Second Street Capital, Inc. (CTON: PK) is pleased to announce the formation of Second Street Realty, LLC and Second Street Co...
January 22 2013 - 2:47PM
OTC Markets
Second Street Capital, Inc. (“SSCI”) announced today that the
company has formed two new wholly owned subsidiary companies, a new
real estate brokerage subsidiary named “Second Street Realty, LLC
and a new construction company called Second Street Construction,
LLC. The new companies
are designed to help clients that are interested in acquiring new
small and medium size income producing properties. Mr. Layne Meyer will be the
principle broker for the real estate company and president of the
construction company.
Mr. Meyer has over thirty years of real estate experience having
been in the homebuilding business as well as the real estate sales
and finance business.
Mr. Meyer stated “the Florida real estate market has started to
recover, however there are still thousands of properties that are
owned by banks and distressed owners still willing to accept below
market prices when presented non-contingent cash contracts. Our
expertise in finding, underwriting and adding value by rehabbing or
adding new construction to these types of properties provides us
with an unprecedented opportunity to offer investors access to
situations, that when acted upon quickly, can produce exceptional
returns.”
Thomas Lunak, President of Second Street Capital, Inc. adds “Our
program targets properties in high-demand areas where we can help
our clients add value by utilizing our in house construction and
property management expertise to help reposition properties and
bring them up to market value.”
Second Street Capital, Inc, (“SSCI”)
www.secondstreetcap.com
Second Street Capital, Inc. is all about entrepreneurs working with
entrepreneurs. We operate as a specialty finance company making
revenue participation loans and preferred equity investments
secured by real estate. We also make and manage investments in
qualified real estate related assets as both a principal and on
behalf of certain institutional clients.
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