- Business
- CV Holdings, Inc. (CVHL) operates as a specialty finance company that owns and manages finance platforms focused on small-ticket equipment financing and commercial real estate bridge lending. The company provides equipment lease financing up to $250,000 nationwide across multiple industries through its principal subsidiary Centra Funding, LLC, a Dallas/Plano, Texas-based platform originating commercial small-ticket leases and finance contracts typically not exceeding $400,000 using a vendor-based model for small and medium-sized businesses in sectors including foodservice; it also historically offered bridge loans secured by first mortgages on commercial real estate assets such as multi-unit residences, industrial properties, offices, hospitality, and other commercial properties through CV Capital Funding, LLC (CVCF). Centra generates additional revenue from force-placed insurance, early termination fees, and servicing income, while maintaining compliance with its debt facilities agented by an affiliate of Wells Fargo Bank. Founded in 2005 and headquartered at 1300 Quail Street, Suite 106, Newport Beach, California, the company conducts operations across the United States with a portfolio of approximately $147 million in wholly owned equipment finance contracts as of December 31, 2024. In recent developments, Centra acquired a competitor's team and technological platform including LeaseQ and its restaurant and franchise team in May 2024 to launch Centra Culinary Finance and expand its credit offerings, simplified its product range in early 2024 amid improved performance on 2023-2024 originations compared to prior years, and grew net contracts receivable by 4.4% year-over-year despite increased credit loss provisions; meanwhile, CVCF's joint venture wound down with property sales and foreclosures leading to a full writedown of the company's investment, all other non-core businesses including non-performing loan servicing and venture leasing were liquidated by 2024, and Colborne Brighton, LLC continued deferring mandatory redemptions on its approximately $129 million Senior Non-Convertible Preferred Stock through June 30, 2025 while holding about 50% of common shares outstanding.