Standard Management Company has started a bridge lending division within their real estate operations. The company is seeking businesses for lending opportunities in the Reno area.
Groups will be chosen through an extensive application process where they are selected to receive financial support with a bridge loan.
“We believe in all housing types, and what this would allow local developers to do, is to have access to capital to be able to fix up projects and to provide more housing at different levels of income,” said President Steven Cohen.
The primary focus is on small to mid-size businesses, commercial buildings, and office buildings that are in need of access to capital. Standard Management Company will be acting as the bridge between the status of the current state of the building and the bank.
A goal in this process is to set standards, as well as help stabilize the projects requiring immediate cash flow. With the disbursement of these short-term loans, it can result in further advancement of businesses in the Reno area.
Those inquiring about bridge lending opportunities can connect with Standard Management Company at http://www.standardmanagement.com/contact/ or by calling (310) 410-2300.
Standard Management Company’s mission is to deliver superior returns for real estate investors. They do this through active management of their existing portfolio; acquisition of existing income property or origination of short term loans secured by real estate in California and neighboring states. Since 1961, they have implemented this mission into their business plans. For more information about Standard Management Company, please visit standardmanagement.com