Publication Date:
Tue, 2011-07-19 07:31
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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 [1].
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.
