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| Danny York |
ATLANTA, GA — Franklin Street Capital Advisors (FSCA) has
launched a proprietary small-balance mezzanine loan program. In addition to
offering direct mezzanine loans, FSCA also specializes in the placement of
first mortgage debt and equity solutions.
“With the amount of
CMBS debt maturing during the next couple of years, we saw an opportunity to provide
sophisticated investors a solution in the event of a refinance shortfall,” said
Danny York, president of FSCA.
“There are very few
institutions providing small balance mezzanine loans. Our platform and
infrastructure allows us to provide this type of product, where others may be
unable to.”
FSCA is interested
in providing mezzanine loans for all property types, with an emphasis on
multifamily and retails, in the Southeast.
The small balance mezzanine loan program features loans of
$500,000 to $5 million; terms of three to five years; and carries interest
rates of 12 to 15 percent, depending on the quality of asset, the sponsor, the
loan-to-value ratio and the debt-service coverage ratio.
FSCA works with
clients to develop, optimize and implement plans that enable them to achieve
more, retain more and profit more by taking a proactive and knowledgeable
approach to arranging debt and equity for income-producing real estate
investments.
For a complete
copy of the company’s news release, please contact:
Savannah Duncan • The Wilbert Group
1720 Peachtree St., Suite 350 • Atlanta, Ga. 30309
O: 404-343-0870 • M:
404-901-4433
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