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Second Street Capital, Inc. (CTON: PK) is pleased to announce the formation of Second Street Realty, LLC and Second Street Co...
Date : 01/22/2013 @ 2:47PM
Source : OTC Markets
Stock : Second Street Capital, Inc. (PC) (CTON)
Quote : 0.3 0.0 (0.00%) @ 4:47PM
Second Street Capital, Inc. (CTON: PK) is pleased to announce the formation of Second Street Realty, LLC and Second Street Co...
PrintAlert
Second Street Capital, Inc. (“SSCI”) announced today that the company has formed two new wholly owned subsidiary companies, a new real estate brokerage subsidiary named “Second Street Realty, LLC and a new construction company called Second Street Construction, LLC. The new companies are designed to help clients that are interested in acquiring new small and medium size income producing properties. Mr. Layne Meyer will be the principle broker for the real estate company and president of the construction company. Mr. Meyer has over thirty years of real estate experience having been in the homebuilding business as well as the real estate sales and finance business.
Mr. Meyer stated “the Florida real estate market has started to recover, however there are still thousands of properties that are owned by banks and distressed owners still willing to accept below market prices when presented non-contingent cash contracts. Our expertise in finding, underwriting and adding value by rehabbing or adding new construction to these types of properties provides us with an unprecedented opportunity to offer investors access to situations, that when acted upon quickly, can produce exceptional returns.”
Thomas Lunak, President of Second Street Capital, Inc. adds “Our program targets properties in high-demand areas where we can help our clients add value by utilizing our in house construction and property management expertise to help reposition properties and bring them up to market value.”
Second Street Capital, Inc, (“SSCI”)
www.secondstreetcap.com
Second Street Capital, Inc. is all about entrepreneurs working with entrepreneurs. We operate as a specialty finance company making revenue participation loans and preferred equity investments secured by real estate. We also make and manage investments in qualified real estate related assets as both a principal and on behalf of certain institutional clients.
AI
