LCG Provides Acquisition and Development Loan

LCG Arranages $5.3MM Acquisition and Development Loan

Tampa, FL (October 22, 2007) -- At a time when residential developments in Florida are nearly impossible to get financed, LCG Capital Group has arranged $5.3MM in senior debt financing for a 335-unit single- and multi-family community in Lake Placid, Florida. The deal was structured as 36 month, senior construction loan, and was funded by one of LCG's private money sources. The existing note on the property was in default, so speed and certainty of closing was imperative. From start to finish, the LCG team was able to structured, place and close the loan within 45 days.

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.