On January 11, 2022, the United States reported 1.39 million cases, breaking a world record for most COVID-19 cases in one day. With cases at an all-time high, non-essential small businesses are shutting down again, bringing the real estate sector to a standstill, eerily reminiscent of the start of 2020.
Despite the crisis, GCP Fund CEO Joe Malvasio reassured potential investors and developers of their support, saying, “I know what you’re all thinking: just as the industry was starting to come back, comes Omicron, who brings everything back to the twisted. status quo of 2020. It doesn’t have to be that way, and I can say things aren’t as bad as they were in the first wave. If there’s anything this pandemic has taught us, it’s that the show must go on, and GCP Fund is absolutely ready to fund it.
GCP Fund is one of the few hard money lenders that has not suspended commercial acquisition and development lending in light of the pandemic. Even when economies around the world were collapsing, the company provided loans between $1 million and $100 million to acquire, develop, resell and lease warehouses, motels, hotels, mixed-use real estate, multi-family properties, hospitals, restaurants, churches. , and more.
Business developers, owners and investors can diversify their portfolios by applying to several online financing programs. These include short-term and long-term options like asset-based loans, mezzanine loans, bridge loans, joint venture structured finance, and revolving loans.
For more details on each of the above funding programs and how they can be customized to meet unique requirements, visit https://gcpfund.com/.
About Global Capital Partners Fund, LLC
Global Capital Partners Fund is New York City’s premier commercial asset-based lender. Under the direction of its president Joe Malvasio, the private lender has financed a number of bridging and long-term loans for small and large development projects across the United States. The company’s loan approval process is quick, easy and complete with underwriting services. For more information, visit the website listed below.
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