PR.com: Business Directory, Press Releases, Jobs, Products, Services, Articles
 
Businesses Articles Press Releases Follow @PRcom
Press Release Pricing | News by Category | News by Country | News by US Region | Recent News | PR.com News on Your Site
 

Press Releases

 
Locust Park Capital

Press Release


Receive press releases from Locust Park Capital: By Email RSS Feeds:

Locust Park Capital Arranges $14m Acquisition Loan for Miami Multifamily Building


Miami, FL, August 24, 2019 --(PR.com)-- Locust Park Capital has arranged a $14 million acquisition loan for a seven-story multifamily building in the Brickell area of Miami Florida. The recently renovated building was 97% leased at the time of financing. Kenneth Lee of Locust Park Capital arranged the seven-year loan with a fixed rate of 4.220 percent for a New York City based borrower. The Lender was an unnamed life insurance company.

According to Mr. Lee, lending activity in the area has been robust: "With New York's recent changes to rent stabilization laws, our clients have decided to look south for better returns and less headaches. The fact is South Florida continues to be an economic safe haven for investors and tenants alike."

Locust Park Capital is a real estate investment banking and capital advisory business headquartered in New York, NY. Founded in 2018 by accomplished principals with over 30 years of combined experience. The company specializes in arranging sponsor equity and debt financing for developers, funds, and family offices both domestically and in Europe.
Contact Information
Locust Park Capital
Kenneth Lee
646-450-1852
Contact
locustparkcapital.com

Click here to view the list of recent Press Releases from Locust Park Capital
Promote Your Business