Article: Perseus announces $1B loan program.(FINANCE)(Brief article)

Perseus Realty Partners, L.L.C., a fully integrated, private equity real estate investment management firm, announced the launch of the PRP Participating Loan Program, designed to provide up to $1 billion in one-stop financing for the development or acquisition/ repositioning of office, retail, industrial and multifamily properties.

The program is geared toward properties with a total capitalization between $20 million and $75 million located throughout the United States, providing a full capital stack solution of up to 95 percent loan-to-cost financing for qualifying developers for whom traditional sources of finance have all but dried up in the wake of the ...

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