OnPoint Capital, LLC (OPC) announced the completion of its first marine tanker transaction. OPC advised its client on securing $50 million in senior debt to finance the acquisition of 10 vessels in July. The combination of a strong management team, asset value and operating history enabled a smooth closing.

“OnPoint Capital is pleased to close its first major marine transaction,” said Walter Stranzl, OPC President. “We’re excited about the ongoing prospects in this niche market.” This is expected to be the first of several vessel financing transactions OPC will close.  

OnPoint Capital is an equipment lessor and financial solutions provider. OnPoint partners with organizations to facilitate capital acquisitions through personalized service and customized financial products. The company’s core offerings consist of operating leases, capital leases and equipment finance agreements. Its primary industries include diversified industrial, copy/print, converged technology and energy.