Northpoint Commercial Finance is marketing its first ever securitization, a $216 million transaction backed by dealer floorplan receivables, according to DBRS.

The company was founded in February 2012 by the former executive management team of Textron Financial Distribution Finance Group (TFDFG).  TFDFG’s ABS program, Textron Financial Floorplan Master Note Trust issued three term ABS transactions between 2005 and 2007.

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