Now that the summer and its heat has passed, I hope everyone is excited about the cooler fall temperatures but can also look back on some memorable summer adventures. Obviously, the big event this past quarter for those of us in North Carolina was Hurricane Florence. Although the storm delivered a serious blow to the eastern region of our state, the strength and resiliency of our community has been remarkable. Also notable is the overwhelming desire of so many people not directly affected by Florence to help our eastern neighbors, either financially or by volunteering their time for cleanup efforts. We Carolinians are a tough bunch, and we are making that evident right now! Please continue to keep those affected in your thoughts and prayers.
Summer is here! Despite a cooler spring that seemed to linger much longer than usual, we certainly have jumped head first into the “dog days” of summer. Despite the recent heat wave that swept across much of the country (and certainly hit us here in the Southeast), we hope that everyone had a safe and fun-filled Fourth of July. Hopefully, you found a cool breeze while celebrating our country’s Independence in the presence of family and friends. With the 4th falling midweek this year, we certainly felt a pause before and after the holiday. It seems that both our clients and lenders are now back in the saddle and ready to continue what has already been an active 2018.
Despite the extended winter weather during the first quarter of 2018, business activity has been boiling at Medalist Capital, where we achieved record volume with 34 deals totaling $497 million! The current pipeline is also very robust and we want to thank our loyal clients and capital sources whose efforts also helped us surpass $10 Billion in loan volume since the inception of Medalist Capital in 2004!
Medalist Capital recently arranged life insurance company financing for The Gramercy in Raleigh, North Carolina and Solis Ninth in Durham, North Carolina. Both deals were led by Howard Brooks, Principal, in Medalist’s Raleigh office.
Medalist Capital Arranges $100 Million Debt Placement for The Pinnacle at Symphony Place in Nashville
Medalist Capital recently arranged financing for The Pinnacle at Symphony Place in Nashville on behalf of Highwoods Properties. The debt placement team was led by Bat Barber, Principal, in Medalist’s Raleigh, NC office with one of their correspondent lenders, Allianz Real Estate, who was the sole lender on the $100 million financing.