CFA Capital Partners ‘CFA’ Has Record Month Despite the Continued Slide of Credit Markets

RYE, N.Y.--(EON: Enhanced Online News)--CFA Capital Partners, one of the nation’s fastest growing private lenders, has exceeded projections by closing six loans in the final calendar month of 2008. Despite current industry challenges, CFA was able to successfully provide timely financing on multiple wide-ranging deals. While the private lending industry struggles due to the drying up of many institutional credit facilities, CFA continues to break new ground in closing real estate bridge loans nationwide.

“Our staff remains busy sifting through hundreds of deals on a weekly basis in order to find mutually beneficial opportunities out there in the marketplace.”

“Our lending capability is as robust as ever,” said Managing Partner John Clancy. “Our staff remains busy sifting through hundreds of deals on a weekly basis in order to find mutually beneficial opportunities out there in the marketplace.”

CFA’s December closings include a student housing facility in Indiana, a 140-unit tower in Jersey City, an industrial property in Denver, a multifamily in Brooklyn NY, a medical office building in Brooklyn NY and a mixed use property in Harlem NY.

“Let’s face it – we are experiencing a deep recession combined with a major credit crisis,” added Steve Anello, Managing Partner at CFA. “We are seeing unprecedented weakness in the market. However, we are also seeing what we consider to be incredible opportunities.”

Trends in the overall real estate debt market has led CFA to announce a new program focusing on the purchase of discounted notes on multifamily, student housing, mixed use, retail, office, and hospitality. CFA is allocating over $500mm in capital over the next 12 months to the purchasing of these types of discounted notes.

CFA is a New York-based private lender focusing on time sensitive financing for specific property types including multifamily, mixed use, neighborhood retail, student housing, and medical office assets.