New Acquisition & Development Loan Financing - Bear Run (Mobile, AL MSA)
Harvest Capital announces the successful closing of a new A&D financing; Bear Run
HarvestCapital has closed a $9,900,000 acquisition and development loan to 68 Venturesfor 207 single-family lots in Saraland, Alabama, less than 15 minutes north ofdowntown Mobile. Harvest is committed in supporting our partner as they help toprovide much-needed housing to their core markets.
Harvest is an industry leader in residential real estateinvestment & asset management with over $960m in capital exposure managed,$490m+ in new capital investments, $1.7B in gross project revenues, and 17,500+lots financed, managed, and developed over 69 unique real estate projects.
Through our exclusive partnership with TPG Angelo Gordon, adiversified credit and real estate investing platform within TPG, we strive to address the lack of A&D financing available inthe market today. We are deeply committed to empowering residential landdevelopment projects that create a positive impact in their respectivecommunity landscapes. By investing in strategic, programmatic lendingrelationships, we believe we can help our development partners scale theirbusinesses while also contributing to the growth of the local economies inwhich we operate by helping address the shortage of attainable housing in theseregions.
For more information, please visit our website at www.harvest-realestate.com or email us directly at: info@harvest-realestate.com
