Acquisition Loan for Marina on Lake Ray Hubbard in Rowlett, Texas
ATLANTA (PRWEB) AUGUST 12, 2019
Leisure Financial Group, LLC (“LFG”) is pleased to announce it successfully structured and arranged the funding of a $7.64 million acquisition loan for a marina on Lake Ray Hubbard, in Rowlett, Texas that is permitted for approximately 1,000 slips. Working with Stabilis Capital, LFG was able to meet the client’s goals and objectives to successfully acquire the operating marina and position the business for future success.
According to Ray Munoz, Principal at LFG, “Working as a team with the client and lender, LFG was able to assist all parties in developing a loan program that allowed for a quick closing on a very complicated transaction which involved not only the marina, but a large development parcel as well.”
LFG is an experienced brokerage firm that structures, arranges, and services loans in the real estate industry specializing in traditional assets in commercial real estate as well as specialty assets such as Hotels, Resorts, Golf Facilities, and Marinas. LFG provides clients access to Capital from a wide variety of Banks, Life Insurance Companies, CMBS, and private lending groups. LFG’s executive team has over 40 years of experience in real estate lending and has generated over $5 Billion in loan originations since 1990.
For more information contact: Jerry Hinckley, CMO 770.696.0930 jhinckley@leisurefinancialgroup.com