Park Capital Group closes $60 million deal with The Lopez Group
November 3, 2008 - Brokerage
Park Capital Group has just closed a $60 million commercial real estate deal with The Lopez Group.
Because Park Capital Group focuses on creating long-term relationships with its clients, the company was able to understand The Lopez Group's strong potential for growth. That, along with the desire to form a mutually beneficial partnership with The Lopez Group, drove Park Capital Group's decision to invest in the firm.
In keeping with its commitment to invest $1 billion in business and real estate developments over the next year, Park Capital Group has also funded a $3 million line of credit to Cincinnati lender Tri Loan, Inc., for a hangar business.
As with his company's investment in The Lopez Group, Kleinsmith said Park Capital Group was driven to invest in Tri Loan, Inc. because of the opportunity it presented both firms.