LEAF Financial Corporation Announces New Strategic Business Unit 3/6/2006
PHILADELPHIA, PA – March 6, 2006 – LEAF Financial Corporation, a wholly owned subsidiary of Resource America Inc. (NASDAQ:REXI) announces that a new business unit, LEAF Capital Management, will partner with Diversity Capital as originator to target the commercial leasing market with limited recourse term loan and revolving finance products. These asset based loans will enable a growing portfolio originator to manage their leases, loans, and other specialty finance assets similar to a securitization. The product offering will provide clients with a fixed or floating rate, service retained funding source.
Crit DeMent, CEO of LEAF Financial Corporation stated, “We are very excited about offering this product to the leasing and commercial finance markets, it allows smaller companies to benefit from LEAF’s unique access to the equity and debt capital markets. Our efforts to enter this area will be greatly enhanced with Diversity Capital as we can rely on their years of experience and extensive knowledge of this business segment.”
About LEAF Financial Corporation
LEAF Financial Corporation is a commercial leasing company headquartered in Philadelphia, PA. LEAF's business model is to originate small ticket equipment leases by reaching the small to mid sized business market by forming strategic marketing alliances and other program relationships with equipment vendors, commercial banks and other financial institutions. After origination, LEAF manages the leases for its own account, institutions, and individual investors through investment partnerships and other investment vehicles.
About Diversity Capital
Diversity Capital LLC is a seven year old, advisory, syndication entity made up of former CoreStates lenders that has actively originated, structured and placed over $750 million in transactions including pools of leases, loans and other financial assets. Diversity Capital has also served as an advisor to a number of Commercial Banks and Specialty Lenders on the acquisition of Leasing Companies and has worked with Commercial Paper providers in due diligence and issuer compliance testing. www.divcapital.com return to the news
Contact: Michelle Speranza, Marketing Manager, 267-402-4529
