CALABASAS, CA-Partners Capital Solutions Inc. grew its real estate financing business by 53% in 2013. Last year, the firm funded 77 deals totaling more than $200 million.
PCS posted continued, strong growth of 53% in its private-portfolio, residential and commercial real estate financing business during the year. Also, of the 77 deals closed, over 80% of them were for repeat clients. The firm has now funded over $500 million to date in real estate projects for its clients since its inception.
PCS creates sophisticated, structured-financing solutions for real estate professionals with commercial, hospitality and residential deals from $2.5 million to $10 million in the Western US. The firm seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
As GlobeSt.com reported in December 2013, Michael Klein, chief operating officer and fund manager for PCS, spoke during the RealShare Phoenix Metro conference. Klein admitted the relative unpredictability of interest rates, but stated: “You can take a look out at your projects and see where they may land. Most of ours are 12 to 18 months. But if you're asking, I think things will remain relatively flat for a while.”
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