Steven Anello of CFA Capital Partners 'CFA' On the Challenge of Closing a Multimillion Dollar Mezzanine Loan In 9 Business Days

A leading developer of office buildings in Manhattan needed $6.2 million for the closing of his next venture. The challenge: he needed it in less than 2 weeks. A massive multimillion dollar prepayment penalty prevented the implementation of a recorded mortgage. With time running out and money hard in escrow, the deal had to close on time to avoid the potential loss of over $2 million. CFA Capital Partners was contacted with 11 business days remaining until the expiration of the contract.

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Quote startMy business is built on satisfied borrowers. It's why we're still thriving while so many direct lenders are out of businessQuote end

RYE, N.Y. (PRWEB) August 6, 2008

 "This is not the same industry that it was two years ago, or even 9 months ago. The margins have tightened across the board, and we need to differentiate ourselves from our competitors", said Mr. Anello. "How do we set ourselves apart? It depends largely on the deal. In this case, our fluidity of movement and back office integration allow us to close deals that other lenders have a difficult time with."

"This is an industry strongly based on trust, and each time we are able to step in and help a borrower like this, we are helping to ensure that we will have a repeat customer," added Mr. Anello. "My business is built on satisfied borrowers. It's why we're still thriving while so many direct lenders are out of business".

As a company that has proven itself with a multitude of successful deals, CFA has built a strong reputation for managing complex financial transactions, acquisitions, and recapitalizations with its innovative bridge and mezzanine programs. CFA has successfully funded assets such as multifamily residential, hotels, office buildings, medical facilities, and retail.

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