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EmailComstock and SunBridge Capital Management form alliance
The companies plan to jointly pursue Capital investment opportunities
July 19, 2011
Comstock and SunBridge Capital Management form alliance
Comstock Homebuilding and SunBridge Capital Management have formed a strategic alliance to facilitate the companies’ pursuit of single-family for-sale housing and multi-family rental projects in the Washington, D.C., area, MarketWatch reported.
The strategic alliance calls for project funding of up to $25 million from each party to capitalize agreed-upon potential investments. SunBridge will also provide up to $20 million of senior secured financing, thereby strengthening Comstock's ability to pursue new real-estate investment and development opportunities.
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