Seminole Financial Services, LLC (“Seminole”) announced today the closing of a $8.5M investment in a 220 unit student housing development in the East Lansing, MI area.
Seminole’s investment will enable Capstone Development Corporation to begin construction on much-needed student housing near Michigan State University. The development, when completed, will house up to 683 students within a half mile from campus.
Capstone Development is an award-winning leader in the development of student housing. Capstone has developed housing for over 35,000 students on 57 campuses nationwide.
For more 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). SFS 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.
Capstone Development Corp. is one of the various companies comprising “The Capstone Companies.” Headquartered in Birmingham, Alabama, and now in its 21st year of business, Capstone Development Corp. is the nation’s most active development partner with colleges and universities, having been selected to partner with 61 institutions to develop 38,500 beds on campus/campus affiliated housing. Capstone Development Corp.’s total on and off campus housing experience reflects over $3.0 billion in project costs/value, and 61,919 beds.