CFA Announces Agreement Venture with Prime Equity Group, LLC
rcop...@cfacap.com
agreement venture with Prime Equity Group, an asset backed private
lending fund. Under the agreement CFA has exclusive access to Prime
Equity's real estate finance division to fund their Short-term "bridge"
and mezzanine notes.
CFA Capital is quickly becoming one of the fastest growing real estate
finance groups in the nation and this joint venture is a key factor to
fuel that growth. "We are very excited about the prospects of having
this institutional capital base; it gives us a major competitive edge
on pricing and execution", said John Clancy, President of CFA. Our deal
flow is growing exponentially and this agreement comes at a perfect
time for CFA's national roll-out.
The minimum loan amount for transactions funded through the joint
venture is $1 million in the NYC Metro area and $3 Million for out of
state. The notes will float over the libor index and will range from 3
to 18 months, interest only.
CFA's management team has extensive experience in commercial and
residential mortgage origination, and have built a reputation for
service, quality and flexibility. CFA's seasoned management team
specializes typically in debt financing for multifamily, office,
retail, resort/hotel and various other commercial real estate
properties.
Contact:
John Clancy
President
CFA Capital Partners, LLC
350 Theodore Fremd Ave
Rye, NY 10580
Phone: (914) 967-5850
Fax: (914) 967-5863
Cell: (914) 329-9809
visit us at www.cfacap.com
Steven Vornea, CFO
Steven Anello, COO