Massachusetts based specialty lender to powersport dealerships / finance companies has raised $30m of debt capital from Crestline.
"We are pleased to enter into this agreement with Crestline as they have a significant understanding of and presence in the alternative lending space," said Dan Wilensky, CEO of Ironhorse Funding, LLC. "Motorcycle and powersports dealerships need expanded consumer financing options. This agreement with Crestline Investors will give us the increased financial bandwidth to take Ironhorse funding and our associated dealers to the next level." "Ironhorse Funding provides expanded financing options to dealers, distributors and original equipment manufacturers as they navigate a challenging operating and credit environment," said Rahul Vaid, Managing Director, Crestline Investors. "Ironhorse's team of professionals have deep knowledge and expertise in understanding the financial needs of this vertical market and we are excited to be involved with their growth."