Entries by erobirds

PRC’s Mark Remington Share Insights on Hotel Financing

Bethesda, MD, November 7, 2019 – PRC’s Mark Remington was part of a panel discussion on “The Anatomy of the Capital Stack & Creative Financing” at Bisnow’s Hotel Leadership, Investment & Management Summit. …The pullback on LTV creates more opportunities for gap financing … Another source that can fill the gap is EB-5 financing, said […]

PRC Structures $28.8M Acquisition Loan for Purchase of Class A Office in New Jersey

Bethesda, MD, October 30, 2019 – Phillips Realty Capital announced that a $28,795,000 transaction on behalf of Legacy Investing, LLC, a repeat client, has closed and funded. Bridge Investment Group provided non-recourse financing for Legacy to acquire a 205,000 square foot Class-A office building located at 77 Corporate Drive in Bridgewater, NJ. Phillips Realty Capital’s […]

PRC Works with Madison Marquette on the Recapitalization of One Light Street

Bethesda, MD, October 28, 2019 – Phillips Realty Capital’s Mark Remington is proud to have worked with Madison Marquette and Bridge Investment Group on the $185 million recapitalization of One Light Street. Located in the heart of downtown Baltimore, One Light Street is a new trophy mixed-use high rise featuring luxury residential apartments, Class A […]