Comstock and SunBridge Capital Management form alliance

Comstock and SunBridge Capital Management formed a strategic alliance to facilitate the companies’ pursuit of home building and multi-family rental projects in the Capital.

July 19, 2011
merger, alliance, comstock, home builder, homebuilder

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.

Read the full report.

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