GenX Lending Exceeding Expectations in Maine pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.
GenX Lending to provide liquidity for illiquid LP and GP interests
New program allows real estate entrepreneurs the ability to monetize their LP and GP equity interests in cash flowing assets and use this capital for other deals
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GenX Capital Partners, LLC, parent company of bridge lender GenX Lending, recently closed $6.7 million in
preferred equity for 1122 West Chicago, a $33 million luxury multifamily development in downtown Chicago.
In no other industry is the adage “cash is king” more relevant than in real estate development and acquisitions. Far too many times, real estate entrepreneurs will come across exciting and profitable opportunities only to be shut out because their equity is tied up in other projects. If they could free up this capital, they would be able to pounce on additional deals and, more often than not, increase the return their illiquid position is currently generating.
Hard money and equity combo? GenX Lending says Yes - Portland Press Herald pressherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pressherald.com Daily Mail and Mail on Sunday newspapers.
GenX Lending: Hard Money, Made Easy
Miami based GenX Capital Partners launches its direct lending platform to meet the needs of real estate developers and investors
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GenX Lending provided $9 million in LP Equity Financing for the $53 million acquisition and renovation of Statler Arms in Cleveland, Ohio
Since 2017, Cape Elizabeth, Maine native Mark McClure has headed up GenX Capital Partners, LLC, a Miami, Fl. based real estate investment banking firm that has closed more than $400 million in commercial real estate debt and equity financing for seasoned developers and investors on a national basis.
Until recent years, the size of the Maine market has not been conducive to McClure’s financing platform. He found it frustrating because it is a market he not only understands, but loves.