North Mill Equipment Finance, an independent commercial equipment lender and lessor, reported $1.8 billion in total originations in 2025, a record year that doubled the company’s assets under management to $2.4 billion.
The results included $566 million in syndicated volume and were driven by a series of strategic initiatives, including the acquisition of Pawnee Leasing, the purchase of the Midland Equipment Finance portfolio, and the origination and syndication of assets through a joint venture with Oaktree Capital Management focused on fair market value leases, according to today’s North Mill release. Company leadership said the growth reflected diversified origination sources, expanded syndication capabilities, and disciplined underwriting and execution.
North Mill’s syndication activity played a significant role in its 2025 performance, enabling the company to support larger transactions while distributing risk across partners, according to the release. Operationally, the lender integrated acquisitions, optimized portfolios, and scaled infrastructure to support growth.
Looking ahead, the company said it will remain focused on disciplined expansion, portfolio quality, and continued investment in scalable platforms to support long-term growth, according to the release.
Check out our exclusive industry data here.
