Crown Capital provides $25 mln in funding to PenEquity Realty
Canadian specialty finance firm Crown Capital Partners has provided a $25 million, 10-year term loan to PenEquity Realty Corp, a full-service real estate company focused on commercial shopping centres in Ontario. Toronto-based PenEquity, which specializes in large-scale destination retail-entertainment centres, as well as commercial and residential land development, currently has seven projects underway. Funding provided by Crown will be used to support its growth. PenEquity's loan is the first transaction completed under Crown's new long-term financing strategy. The strategy was a key part of the firm's initial public offering and fundraising activity earlier this year.
16 December 2015•4 mins read
