_03.htm#six

(7) 4 Reasons You Should Be Email Marketing
By Alex Vasilakos
https://leasingnews.org/archives/Jul2024/07_03.htm#4

(8) The Truck Drivers OOIDA Association Opposes
  Exemption Request for Student Drivers
By Mark Schremmer, Landline Magazine
https://leasingnews.org/archives/Jul2024/07_01.htm#truck

(9)Story Credit Financing
Business Loans, SBA Loans, Working Capital
https://leasingnews.org/archives/Jul2024/07_03.htm#sc

(10) Workplace Trends: How Careers are
  Evolving in the Age of Technology
By Ken Lubin, ZRG Partners, Managing Partner
https://leasingnews.org/archives/Jul2024/07_03.htm#work

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

Commercial Finance/Leasing Finance Conferences
2024 - Updated

Sept. 4-5: AACFB Commercial Financing Expo, New Orleans, LA
https://expo.aacfb.org/home
Registration Now Open - click here

Sept. 10-12: CFLA Conference, St. John's, NL, Canada
https://cfla-acfl.ca/cfla-annual-national-conference-2024.html
Hugh Swandel, President, Meridian OneCap Commercial Credit, will be covering the conference for Leasing News

Sept. 23 - 24: B2B Finance Expo, Wynn, Las Vegas, NV
https://www.b2bfinexpo.com
https://leasingnews.org/archives/Jun2024/06_20.htm#b2b

Oct. 16-18: NVLA Conference, Clearwater Beach, Florida
https://www.nvla.org/page/2024conference
Sloan Schickler, Esq., Schickler & Schickler, will be covering the conference for Leasing News. She is also presenting there.

Oct. 27-29: 63rd ELFA Annual Convention, Austin, TX
Convention details
Bruce Kropschot, Senior Managing Director, The Alta Group, will be covering the ELFA Convention, as he has done for  Leasing News for many years

Nov. 6: Funders Forum + Broker Expo, New York City
Super Early Bird Discounts, The Glasshouse, Hell's Kitchen

Nov. 11-14: NEFA Fall Conference, Indianapolis, Indiana
https://www.nefassociation.org/events/upcoming
Don Cosenza, CLFP, Senior Vice President of North Mill Equipment Finance, will be covering the conference for Leasing News

 

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

Where Automakers Sell Their Cars
in the World - You'd Be Surprised
By Visualcapitalist

From this sample of 10 major car brands, we can see that Chevrolet had the highest North American sales concentration in 2023, at 66% of sales. Chevrolet’s next biggest market is Latin America, which represented 22% of sales.

This is in contrast to Ford, where Europe is instead its second largest market (accounting for 26% of 2023 sales).

Moving on to the German automakers included in this graphic, all three brands sell a significant portion of their cars in China. For BMW and Volkswagen, China accounts for an even larger portion of sales than Europe.

Oliver Zipse, Chairman of the Board of  Management of BMW, said, “China is the place to be. Our continued success in the world’s largest automotive market can only go hand in hand with the continuous growth and development of our local footprint in the country.

“BMW has been one of the most successful foreign automakers in China, selling over 826,000 vehicles in the country in 2023. In April 2024, the company announced an additional $2.76 billion investment for its plant in Shenyang, a city north east of Beijing.”

Visualcapitalist
Article by Marcus Lu
Graphic/Design: Sam Parker

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

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

Dext Capital Celebrates Team Achievement
with CLFP Certifications

Lake Oswego, OR –– Dext Capital has announced that 12 of its employees (“Dexters”) have successfully completed the Certified Lease & Finance Professional (CLFP) training and academy, with half of these dedicated team members having passed the official assessment, earning their CLFP certification, and the other half scheduled to test in the coming weeks.


Kyin Lok, Dext Capital CEO said,  "We are extremely proud of our team's achievement in earning their CLFP certifications. Even in the most turbulent of times for the industry, placing our bets on the development of our Dexters will lead to continued success and growth for Dext Capital and our valued clients."

