2.4 ACRE OCEAN FRONT SITE ACQUIRED
$9.4 Million Deal in Heart of Vilano Beach, Florida

Vilano Beach, Florida. – Regional Capital Group, LLC closes on a $9.4MM first mortgage loan in Vilano Beach, Florida. The loan proceeds shall be used to fund the acquisition of 2.4 acres of land as well as provide the construction financing for a new development project located on the southern most point of Porpoise Point Drive in Vilano Beach.

The subject property is located in the non-incorporated coastal community of Vilano Beach on the tip of the barrier island peninsula off A1A just north of historic St. Augustine, Florida. Vilano Beach lies between the Atlantic Ocean, the Tolomato River and St. Augustine Inlet, making this particular, one of a kind site, even more desirable, especially with the current redevelopment project underway in Vilano Beach.

This small coastal community was approved as a Community Redevelopment Area (CRA) in October of 2002 called the Vilano Town Center area and has been receiving state grants and favorable financing for roadway improvements and other infrastructure costs. The subject property is located directly south of where the new town center is currently under construction. This site has the ability to be segregated from the rest of the area with the addition of an entryway or gate.

The developers proved experienced and very knowledgeable about the current redevelopment project as well as with the local area. RCG’s funding is structured as a revolving construction loan, whereby funds shall be advanced as property is built and sold or occupied, therefore reducing risk and exposure by advancing funds as they are being repaid.

ABOUT REGIONAL CAPITAL GROUP

Regional Capital Group is a private short term real estate lender and investment company specializing in creative financing solutions. The Company provides creative loan programs for commercial and residential properties structured in the form of debt, equity and mezzanine financing. RCG offers alternative loan structures which may fall outside of the traditional lending sources to expedite a closing should an opportunistic situation arise.

For more information, visit Regional Capital Group online at http://www.regionalcapital.com or call (856) 983-4800.