What we Do

Stonebriar Commercial Finance is a privately held commercial finance company established in 2015 and based in Plano, TX. With financial backing from Security Benefit Corporation ("SBC"), Stonebriar is building a world class, multibillion-dollar platform of commercial loans and leases.

SCF offers financing solutions to a wide variety of industries throughout the entire credit spectrum, for businesses located in the United States, Canada, and select foreign jurisdictions.


Strong Capital

Sizable financial resources and stable committed capital.

Long-term Commitment

Security Benefit Corporation, a 120-year-old life insurance company with $30 billion of assets, offers SCF long-term, patient, perpetual capital.

Strong Management Team

We have a proven track record and are highly experienced at operating multibillion-dollar finance businesses.

Broad Expertise

SCF has a diverse and disciplined culture with significant credit, industry and collateral assessment expertise.

Efficient Model

Scalable and tested systems providing efficient underwriting, processing, and portfolio management processes.

Tailored Solutions

Built to provide cost-effective solutions tailored to each client through all business and economic cycles.

Middle Market Segment Focus

The commercial equipment finance market is growing and vibrant. Stonebriar is well-positioned to provide financing solutions to the underserved sectors that have been affected by the more stringent regulatory requirements of banks, as well as the exit of systemically important financial institutions ("SIFI's"), which have historically served this market.

Diversified Portfolio

Stonebriar specializes in financing integral, essential, and income producing assets across a variety of industries, from aviation to construction, energy, and transportation.


Stonebriar Commercial Finance offers financing solutions for assets in a wide variety of industries, including aviation, rail, energy, and manufacturing.

    • Commercial Passenger
    • Cargo Aircraft
    • Corporate Aircraft
    • Turbo Props
    • Helicopters
    • Engines
    • Barges
    • Tugs
    • Push boats
    • Dry docks
    • Offshore supply vessels
    • Commodity Transportation
    • Covered hoppers
    • General service tankcars
    • Flatcars
    • Gondolas
    • Boxcars
    • Trailers
    • Trucks
    • Buses
    • Containers
    • Material handling
    • Assembly lines
    • Processing lines
    • Injection molding
    • Machining
    • Stamping
    • Presses
    • Fork lifts
    • Oilfield equipment
    • Frac tank trailers
    • Compressors
    • Workover rigs
    • Cogeneration facilities
    • Turbines
    • Solar Panels
    • Power plants
    • Pipelines
    • Heavy haul trucks
    • Drills
    • Shovels
    • Excavators
    • Draglines
    • Continuous and high wall miners
    • Bulldozers
    • Loaders
    • Backhoes
    • Cranes
    • Graders
    • Excavators
    • Compactors
    • Credit tenant leases
    • Commercial mortgage lending
    • Rolling stock
    • Law enforcement
    • Fire equipment
    • Utilities
    • Real estate
    • Waste treatment
    • Wafer & Semiconductor fabrication
    • Servers
    • Data processing
    • MRI
    • CAT scanners
    • Particle accelerators
    • Ultrasound
    • Furniture
    • Fixtures & equipment
    • Real estate
    • Paper production
    • Printing
    • Agriculture
    • Telecom
    • Gaming
    • Media


Stonebriar is led by a proven management team, each of whom have an average of more than 25 years’ experience in the equipment finance sector.

Dave B. Fate
President & CEO
Paul T. Bossidy
Nicholas M. Sandler
Executive Vice President, Senior Managing Director – Aviation Capital
Steve E. White
Executive Vice President, Senior Managing Director - Capital Markets
Curtis A. Valenzuela
EVP, Sr. Managing Director Real Estate Group
Jeffrey L. Wilkison
Senior Vice President, Chief Credit Officer
Kyle C. Parks
Senior Vice President, Senior Managing Director - Head of Direct Originations
Kevin J. Sensenbrenner, ASA
Senior Vice President, Senior Managing Director - Asset Management
B. Andrew Fletcher
Senior Vice President, General Counsel
Timothy S. Milazzo
Senior Vice President, Chief Financial Officer
Jason Muncy
Senior Vice President, Director of Funding and Investor Relations


Stonebriar Commercial Finance is an Eldridge Industries portfolio company.

Eldridge Industries (“Eldridge”) is a private investment firm specializing in providing both debt and equity capital. Eldridge invests across diversified industries with a focus on media and sports, insurance, real estate development, asset lending and financing, branded food and hospitality, and asset management businesses. In particular, the firm seeks to build and grow companies led by proven management teams that have demonstrated leadership and experience to scale an enterprise. Eldridge is headquartered in Greenwich, Connecticut, with additional offices in Beverly Hills, New York, and London.


