Saturday, August 31, 2013

Forman Capital closes on Two Commercial Property Loans in one day that total $8.45 million


Ramada Winston-Salem, Winston-Salem, NC

PALM BEACH, FL -- Forman Capital, a private equity company that focuses on loan transactions that range from $2.5 million to more than $15 million, recently closed on two commercial property loans in North Carolina that total $8.45 million.

Brett Forman
Brett Forman, founder and president of Forman Capital LLC, said they funded a $4.2 million first mortgage secured by a shopping center in High Point, N.C., and a $4.25 million first mortgage secured by 191-room Ramada Hotel in Winston-Salem, N.C. last month.

A direct lender for commercial real estate nationwide, Forman Capital closed on commercial property loans that total more than $35 million over the past 60 days.

“We are able to provide flexibility and a fast, reliable closing process to accommodate the unique business plans of our borrowers,” Forman explained.


Bank Lending Regulations Provide Impetus for Growth of Forman Capital

Palm Beach, FL--- A stiff regulatory environment governing how banks lend money to real estate investors and business owners is increasing the market for entrepreneurial real estate lenders such as Forman Capital.

Brett Forman, founder and president of Forman Capital, LLC said banks are not lending nearly as much capital as they should or as they have in the past.

“That’s slowing the economic recovery, and I think you can pin most of the blame on the regulatory environment,” Forman said.

“As a private commercial real estate firm, we aren’t hampered by the same regulations,” he said. “For us, the guiding principles are valuations, analysis and experience, and that gives us an enormous edge.”

For a complete copy of the company’s news release, please contact:

 Brett Forman or Dan DeMott 
561-588-0132

Beth Payan or Larry Vershel Communications, 
407-644-4142 

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