GenX Capital Partners Close $5MM In "Hard Money" Deals For Aug and Sept Under New Platform

    MIAMI, FL, September 27, 2018 /24-7PressRelease/ -- In the last 12 months, GenX Capital Partners has closed in excess of $60 million in JV equity/debt on $200+ million in acquisitions for their regional and institutional sponsors as well as for their own account and thus far for 2018 are on pace to exceed that number by at least 20%. With this activity, however, spawned a flurry of inquiries from smaller real estate developers and investors seeking debt and equity for deals that were well under the radar of a typical GenX deal ($10 million minimum), and this activity didn't go unnoticed by GenX Capital Partners Managing Partner, Mark McClure.

"Every large deal we closed, whether debt or equity, we would see financing requests jump dramatically and a lot of these requests would be in the $250K to $3MM range. Deal sizes that are too small for our institutional investors. Not wanting to miss out on these viable deals with attractive returns, however, we partnered a group of investors here in South Florida where we can lend directly, and end of July we launched the private money platform, essentially "hard money", and from then until now, we have closed in excess of $5MM in 13 hard money deals, closing most in less than 10 days on average. So while we are still active in the JV equity space for multifamily, hospitality and development (equity check sizes $3MM to $75MM), we are also now pushing the private lending platform for real estate investors and developers looking for $250K to $3MM in debt and a fast closing, on average 10-14 days tops. Speed and limited paperwork has started to make us the leader in South Florida as we aggressively look to expand nationwide," McClure ended.

If you're a real estate investor or developer seeking $250K to $3MM for your next project and time is of the essence, GenX Capital Partners Private Lending Platform could be an ideal alternative. Typical closing is under 2 weeks, no upfront fees (except 3rd party), first position only, can use BPO's in lieu of appraisals in a lot of cases, limited paperwork and no tax returns needed. Go to www.GenXCP.com for more information.

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