MIAMI-Pensam Capital has financed two swing loans on multi-housing properties in Fort Myers and Orlando in September 2010. Pensam financed a borrower for the purchase and renovation of an apartment complex in Fort Myers, which comprises town home design single-story units.
In Orlando, the firm financed a loan to refinance a 184-unit fractured condo's lingering inventory and also offered a credit facility to acquire additional homes within the complex. Both loans were closed within a 14-day period from the date of loan acceptance. For the full story, go to Florida Real Estate Journal.
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