Glenfield Capital acquired a portfolio of assets from a local bank which included raw land, commercial pad sites and office condos valued at over $4.5 million. This was Glenfield Capital’s fourth acquisition from United Community Bank. “We are very pleased to continue to acquire opportunistically and put out capital to acquire assets for which values … CONTINUE READING »
Glenfield Capital provided a first mortgage loan to local builder Cypress Communities to acquire the remaining townhome sites known as SERA at Lindbergh from Wells Fargo. The bridge loan will assist Cypress with closing, as Cypress prepares for permitting, finals plans and construction financing. The townhome sites are part of a $145 million mixed use … CONTINUE READING »
Early in 2008, Glenfield Capital began to focus on distressed residential developments, recognizing these assets originally put the most pressure on financial institutions. We acquired several assets from United Community Bank and Bank of North Georgia, a division of Synovus Bank, including loans and REO, with debt valued at over $19 million. In the first … CONTINUE READING »
James Cate was a featured panelist today at Foltz Martin’s real estate panel – 2011: Is This the Right Time to Get Back into the Real Estate Market? After the collective experience of the past 3 years, panelists discussed various aspects of real estate and the importance of timing investments in the current and upcoming … CONTINUE READING »