 |
| 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
No comments:
Post a Comment