Newly minted Green Isle Entertainment has entered into an initial $60 million dollar multiple picture financing agreement with Allegiance Capital Corp.

Industry vets Edwin Larson and Scott Vandiver unveiled the pact Friday at the American Film Market.

First films on the slate are a pair of Brit comedies — “Little Lucky,” which follows the plight of a former high flyer who is down on his luck until a lucky black cat enters his life and “Home from Home” focused on a truck driver trying to manage two families a thousand miles apart who have no knowledge of each other. Both pics were written by Brian Ward and Martin Stellman (“The Interpreter”). Foreign tax credits are being secured and managed by Contrarian Tax Unit.

Larson’s been involved with financing pictures and worked at United Productions Inc., United International Film Corp. and Keller Entertainment Group. Vandiver exec produced “Tale of the Mummy” and “Black Dawn.”