PALM BEACH, FL -- Forman Capital, a direct lender for
commercial real estate nationwide, recently funded a $26 million first mortgage
secured by 280 units in the 709 unit community known as Shores of Panama
located in Panama City Beach.
 |
| Brett Forman |
Brett Forman,
founder and president, said the loan was utilized to refinance the existing
bridge debt, and provide greater flexibility for the sponsor’s business plan.
Forman Capital took
an entrepreneurial approach to the transaction, provided flexible terms, and
closed in less than 30 days.
Forman Capital’s
platform combines real estate underwriting and analysis of traditional credit
metrics, with integrity and speed. Since 2004 Forman Capital has provided
creative and reliable capital solutions to its middle market clients across a
diverse range of real estate asset classes and transaction types.
 |
| Gulf of Mexico at Panama City Beach, FL |
For a complete copy of the company’s news release, please
contact::
Julie Wilson, Marketing Director, Forman Capital, LLC
561-588-0132
Brett D. Forman, President, Forman Capital, 561-588-0132
Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com
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