Dave B. Fate | President & CEO

Dave Fate is the President and Chief Executive Officer of Stonebriar Commercial Finance and provides leadership and oversight over all aspects of the business. With over 30 years of experience, Dave created and launched Stonebriar with capital backing from Security Benefit Corporation. He was formerly Executive Vice President and Chief Operating Officer for AIG Commercial Asset Finance. Dave had been the de-facto Chief Executive Officer for three years, and was responsible for leading all investment activities for Direct Originations, Specialty Finance, Corporate Real Property Finance, Canada and select International markets as well as the day-to-day operations. Dave had previously played a key role in building two successful de-novo commercial finance businesses which grew to over $3B (AIG & Transamerica).

Dave led a team of 32 professionals focused on originating both secured and unsecured transactions with clients on a direct basis and via strategic partner relationships, providing finance and lease products to a wide range of industries including, but not limited to, marine, construction, transportation, energy, utilities, manufacturing and technology. Dave joined AIG Commercial Asset Finance in late 2004, and was instrumental in the design and development of this de novo start up. In that position, he played a key role in the formation and transformation of the company over the last ten years to a $1.8billion diversified asset finance company.

He began his career in 1983 as a credit analyst with CIT in Wichita, KS. He moved to Texas in 1987 when CIT reorganized. Dave joined ITT Capital Finance in 1988 and played a vital role in its growth and ultimate divestiture in 1994. Dave was instrumental in the de-novo startup of Transamerica Equipment Financial Services in 1995. Post-acquisition of Transamerica by AEGON, Dave played a key role in the subsequent sale of TEFS in early 2004.

Dave has over 30 years of experience in the financial services industry. He has been active in the Equipment Finance and Leasing Association and served as a board member for the Equipment Finance and Leasing Foundation. He received a Bachelor of Science from Fort Hays State University in his home state, Kansas where he played college football.


(469) 609-8501

Paul T. Bossidy | Chairman

Paul is the Chairman of the Board of Stonebriar Commercial Finance. He brings with him a broad spectrum of expertise in business leadership, including several years of equipment finance leadership roles. From 2008 to 2014, Paul was the President and Chief Executive Officer of Clayton Holdings LLC, a global business services company located in Shelton, CT.

Paul led a number of businesses during his thirteen-year tenure with the General Electric Company. Beginning in 1993 as the General Manager of Corporate Business Development, he became Product General Manager of the Refrigeration product within GE Appliances from 1994 to 1996, where he led a $2 billion business and directly managed product planning, strategy, advertising, pricing, marketing and new product development.

From 1996 to 1999 Paul was President and Chief Executive Officer of GE Lighting - North America, where he was responsible for a $3 billion revenue business with 30 manufacturing plants and 12,000 employees.

Paul became President and Chief Executive Officer of GE Capital - Vendor Financial Services in 1999. Here he managed 3,000 people and was responsible for all functions for this $30 billion asset global vendor financing unit. In 2001 Paul was appointed President and Chief Executive Officer of GE Capital - Commercial Equipment Finance. He led 8,000 associates located in 15 countries for this $75 billion asset global equipment finance company. In 2005 Paul was named President and Chief Executive Officer of GE Capital Solutions, a $120 billion asset diversified global finance company. Paul began his career as a Staff Auditor for Coopers & Lybrand in New York. He holds a Bachelor's degree from Williams College, a Masters in Accounting from New York University Graduate School of Business, and an MBA from Columbia University Graduate School of Business. He is a Certified Public Accountant and a Certified Six Sigma Black Belt.


Nicholas M. Sandler | Executive Vice President, Senior Managing Director – Aviation Capital

Nicholas Sandler is Executive Vice President and Senior Managing Director at Stonebriar Commercial Finance and Head of SCF Aviation Capital, a leasing and financing platform that provides customized capital solutions to owners, operators, dealers and manufacturers of business and commercial aircraft worldwide.

Previously, Nicholas was a Managing Director at Guggenheim Partners where he was Head of Business Aircraft Investments - a group he founded - and portfolio manager of the Guggenheim Aircraft Opportunity Fund, L.P. He also served as Head of Public Affairs, where he was responsible for the firm’s interaction with government constituencies at the federal, state and local levels, was member of the firm’s corporate credit group and worked on strategic and corporate development initiatives in international markets.

Prior to joining Guggenheim in 2008, Nicholas was an analyst and portfolio manager at a private investment company in Hong Kong. Earlier in his career, he co-founded Public Insight, a policy-focused research firm that serviced institutional investors and was a principal of a Washington, D.C.-based government-relations firm advising Fortune 500 clients and elected officials' campaign committees. From 2002 to 2004, he served as special assistant to former California Gov. Gray Davis.

