Soaring Pine Capital Closes on Loan for Royal Oak Property
Updated: Nov 5
Birmingham, Mich., Mar. 7, 2018 – Soaring Pine Capital, the real estate vertical of Simon Group Holdings, has closed on a $1 million short-term bridge loan from its Real Estate and Debt Fund II for a property in downtown Royal Oak. The property will be used for a multi-use development containing 40 apartments and multiple retail spaces.
“It’s always exciting to see new developments in our local neighborhoods,” commented Faiz Simon, Managing Director at Simon Group Holdings. “Royal Oak is a great city and we are proud to contribute to its growth.”
Simon and the Soaring Pine Capital team plan to cash out on the loan within 120 days.
In addition to the upcoming Royal Oak property, Simon Group Holdings has recently funded a variety of other multi-use developments in Metro Detroit though their Soaring Pine Capital Real Estate and Debt Fund II.
About Soaring Pine Capital
Founded under the umbrella of Simon Group Holdings in 2014, Soaring Pine Capital (SPC) invests in lower middle market opportunities via private fund investment strategies in private equity and real estate. SPC’s private equity funds focus on supporting visionary entrepreneurs and making middle market investments, particularly in the areas of energy, logistics, infrastructure, transportation, manufacturing and business services. Similarly, the SPC real estate investment funds focus on lower middle market real estate opportunities including undervalued real estate, note purchases, multifamily, bridge/hard money loans, etc.