Centra Announces $10 Million Equity Infusion and Major Expansion of Business ModelPlano, Texas - November 15, 2016
FOR IMMEDIATE RELEASE
Centra Leasing, Inc., the fast growing equipment financing company based in Plano, Texas announced that it has agreed to a $10 million equity investment by CV Holdings, Inc. Centra Leasing, Inc. will continue to operate but as a subsidiary of Centra Funding, LLC, a wholly owned subsidiary of CV Holdings, Inc.
Centra was formed and owned by John Boettigheimer who will continue as a significant owner and as President/General Manager. John Boettigheimer, Centra President said, “This large investment provides us with an extremely strong balance sheet and will give us the capital to expand our position in the marketplace. We expect to aggressively develop new and innovative programs for that the market currently lacks”. Centra provides financing programs for equipment vendors and financing professionals throughout the United States through its websites 4hourfunding.com and centraleasing.com. Going forward, Centra will operate as Centra Funding, LLC. and 4 Hour Funding Plus, LLC.
CV Holdings Inc. (“CVH”) is a publicly traded finance company backed by a multi-billion dollar New York based equity asset management firm. CVH’s current businesses include: (i) LongVue Mortgage Capital, an investor in residential loan portfolios; (ii) Centra Funding LLC, an originator of vendor based small ticket equipment leasing transactions; (iii) Vensource Capital, LLC, an originator of equipment leases to the bio tech, hi tech and life sciences industry and (iv) CV Capital Funding, LLC, a real estate bridge lending company. CVH’s strategic goal is to build a pre-eminent specialty finance company through the growth and maturation of its various finance verticals. CVH has offices in Newport Beach, CA, New York, NY, Boston, MA, Westport, CT and Plano, TX.