Glandon Capital Group Ends 2006 With 19 Transactions Closed And $75 Million In Loan Commitments For The Year
January 18, 2007
CHARLOTTE, NC - Glandon Capital Group, LLC, is starting 2007 with strong momentum. During 2006, Glandon completed 19 transactions in four Southeastern states representing $75 million in loan commitments.
The private firm that connects commercial borrowers with funding from a network of Southeastern community banks opened its Charlotte office in August 2005 and its Atlanta office in July 2006. Glandon Capital primarily focuses on funding property acquisitions and development of residential and commercial properties in the Southeast.
"As the banking industry continues to consolidate and evolve, Glandon sees opportunity in 2007 and beyond to serve commercial borrowers and community banks with our quality approach to risk and growth," said Glandon president and founder Chris Elliott. "The personal experience in commercial lending in the Southeast that our team offers gives Glandon insight and access to quality borrowers that fit the portfolio criteria of our participating community banks."
Throughout 2006, Glandon brought together transactions in North and South Carolina, Georgia and Virginia with capital from the Glandon network of community and regional banks.
About GLANDON:
Glandon Capital Group, LLC, is a private debt firm that originates commercial loans from $2 million to $30 million from its Charlotte and Atlanta offices. Glandon's approach and quality underwriting builds upon deep and wide local market knowledge. Glandon provides borrowers access to capital through a network of community and regional banks in the Southeastern United States. Glandon also provides mezzanine financing ranging from $500,000 to $3 million for qualified transactions..
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Media Contact: Agnes Stevens
919-417-0858