Nicholas serves on the boards of Epic Aero, Inc., the parent company of Flexjet and Sentient Jet, the Miguel Contreras Foundation and is President of the Los Angeles Dodgers Foundation, the official team charity of Major League Baseball’s Los Angeles Dodgers.

Steve E. White | Executive Vice President, Senior Managing Director - Capital Markets

Steve has over 35 years of experience in the financial services industry and is the Senior Vice President and Senior Managing Director at Stonebriar Commercial Finance, directing all of Stonebriar’s Capital Markets activities. Steve was Senior Managing Director of Capital Markets at GE Capital, leading Capital Markets for all GE Capital’s Equipment Finance and Leasing businesses.

Steve began his career in 1979 as a credit analyst with Credit Alliance Corp., headquartered in NYC. In 1982, he accepted a senior Credit/Underwriting position with Maryland National Bank Leasing, in Towson, MD. Over the following eight years, Steve took on increasing responsibilities, becoming Senior Vice President of Capital Markets for Maryland National.

Steve joined GE Capital in 1990, and was Co-Founder of GE’s Capital Markets Group. He played a key role in the formation of global Capital Markets activities for all GE, leading a 40-person global capital markets team located in 17 countries, and growing from $80MM of domestic syndications to over $8.0 Billion annual syndication in 17 countries. Steve. The global team focused on loan and lease syndications, portfolio buy / sell activities, investor development / management, alternative funding, pricing, underwriting, warehouse lines, and securitizations. Steve’s experience includes, among others, healthcare, marine, construction, transportation, energy, utilities, manufacturing and technology.

He has been active in the Equipment Finance and Leasing Association and served as a member for the Bank/Large Corporate committee. He received a Bachelor of Science from Towson State University and a MBA from Loyola University, in Towson, MD. Steve is a licensed FINRA series 7 and series 24 principal.


(410) 292-9323

Curtis A. Valenzuela | EVP, Sr. Managing Director Real Estate Group

Curtis has over twenty-five years experience in commercial lending, specializing in SBA 504 Priority Lien Loans and Interim Loans. Curtis has led his team in successfully closing over $325MM across over 250 real estate projects. He is also a licensed attorney in both Texas and California which provides unique insight on financial and legal structuring.

Curtis has a BBA in Marketing and MBA from California State University and a Juris Doctorate from Western State College of Law.


tel: (469) 609-8526

Jeffrey L. Wilkison | Senior Vice President, Chief Credit Officer

Jeffrey has over twenty-five years of experience and a strong background in financial services. He has a history of successfully managing a high-performing credit department, responsible for the full range of managerial duties including staffing, underwriting, documentation, lien perfection, collection and recovery and compliance with policies and practices of both the organization and applicable regulatory agencies. Jeffrey is experienced in establishing systems of credit analysis and quality assurance that support assignment of credit ratings in conjunction with loss reserve analysis. He has exhibited very successful portfolio management performance across a broad array of asset types, including rail and aviation deployed in a diverse geographic area, including Canada and Mexico. He has strong structuring and product knowledge of loans, capital and operating leases, leveraged and synthetic leases and real estate. His capabilities also include managing and operating with internal funding sources under multi participant credit and securitization facilities.

Jeffrey has a BBA in Finance from the University of Texas at Arlington.


(469) 609-8505

Kyle C. Parks | Senior Vice President, Senior Managing Director - Head of Direct Originations

Kyle Parks is the Head of Direct Originations for Stonebriar. He is responsible for providing strategic direction and leadership to the team of SCF originators chartered to structure asset-centric loan and lease solutions directly with prospective commercial finance clients across the U.S., Canada, and select international markets. A 15-year veteran of the financial services industry, Kyle has managed several direct originations platforms providing structured capital solutions to clients. Most recently, Kyle was Senior Vice President and Senior Sales Manager for Wells Fargo Equipment Finance’s (“WFEF”) Energy and Marine group. In this capacity, Kyle led a team of five industry focused originators tasked with growing WFEF’s presence and portfolio in these markets. Prior to, and in addition to his energy and marine management responsibilities, Kyle led a team of six general industries originators focused on middle market to corporate clients in the southern U.S.

Kyle joined WFEF in 2006 as Senior Vice President and Specialty Markets Manager – Energy. In this role, Kyle worked collaboratively with the bank’s energy lending group building WFEF’s energy related portfolio. Previously, Kyle was Director – Energy Finance with ORIX USA’s Structured Finance group and Vice President – Senior Account Manager with GE Commercial Finance – Commercial Equipment Financing.

Kyle received a Master of Business Administration from Texas Christian University and a Bachelor of Arts from The University of Texas at Arlington. Kyle resides in Southlake, TX with his wife and four children.


