08:06 AM EDT, 05/20/2025 (MT Newswires) -- Asset management firm Monroe Capital said Tuesday it partnered with Source One, a subsidiary of financial services provider ECN Capital ( ECNCF ) , to originate and purchase consumer recreational vehicle and marine loans. The initial pool is expected to be US$250 million.

Monroe said it secured a revolving credit facility with Canadian Imperial Bank of Commerce ( CM ) to finance such origination and purchase.

Monroe said the funds will allow Source One to continue to drive origination growth in high quality consumer RV and marine loans. Source One will originate and service the loans.

"We are excited by our partnership with Monroe Capital providing and managing high quality consumer RV and marine loans," said Steve Hudson, CEO of ECN Capital ( ECNCF ). "With this partnership, we continue to execute on our strategy to diversify and expand funding for Source One assets."