Global private financial group with headquarters in San Francisco advises on $56 million construction loan for hospital-to-homes real estate conversion.
SAN FRANCISCO, MAY 2021 – US Capital Global has advised on a $56 million real estate loan for a multifamily real estate developer based in the United States (the “Company”). The Company is responsible for the redevelopment of a hospital-to-homes conversion on the site of a former disused hospital. The project will include two new buildings housing several hundred multifamily units, with ground floor retail space. The development will also feature an indoor pool, gym, conference area and business center, theater, yoga room, and multiple resident lounges including a rooftop lounge, alongside several acres of green space.
US Capital Global is a full-service private financial group with an established track record in investment banking, asset management, and capital formation services. The firm provides sophisticated debt, equity, and investment products to lower middle market companies and investors. All securities are offered by the group through its FINRA-member, SEC-registered broker-dealer affiliate, US Capital Global Securities LLC.
“We are pleased to have served this multifamily real estate developer as its strategic financial advisor in this important project, which seeks to provide many new homes in a highly sought-after area,” said Jeffrey Sweeney, Chairman and CEO at US Capital Global. “The Company sought funds to refinance existing debt, complete demolition of the hospital, and meet its working capital needs in order to complete the first phase of development. US Capital Global was able to assist the Company in securing a $56 million term loan, and we are pleased to have supported the Company in moving towards phase two of development.”
Established in 1998, US Capital Global leverages the latest FinTech and RegTech innovation to provide sophisticated debt, equity, and investment products to lower middle market companies and investors. The US Capital Global group manages direct investment funds and provides wealth management and capital formation services through its affiliates, including US Capital Global Investment Management LLC, US Capital Global Wealth Management LLC, and its FINRA member, SEC-registered broker-dealer, US Capital Global Securities LLC. The group collaborates closely with its peers in professional banking and investment advisory.www.uscapglobal.com.
To learn more about US Capital Global, email Jeffrey Sweeney, Chairman and CEO, at email@example.com or call +1 415-889-1010. 05062021-RE-VG