Seminole Financial Services, LLC (“Seminole”) announced today the closing of a $2.3 million investment in the rehabilitation of a historic mill in Monroe, North Carolina.
Seminole’s investment enables Downtown Pioneers, LLC to complete a rehabilitation of the historic Monroe Hardware Warehouse in downtown Monroe, North Carolina. The structure will undergo a transformation from a 50,000+ square foot warehouse, originally built in 1924, to a high-density, mixed-use development accommodating 26 residential apartment units and four commercial spaces. This project is expected to serve as a catalyst for the revitalization of downtown Monroe, North Carolina.
For information about this and other financing, please contact Ron Campbell, Executive Vice President for Seminole Financial Services, at (727) 331-8441 or at firstname.lastname@example.org.
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.
Downtown Pioneers, LLC is a real estate development group that specializes in renovating and managing historic properties throughout North Carolina and will develop, own, and manage the completed project. The 12-month loan will be partially repaid via federal and state historic tax credits. Seminole is proud to be involved in such a noteworthy preservation project.