MUSA Auto Finance was founded by Jeff Morgan, who also owns Mortgages USA and Internet Auto Group. Richard Frunzi, President, former co-founder and COO of Exeter Finance Corp., joined Mr. Morgan in 2016 to create MUSA Auto Finance. The company has recently consummated the asset purchase of an originations, servicing and collections platform based in Jacksonville, FL.
“It has always been a career goal of mine to create an auto finance company that would modernize vehicle leasing and make it accessible to more consumers. To be entering into this venture with Goldman Sachs and Crestline Investors sets MUSA on the path to become one of the premier consumer vehicle leasing companies in the US,” said Jeff Morgan, Owner and CEO of MUSA Auto Finance.
Richard Frunzi, President, added, “Our new funding capacity gives MUSA the ability to build out our infrastructure, and launch our innovative lease program nationally. Our effortless lease program greatly simplifies the leasing process, opening doors to dealer personnel that have never offered a lease product before. In addition, our unique product gives customers an option to lease both new and pre-owned vehicles.”
About MUSA Auto Finance
MUSA Auto Finance maintains its corporate offices in Dallas, TX with a Servicing/Collections center in Jacksonville, FL. MUSA originates its leases from franchise and select independent dealers and will be expanding its sales force nationwide. The company expects to be in 25 major markets over the next 12 months and all 48 contiguous states within the next two years.
MUSA’s leadership team consists of Jeff Morgan, Owner and CEO, Richard Frunzi, President, Cinde Perales, Chief Compliance Officer, Eric Estes, Chief Operations Officer and Scott Schondau, Chief Financial Officer.
About Crestline Investors, Inc.
Crestline Investors, Inc., founded in 1997 and based in Fort Worth, Texas, is a credit focused institutional alternative investment management firm with approximately $9.2 billion of assets under management. Crestline specializes in credit and opportunistic investments, including bespoke financing and restructuring solutions for mature or troubled private equity funds. In addition, the firm manages a multi-PM equity market-neutral hedge fund, and provides Beta and Hedging Solutions for Institutional clients. Headquartered in Fort Worth, Texas, the company maintains affiliate offices in New York City, Chicago, London, Toronto and Tokyo. For more information, please visit www.crestlineinvestors.com.
Contact: Crystal Kramer 800-600-6872