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Mark McClure of GenX Capital Partners Closes $3.2MM "Cash Out" Refi for 336 Unit Development in Ft Myers

Summary by Ground News
Renaissance Development Group secured a $3.2 million "cash-out" refinance on their fully approved, 336-unit development. Creative cash-out allows experienced sponsor to recap investors while finalizing $87 million construction schedule. GenX Capital Partners consistently closes over $100 million annually in debt and equity financing for top-tier real estate developers.

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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…

·New York, United States
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Benzinga broke the news in New York, United States on Thursday, February 1, 2024.
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