Encina Lender Finance, LLC (ELF) Provides $35 Million Senior Credit Facility to Uown Facility to Uown Leasing, a Portfolio Company of 777 Partners

Encina Lender Finance, LLC (“ELF”) announced that it has provided a $35 million senior credit facility to Uown Leasing, which is a technology-enabled, consumer leasing platform focused on partnering with retailers of durable consumer goods (primarily furniture, bedding, wheel & tire, and appliances) to offer a lease-to-own financing product at the point-of-sale.

Founded in 2008 and based in Tampa (FL), Uown Leasing is majority owned by 777 Partners and strives to provide credit challenged consumers access to financing through its alternative product.

“We are excited to be partnering with Encina Lender Finance. The capital they are providing will give us the support to continue to grow the portfolio and gain market share in the lease-to-own space,” said Daniel Klein, CEO of Uown Leasing.

About Encina Lender Finance

Headquartered in Atlanta, Encina Lender Finance (ELF) offers revolving lines of credit and term loans ranging in size from $10 - $100 million to specialty finance companies (sponsored and non-sponsored) across a wide range of asset classes including, but not limited to, asset-based lending, factoring, equipment leasing, floorplan financing, commercial real estate bridge lending, tax lien/deed financing, venture debt lending, SMB lending & merchant cash advance, middle-market private credit, charged-off debt buyers, rent-to-own consumer leasing, unsecured consumer lending and specialized student lending. ELF’s customers use financing proceeds primarily to fund the origination of new finance contracts and to refinance existing debt, and ELF’s loans are secured by portfolios of notes, loans and/or leases. For additional information, please visit ELF’s website at https://lenderfinance.encinacapital.com.

About 777 Partners

777 Partners is a Miami-based investment firm focused on a broad spectrum of financial services businesses across insurance, lending, specialty finance, and financial technology. Operating in attractive markets and often times esoteric asset classes, 777 seeks to make control investments across the business life cycle in companies with scalable profiles and ambitious management teams. 777 Partners senior management team is composed of industry veterans with backgrounds in private equity, venture capital, investment banking, insurance, financial technology, actuarial science, asset management, structured-credit, ABS, risk, analytics, complex commercial litigation and computer science. For more information on 777 Partners, please visit https://www.777part.com.