Mark McClure of GenX Capital Partners Closes $3.2MM "Cash Out" Refi for 336 Unit Development in Ft Myers
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1 Articles
Mark McClure of GenX Capital Partners Closes $3.2MM "Cash Out" Refi for 336 Unit Development in Ft Myers
Creative cash-out allows experienced sponsor to recap investors while finalizing $87 million construction schedule MIAMI, Feb. 1, 2024 /PRNewswire/ -- Renaissance Development Group was able secure a $3.2 million "cash-out" refinance on their fully approved, 336-unit development in Ft. Myers, FL set to break ground late 2024. Mark McClure of GenX Capital Partners underwrote the financing with one of their private equity partners out of Boca Raton…
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