Ratings reflect continued credit enhancement and strong collateral performance
Verdant Commercial Capital, LLC, a division of Axos Bank, the nationwide bank subsidiary of Axos Financial, Inc. (NYSE: AX), announced that Moody’s Ratings upgraded five classes of notes across its Verdant Receivables 2023-1 and 2024-1 equipment asset-backed securitizations, reflecting strong collateral performance, rising credit enhancement, and continued stability in Verdant’s equipment finance platform.
Moody’s upgraded three classes in the 2023-1 transaction and two classes in the 2024-1 transaction following a full review of both transactions.
Verdant reaches $1.07B in funding, $1.7B managed portfolio and $4B life-to-date
Verdant Commercial Capital closed a milestone year in 2025, surpassing $1 billion in annual originations for the first time and completing its acquisition by Axos Bank in late September. The year combined record performance with a strategic transition that positions Verdant for continued growth in equipment finance.
2025 Business Results
Verdant originates leases and loans by partnering with top-tier vendors, OEMs and dealers to finance business-essential capital equipment and software as part of its vendor-focused model.
Verdant Commercial Capital announced today that Denise Garcia has joined the company as a Managing Director for the Technology & Office Automation vertical. Garcia brings more than two decades of executive leadership in vendor finance, sales operations and technology-focused financing programs.
At Verdant, she will focus on onboarding new technology vendors, strengthening relationships with large technology clients and delivering tailored financing solutions specific to the technology industry.
The RedHawk50 identifies, recognizes, and celebrates the 50 fastest-growing Miami-owned or Miami-led businesses in the world. The RedHawk50 not only celebrates their success, but it also provides a forum to recognize and celebrate the Miami University graduates and former students that founded, own, and/or lead those businesses each year and serve as a vehicle for them to pass lessons learned to the next generation of Miami entrepreneurs.
The rankings were based on the compound annual growth rate of companies over a three-year period. Verdant Commercial Capital was recognized at number 15 on the list.
Two of Verdant’s founders, Mike Rooney and John Merritt, are Miami University alumni.
This year’s Monitor highlighted 50 notable women in the equipment finance industry who were nominated by readers and hand-selected by the Monitor’s editorial board and staff. One of the Verdant Commercial Capital team was included on this prestigious list.
Sandy Kline
Senior Vice President, Credit
Verdant Commercial Capital
“I’ve been fortunate to work with incredible mentors throughout my career. As they have supported me, I strive to support people starting out or learning new positions. Knowledge sharing is essential for everyone’s growth, success and longevity. Always pay it forward.”
Axos Bank, the banking subsidiary of Axos Financial, Inc. (NYSE: AX), announced today the acquisition of 100% of the membership interests in Verdant Commercial Capital, LLC (“Verdant” or “VCC”), an independent equipment leasing company with approximately $1.1 billion of loans and leases on its balance sheet at August 31, 2025, including approximately $750 million of on-balance sheet securitizations and $350 million of loans and leases.
Despite rising rates, competitive pressure and lingering economic uncertainty, the Monitor 100 companies posted modest gains in assets and originations in 2024. With hiring expected to rebound and a renewed focus on technology, efficiency and disciplined growth, the equipment finance industry is cautiously preparing for a more expansive 2025.
The 2025 Monitor 100 companies reported net assets of $568.1 billion, new business volume of $205.6 billion and 27,128 employees.
Each year, the Monitor highlights 40 up and coming leaders under the age of 40 in their Monitor NextGen issue. One of this year's equipment finance rising stars is one of the Verdant Commercial Capital team.
Travis Burnett
Vice President, Relationship Manager
Verdant Commercial Capital
“As the tech landscape evolves daily, the biggest opportunity in equipment finance today is the explosive growth of technology, fueled by innovations like artificial intelligence and other emerging advancements.”
Verdant Honored with Fast 55, Top Workplace Awards for Fourth Time
Verdant Commercial Capital, LLC has been honored for the fourth time by two independent outlets for its continued growth and workplace culture.
Verdant was named a Top Workplace in Greater Cincinnati and Northern Kentucky 2025 by The Enquirer Media. Verdant has received the award every year since 2022.
Verdant Commercial Capital successfully closes fourth asset-backed securitization for $400.6 million
Record performance reflects strong performance, credit quality
Verdant Commercial Capital, LLC, the sixth largest independent equipment finance company in the United States, has announced the closing of its latest and largest 144a term securitization. The “VERD 2025-1” transaction totaled $400,639,000 in asset-backed notes collateralized by a diverse portfolio of high-quality equipment leases and loans, comprised of construction equipment, material-handling equipment, vocational vehicles, golf course related equipment and other industrial equipment. The average original equipment cost was about $150,000.