LCG Arranges $6.6MM Bridge Loan on Condo Conversion

$6.6MM Bridge Loan on Unsold Inventory

Tampa, FL (September 12, 2006) -- When the developer of a condo conversion project in Naples, FL was facing a time crunch, he turned to LCG Capital Group to refinance his matured note. The new loan was to be secured by the remaining inventory of unsold condominium units; a challenge given the softening residential market. The existing note on the property was in default, so speed and certainty of closing was imperative. LCG was able to quickly determine the value of the asset and fund the loan through one of its private funds.

With offices in Tampa, Miami, Atlanta, Columbus and Houston, LCG is a boutique investment banking firm, specializing in mergers and acquisition, debt and equity financing, and strategic advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including on-balance sheet lenders, specialty financing companies, hedge funds and private equity firms. For more information regarding LCG Capital Group or the services it provides, please call (813) 226-2800 or visit www.lcgcapital.com.