Pioneer Realty Capital, LLC Arranges Loan to Refinance SS Partners Portfolio of Multifamily Properties.
ARLINGTON, Texas, Oct. 8, 2014 /PRNewswire/ -- Pioneer Realty Capital, LLC, a leading Texas-based Commercial Mortgage Intermediary and Non-Bank Lender specializing in debt and equity transactions, has closed a $6,125,000 loan to refinance the SS Partners Portfolio of Multifamily Properties located in Grayson County, Texas. The loan was successfully negotiated and arranged with a Chicago based debt fund that specializes in providing recapitalization debt structures for multi-family properties.
SS Partners first acquired its portfolio of seven properties in 2007 and by June 2014 had built up considerable equity. The firm approached Pioneer Realty Capital to inquire about the possibilities of recapitalizing its assets in order to increase the firm's liquidity. The firm's management expressed concern about how their C-Classed assets located in a tertiary market would be received by debt investors.
The Pioneer Realty Capital, LLC team prepared a detailed "Offering Memorandum" highlighting the economic benefits of this investment and subsequently received multiple offers from competing debt funds.
"We have a seven year history with Pioneer Realty Capital and remain confident in their ability to provide the best capital solutions for our firm. Charles Williams, Managing Director of Pioneer Realty Capital, is a straightforward, honest financial professional who enjoys a great reputation with the financial markets. His knowledge of the industry, deep network of capital partners and ability to properly analyze and structure capital requests is key to the firm's ability to provide clients with the best capital solutions." Mr. Mendi Salijeski, Managing Director – SS Partners, LLC.
About Pioneer Realty Capital, LLC - Pioneer Realty Capital, LLC approaches commercial mortgage lending with the client in mind. They understand that each commercial real estate mortgage is unique and many don't fall within general lending guidelines. Business owners and real estate investors frequently need innovative financing structures tailored to a unique situation. Pioneer Realty Capital's objective is to present customized debt and equity capital structures that address and satisfy the concerns of all stakeholders to achieve successful transaction execution.
Pioneer Realty Capital, LLC arranges and closes commercial mortgage debt and equity transactions for a national network of capital and participating partners. Their debt and equity programs provide commercial real estate owners and investors with access to nonbank lending sources that include pension funds, life insurance companies, real estate investment trusts, hedge funds, investment and regional banking firms.
The firm is headed by its founder and Managing Director, Mr. Charles Williams, MBA, EA.
SOURCE Pioneer Realty Capital, LLC
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