Stratus Financial Announces New Up to $50 Million Forward Flow Facility with Monachil Capital Partners
August 06 2024 - 9:30AM
Business Wire
New partnership provides Stratus with
significant capacity for continued growth in offering innovative
financing solutions to students pursuing aviation education
Stratus Financial LLC (“Stratus” or the "Company"), a trusted
consumer finance platform committed to providing student loans to
aspiring student pilots at all levels of experience, today
announced a forward flow facility of up to $50 million from funds
managed by Monachil Capital Partners LP ("Monachil"). Stratus
intends to use the new financing to originate new student loans,
further diversifying its existing base of capital providers. The
new financing partnership includes an initial sale of Stratus’
existing portfolio of loans and will primarily support the
origination of new loans.
“This level of partnership with Monachil Capital Partners
represents a significant milestone in the evolution of our capital
markets strategies. This partnership not only underscores the
growing sophistication of our approach but also reflects our
commitment to fostering institutional relationships that drive our
mission forward,” said Alan Rios, Chief Investment Officer at
Stratus.
“Stratus has built an impressive origination and servicing
platform serving a highly-attractive niche in consumer lending.
Stratus has a unique business model and generates attractive assets
in an underserved market, providing much-needed solutions to
consumers,” said Jacob Zeldin, Portfolio Manager at Monachil. “We
believe strongly in the Company’s mission and look forward to
supporting its growth plans with this new partnership.”
“This new financing agreement with Monachil Capital Partners
aligns Stratus with a capital partner that shares our vision and
enhances our ability to deliver impactful solutions to the aviation
education market,” said Anthony Geraci, CEO and Co-Founder of
Stratus. “Monachil has proven to be a valuable partner,
demonstrating a deep understanding of our business and values. We
are excited to build this partnership and continuing to provide our
borrowers with a seamless and exceptional lending experience.”
“This new round of funding will empower more aspiring aviators
to earn their wings in 2024, solidifying Stratus’ position as the
premier provider of flight training financing,” said Brandon
Martini, COO and Co-Founder of Stratus.
The Monachil partnership supports future growth at Stratus,
which since inception has originated more than 600 loans and is
currently working with more than 260 FAA-chartered flight schools
throughout North America. Stratus has also been recognized for its
particular focus on super-prime borrowers giving the Company an
edge over other consumer finance strategies.
Edgar Matthews & Co. LLC served as exclusive financial
advisor to Stratus on the transaction.
About Monachil
Founded in 2019, Monachil Capital Partners LP is a Greenwich, CT
based private credit manager focused on opportunistic investing.
The firm specializes in providing bespoke funding to global lending
and tech-enabled platforms that operate in the alternative lending
space and are participating in the disintermediation of the
traditional banking complex. Monachil leverages proprietary
technology to create an interface with borrowers’ platforms,
enabling the consumption of real-time data and allowing for the
active management of inherent risks.
About Stratus Financial
Founded in 2020 by FAA Certified Flight and Ground Instructors
who are passionate about helping others achieve their dreams of
flight, Stratus is a consumer finance platform providing flexible
and innovative educational funding solutions to students pursuing
aviation education and training. Stratus is fully geared to marry
Student Success and School Success with several programs designed
for Flight Schools, by Flight Schools and is on a mission to help
aspiring pilots achieve their flight dreams as swiftly as possible
through hassle-free flight school loan programs.
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Alan Rios Chief Investment Officer 949-430-9738
alan@stratus.finance