Press Release

Crossroads Equipment Lease and Finance is excited to share that its Director of Syndication Michael Peterson recently passed the CLFP exam, given by the Certified Lease & Finance Professional (CLFP) Foundation.

Crossroads Equipment Lease and Finance is pleased to announce that Lorraine Reynoso has been named one of Women In Trucking’s 2022 Top Women to Watch in Transportation.

Crossroads Equipment Lease and Finance is excited to share that four of its staff members recently passed the CLFP exam, given by the Certified Lease & Finance Professional (CLFP) Foundation.

Velocity Truck Centers (VTC) is pleased to announce that the company has expanded further into the Southeast with the acquisition of Triple-T Truck Centers.

Suzann Fakhoury, Vice President of Operations at Crossroads, has been named one of Monitor’s Top Women in Equipment Finance. Monitor (www.monitordaily.com) is the leading source for equipment finance and equipment leasing industry news, articles and opinions.

Crossroads Equipment Lease and Finance is pleased to announce and welcome Mike Cohen as its new Chief Risk Officer, effective immediately. Mike has over 30 years’ experience in equipment finance, including risk and leadership roles with some of the biggest lenders in the industry.

Crossroads Equipment Lease and Finance is an industry leader in programs designed to replace older on road commercial equipment with cleaner, lower emissions vehicles. For Earth Day this year, Freightliner’s new eCascadia made an appearance at our headquarters in Rancho Cucamonga for a preview of the zero emissions future of commercial transportation.

Velocity Vehicle Group (VVG) is pleased to announce that the company has acquired Great West Truck Center in Kingman, Arizona. This will extend VVG’s reach to the intersection of interstates 40 and 93, positioned midway between VVG’s other locations in Flagstaff, Hesperia and Las Vegas, giving seamless service to VVG’s customers in the Southwest.

Velocity Truck Centers (VTC), the leading group of commercial vehicle dealerships in the Southwest, is pleased to announce that the company has expanded into the Southeast with the acquisition of Neely Coble Company, Inc. This acquisition extends VTC’s reach from California, Arizona, Hawaii and Nevada into central Tennessee, northern Alabama and southern Kentucky. Neely Coble’s primary locations sell and service the Freightliner, Western Star and Isuzu brands from locations in the Nashville, TN, Huntsville/Decatur AL, and Bowling Green KY metropolitan areas.

Crossroads Equipment Lease and Finance, LLC recently priced its US$163MM ABS debut backed by commercial truck loans to solid demand, reducing its cost of borrowing and enabling expanded funding options. Crossroads closed the equipment securitization on February 3, 2021 through Crossroads Asset Trust 2021-A.