Essex Capital Arranges $10.6 Million Real Estate Financing
Essex Capital Group, Inc., a private investment banking firm located in Tampa, FL, announced today that it recently arranged $10.63 million in commercial real estate mortgage financing for a leading independent retailer of home appliances and electronics on two properties located in the Southwestern U.S.
The new mortgages were provided by a specialty finance company, and the proceeds allowed the shareholder to refinance the existing mortgages and liquify significant equity in the properties.
Essex Capital President, Robert Swain, commented, “The mortgage financing we were able to raise for our client is unique in that the lender didn’t have any restrictions on the owner taking significant cash out of the deal, allowing him to diversify his personal asset base by leveraging his equity in the two properties. We were also able to negotiate a “limited recourse” personal guarantee for our client.”
About Essex Capital Group, Inc.
Essex Capital Group, Inc. is a Tampa, Florida-based investment banking firm founded to provide financial advisory services to small and middle market privately-held companies located throughout the United States. Essex focuses on advising business owners regarding the sale or recapitalization of their companies, including arranging private placements of equity, mezzanine debt and senior debt.
- Contact Information
- Robert Swain
- Essex Capital Group, Inc.
- Contact via E-mail
This news content may be integrated into any legitimate news gathering and publishing effort. Linking is permitted.
News Release Distribution and Press Release Distribution Services Provided by WebWire.