NMEF Closes $525 Million Securitization, Marking Continued Growth and Market Confidence
August 18, 2025 | NORWALK, CT – North Mill Equipment Finance LLC (“NMEF”), a leading independent commercial equipment lender and lessor headquartered in Norwalk, Connecticut, is pleased to announce the successful closing of its tenth asset-backed securitization (ABS), NMEF Funding 2025-B (“NMEF 2025-B”), a $525 million transaction. This marks the company’s second securitization of the year and brings NMEF’s cumulative issuance volume to over $3.1 billion, underscoring the platform’s robust growth and sustained access to the capital markets.
“NMEF 2025-B was our largest securitization to date, attracting a deep and diverse investor base, with 37 unique investors participating in the offering,” said Mark Bonanno, President and Chief Revenue Officer of NMEF. “Notably, the transaction saw the inclusion of 14 first-time investors, reflecting continued institutional confidence in NMEF’s platform and the continued evolution of credit quality and collateral diversification. The transaction was met with strong demand across the capital stack, allowing for tightened spreads compared to both initial price targets and final pricing levels of NMEF 2025-A, which was issued earlier in 2025.”
The transaction reinforces NMEF’s momentum in scaling its presence in the capital markets. With a steadily expanding investor base and enhanced asset diversification through acquisitions and credit migration, NMEF continues to develop its access to cost- effective funding.
“This transaction reflects the strategic strides we’ve taken over the last several quarters—broadening our origination sources, integrating our recent acquisition, and expanding our reach in the capital markets,” said Mitch Tobak, Vice President of Corporate Development at NMEF. “We’re especially encouraged by the volume of new investor interest, which speaks to the depth and durability of our platform as we scale. These outcomes validate our approach of building a balanced portfolio that generates strong risk-adjusted returns across a variety of collateral types.”
As NMEF continues to advance its long-term growth strategy, this securitization marks a key step forward in capital efficiency, platform integration, and investor diversification. With enhanced structural flexibility and a broadening mix of originations, including those from Pawnee, the company is primed to meet the evolving financing needs of small and mid-sized businesses across industries.
About North Mill Equipment Finance
NMEF is a national, premier lender who works with third-party referral (TPR) sources to finance small to mid-ticket equipment commercial leases and loans ranging from $15,000 to $3,000,000 and up to $5,000,000 for investment grade opportunities. NMEF accepts A – C credit qualities and finances transactions for many asset categories including but not limited to medical, construction, franchise, technology, vocational, manufacturing, 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, Voorhees NJ, and Murray, UT. For more information, visit www.nmef.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 since 2003 from its main office in Las Vegas, NV. For more information, visit www.britecap.com.