Grandbridge Capital Ready for Business
Copyright 2014 by Virgo Publishing.
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Posted on: 06/13/2007



 

A new company, Grandbridge Capital LLC, has been formed to focus on middle-market recourse and non-recourse bridge and construction loans, mezzanine financing and joint-venture equity investments. Managing Director Kirk E. Booher assembled and will direct the new Chicago-based commercial real estate finance firm. While the company’s deal focus is in the $3 to $15 million range, it will also make JV equity and mezzanine investment transactions of less than $1 million, Booher said.
 
“Grandbridge expects to find success in this sector by spanning financial boundaries and filling the market void created by the shift of traditional participants to larger loan sizes,” said Booher. “Grandbridge will deliver recourse and non-recourse debt and equity financing to middle-market clients as an attractive alternative to recourse bank financing and private ‘one off’ equity raises. Our recourse loans will be a little ‘outside the box’ in that they’ll be more flexible than those experienced in traditional banking relationships.“ 

For more information, e-mail kbooher@grandbridgecapital.com.