(469) 609-8525

Kevin J. Sensenbrenner, ASA | Senior Vice President, Senior Managing Director - Asset Management

Kevin Sensenbrenner has direct management responsibility for all asset valuation, lease portfolio management, and remarketing activities. He began his career in 1998 as a commercial and industrial machinery and equipment ("M&E") and real estate ("RE")-add appraiser with AccuVal Associates. Kevin was responsible for Co-Managing AccuVal's M&E appraisal practice, which at the time of his employment, was the largest M&E appraisal firm in North America. At AccuVal, Kevin gained extensive experience appraising domestic and international large industrial/manufacturing facilities., such as: steel and paper mills, metal fabrication and automotive assembly plants, chemical/petroleum processing plants, carpet manufacturers, food processing facilities, printing operations, and energy related assets.

Kevin began his Asset Management career at AIG Commercial Equipment Finance ("AIG CAF") in 2006 as Vice President & Senior Asset Manager, valuing and managing a diverse portfolio. His responsibilities increased successively and ultimately included all asset management functions for AIG Investments and AIG CAF portfolios. At AIG, Kevin valued and managed a diverse portfolio with assets in manufacturing, transportation, oil and gas, mining, construction, marine, rail, and technology industries, as well as real estate assets. Prior to joining SCF in 2015, Kevin led an equipment management valuation team overseeing Wells Fargo Equipment Finances $29.5 billion portfolio, with responsibility for commercial bank, corporate bank, capital markets, marine, energy, and rail business verticals.

Kevin has a Senior ASA appraiser designation with the American Society of Appraisers. He has served as an ELFA Equipment Management Committee member since 2007, speaks annually at the ELFA-EMC conference, and has developed extensive experience in valuing and remarketing commercial and industrial assets of all kinds. Kevin received a BA in Finance & Marketing from University of Wisconsin - Milwaukee.


(469) 609-8507

B. Andrew Fletcher | Senior Vice President, General Counsel

Andy has more than 20 years’ experience in the commercial finance sector, representing institutional lenders on a wide variety of matters related to secured and unsecured finance and lease transactions - from small ticket to large, complex public and private debt offerings. He has a successful track record of combining his broad base of legal knowledge and technical skills with a deep understanding of practical business management to support the growth and profitable operations of industry leaders. He has been a trusted member of executive management teams with primary responsibility for developing, implementing and managing the legal and compliance functions and related budget. He is highly respected for his dedication to ethical business practices, leadership skills, and his ability to quickly and pragmatically articulate and resolve issues.

Andy began his legal career representing clients in complex commercial bankruptcy cases. Having moved in-house after five years in private practice, he was quickly promoted to General Counsel for Transamerica Equipment Finance and then joined the start-up team as General Counsel for AIG Commercial Finance. Stonebriar is the second denovo start-up in which Andy has been tasked with developing and managing the legal and compliance function.

Andy earned his Bachelor of Arts in Economics from the University of Texas and his Juris Doctorate from Southern Methodist University. He is a member Texas State Bar and active member of various trade associations including the Equipment Finance and Lease Association and the American College of Investment Counsel.


(469) 609-8502

Timothy S. Milazzo | Senior Vice President, Chief Financial Officer

Tim is the Chief Financial Officer for Stonebriar Commercial Finance, responsible for all financial and fiscal management aspects of company operations. Tim has over 25 years’ experience in the financial services sector.

Tim has been instrumental in the architecture of Stonebriar’s business and was part of the original senior management staff of AIG Commercial Equipment Finance (“CEF”), where he was integral to its launch in October 2004.

Prior to CEF, he held progressively more accountable positions in the finance department at Transamerica Equipment Financial Services, ending his tenure as Controller. Hands-on experience includes cross-departmental roles, mergers and acquisitions, financial planning and analysis, reporting and a comprehensive applied knowledge of financial accounting and general ledger systems. He is entrusted with critical leadership responsibilities such as staffing, operating system identification and implementation projects, and forming the infrastructure for multiple new business platforms.

He is a registered CPA and holds a BS degree in Accounting from Eastern Illinois University, Charleston, IL.


(469) 608-8503

Jason Muncy | Senior Vice President, Director of Funding and Investor Relations

Jason Muncy is Senior Vice President and Director of Funding and Investor Relations at Stonebriar Commercial Finance, bringing more than 15 years of diverse corporate finance, securitization and capital markets experience.

Previously, Jason served as Director of Asset Finance for Credit Suisse in New York, where he was a senior leader of a team that originated, structured and managed a multi-billion dollar portfolio of asset-backed financings across various sectors in the US, UK, Europe and Australia.

Prior to his role at Credit Suisse, Jason held positions of increasing responsibility at Barclays Capital, GE Capital and Citibank / Salomon Smith Barney.