For more information about 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

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

 

Siberian Husky Mix
Santa Cruz, California  Adopt-a-Dog

TINA
A307841
Female
1 Year, 11 months
53 lbs.
White & Black
Spayed
Foster Home

Meet Tina, or as her foster family call her Teeny-Tiny- Twinkle Toes Tina. Tina is a sweet girl who loves to be around her people. She is house trained when let out a periodic intervals and is comfortable in a crate for up to 4 hours.

 Tina is a high energy sweetie who can be calmed by long walks, playing fetch, or running around with her Furever family. Tina is good on a leash, and is working with her foster family to be more attentive to them rather than things going past. Tina knows: sit, stay, down, let’s go, and leave it. With positive reinforcement training, Tina can learn many more tricks and commands.

 She is good with other dogs, but can play rough when she is excited to see them. Teeny-tina twinkle toes tina is an amazing dog who deserves an amazing home.

 Visit the shelter to bring this gorgeous, goofy girl to join your family.

For more information about this animal, call:
Santa Cruz County Animal Shelter - Santa Cruz at (831) 454-7200
Santa Cruz Location (7th & Rodriguez)
1001 Rodriguez St., Santa Cruz 95062
OPEN TO THE PUBLIC: Seven days/week, 11am-6pm*
Adoptions end at 5! Meet & greets must be before 4:45

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

CLFP Circular 2024 Second Quarter Report

Click here for full issue (PDF)

News Briefs

Strong but slowing US labor market
    gained 206,000 jobs in June
https://www.courthousenews.com/strong-but-slowing-us-labor-market-gained-206000-jobs-in-june 

ADP National Employment Report: Private Sect
  Employment Increased by 150,000 Jobs in June;
    Annual Pay was Up 4.9%
https://www.prnewswire.com/news-releases/adp-national-employment-report-private-sector-employment-increased-by-150-000-jobs-in-june-annual-pay-was-up-4-9-302188876.html

John Deere to lay off roughly 600 employees
    from three US factories
https://www.cnn.com/2024/07/07/business/john-deere-mass-layoffs-2024/index.html

The cannabis industry is fighting over how many
    stores one company can own. Here’s why.
https://www.bostonglobe.com/2024/06/23/business/cannabis-cap-massachusetts-marijuana/

Paramount Agrees to Merge With Skydance
    owns CBS and the movie studio behind Top Gun
https://www.nytimes.com/2024/07/07/business/media/paramount-skydance-merger-deal.html

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

Anthony Fauci’s memoir strikes a crucial blow
   against the disinformation agents who imperil our health
https://www.latimes.com/business/story/2024-07-04/column-anthony-faucis-memoir-strikes-a-crucial-blow-against-the-disinformation-agents-who-imperil-our-health

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

Sports Briefs---

Kings make blockbuster sign-and-trade deal to
   acquire six-time NBA All-Star DeMar
https://www.sacbee.com/sports/nba/sacramento-kings/article289809239.html

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

California News Briefs---

SF Bay Area tech layoff totals jump to worst pace
    in more than a year
https://www.mercurynews.com/2024/07/03/economy-tech-jobs-layoff-mountain-view-san-ramon-sunnyvale-south-bay/

Hollywood’s exodus: Why film and TV workers
are leaving Los Angeles
https://www.mercurynews.com/2024/07/03/hollywoods-exodus-why-film-and-tv-workers-are-leaving-los-angeles/

Mower-riding man arrested in connection with
    11-acre Pocket Fire near Geyserville
https://www.pressdemocrat.com/article/news/mower-riding-man-arrested-in-connection-with-11-acre-pocket-fire-near-geyse/

Palm Springs breaks all-time record high temperature
   amidst Calif. heat wave
https://www.sfgate.com/weather/article/palm-springs-record-high-temperature-19556949.php

Death Valley sets a new daily record with a searing
128 degrees as West Coast heat wave drags on
https://www.mercurynews.com/business/

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

Gimme that Wine

 

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

Unfazed by nature’s whims, local winemaker brothers
   continue to excel decade after decade
https://www.pressdemocrat.com/article/lifestyle/napa-valley-smith-madrone-riesling/

Sixty-million-year-old grape seeds reveal how the death
    of the dinosaurs may have paved the way for
grapes to spread
https://phys.org/news/2024-06-sixty-million-year-grape-seeds.html#google_vignette