Legion Capital Funds $13 Million Facility for Real Estate Developer

Rhea-AI Summary

Legion Capital (LGCP) announced a significant milestone with the closing of a $16 million loan facility aimed at developing a mixed-use property in Central Florida. This project will encompass the acquisition and development of approximately 3,000 residential units. Chairman James Byrd emphasized the firm’s commitment to expanding its reach in the growing demand for residential and mixed-use developments in the Greater Orlando area. Legion Capital specializes in providing bridge funding and growth capital to underserved small and medium-sized companies and real estate developers.

Positive

• Closing of a $16 million loan facility for mixed-use development.
• Development project includes approximately 3,000 residential units.
• Expansion of relationships with proven developer clients.
• Growing demand for residential and mixed-use development in Greater Orlando.

Negative

• None.

Private Equity FinTech Lender continues accelerated growth with expanding real estate market in the United States

ORLANDO, Fla., April 19, 2022 (GLOBE NEWSWIRE) -- Legion Capital (OTCQB: LGCP) a FinTech driven specialized lender, announced the closing of a $16 million loan facility for the development of a mixed-use property in the Central Florida area. The loan facility will be for acquisition, entitlement and horizontal development of the property, which will be a master planned, mixed-use development for approximately 3,000 residential units.

“We are pleased to expand the relationship with a proven developer client through the addition of this exciting new project. Legion has demonstrated the ability to grow its relationships and reach to meet the ever-increasing demand for residential and mixed-use development in the Greater Orlando area,” stated James Byrd, Legion Chairman and Co-Founder.  “We continue to look for opportunities to expand the Legion footprint throughout our home market and this project is a perfect example of that.”

About Legion Capital

Legion Capital (OTCQB: LGCP) is a FinTech enabled, publicly traded specialized business lender providing growth capital to small and medium sized companies and real estate developers.  Legion provides bridge funding, acquisition finance, development, and growth capital in a highly customized and expeditious manner, addressing a large and growing segment of small business lending that is under-served by banks and institutions.

Legion  Capital  serves  our  Investors  and  Financial  Advisors  through  a suite  of  diversified equity and debt investment  products, many of which  offer attractive yields, non-correlation to traditional financial markets, and defined liquidity dates.  For more information, please visit www.LegionCapital.com.  

Disclaimer:
Certain statements that we make in this information piece may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information concerning future strategic objectives, business prospects, anticipated savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand for and pricing of our products, acquisitions and divestitures, anticipated results of litigation and regulatory developments or general economic conditions. In addition, words such as believes, expects, anticipates, intends, plans, estimates, projects, forecasts, and future or conditional verbs such as will, may, could, should, and would, as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees, and they involve risks, uncertainties and assumptions. Although we make such statements based on assumptions that we believe to be reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to rely unduly on any forward-looking statements and urge you to carefully consider the risks described in any Offering Documents associated with this information piece. We expressly disclaim any obligation to update any forward-looking statement in the event it later turns out to be inaccurate, whether the result of new information, future events or otherwise. Legion is a private lender, and not a member of FINRA or FDIC.

MEDIA & INVESTOR CONTACT:
Jamison Lenczyk
Investor Relations Director
407-720-4616
JamisonL@LegionCapital.com

FAQ

What is the recent loan facility announced by Legion Capital (LGCP)?

Legion Capital announced a $16 million loan facility for the development of a mixed-use property in Central Florida.

How many residential units are included in the new development project by Legion Capital (LGCP)?

The new development project will comprise approximately 3,000 residential units.

What market is Legion Capital (LGCP) expanding into?

Legion Capital is expanding its presence in the residential and mixed-use development market in the Greater Orlando area.

What type of clients does Legion Capital (LGCP) serve?

Legion Capital serves small and medium-sized companies and real estate developers, providing growth capital and bridge funding.