Recent Transaction: Miami, Fl based, Clark Capital Funding Group secures $12.5M Hospitality Refinance, San Jose, CA
NEWS RELEASE:September 8, 2022: Recent Transaction: Miami, Fl based, Clark Capital Funding Group secures $12.5M Hospitality Refinance, San Jose, CA
“We are having a record year with regards to overall fee production. We closed a number of transactions and the lion’s share was focused on construction financing largely for multi-family and condominiums, which is really indicative of market conditions. We help secure several bridge-to-perm financings, which has been a popular product for people that are on high-leveraged loans at higher rates. The product enables them to refinance at no occupancy, take out there high cost construction financing to have a ramp up period to stabilize, and transition to an agency loan or some type of permanent financing ” says, Walt Clark, Chairman and CEO of the Miami, FL-based private lender.