Seminole Financial Services, LLC (“Seminole”) announced today the closing of a $16.8 million interim debt investment in a 253-unit multi-family apartment community in the Galveston, Texas area.
The interim loan allows The Marquette Companies to meet current debt obligations and to provide time to negotiate agency debt on the project that is performing well and currently 94% occupied. The project is situated just 400 feet from the Gulf of Mexico on 15.64 acres of Galveston Island. Marquette is a privately held company focused on purchasing, redeveloping and managing real estate assets nationwide and is headquartered 45 miles northwest of Chicago in South Elgin, Illinois.
For information about this and other financing, please contact Ron Campbell, Executive Vice President for Seminole Financial Services, at (727) 331-8441 or at
Seminole Financial Services, LLC (SFS) is the operating entity of the six companies that collectively make up the Seminole Companies (Seminole). SFS is responsible for originating, underwriting, servicing and providing asset management for the debt and equity investments originated for institutional investors managed by sister company, Seminole Advisory Services, LLC (SAS). SAS is a registered investment advisor with the SEC and presently has several hundred million dollars in assets under management. SFS provides debt and equity investments for commercial real estate and renewable energy transactions nationwide, specializing in short and intermediate term investments.
The Marquette Companies are a group of private real estate development companies focused on redeveloping and managing underperforming assets nationwide. Marquette is headquartered in Naperville, Illinois.