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Program Streamlines Luxury Condo Financing
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CenterPoint is providing capital for Kubik, a $160-million high-rise, mixed-use project in Miami. | CenterPoint, Inc., a real estate investment company, is helping developers move forward with their condominium projects by providing customized boutique financing programs.
Headquartered in Miami Beach, with offices in New York, Las Vegas, Vancouver, Beijing and Shanghai, CenterPoint is a member of the National Council of the Housing Industry — the supplier 100 of NAHB.
CenterPoint says that its financing program is geared to helping developers save on their financing costs and receive an accelerated response time from the lender that will enable them to capitalize quickly on new opportunities.
CenterPoint’s Project Driven Financing™ program is designed to provide developers with early stage equity, mezzanine and late stage financing. Making selections from its list of preferred vendors, the company helps assemble the project team and writes checks directly to each vendor, “a step that can be vital in accelerating the development process.”
The company says that its proactive approach to underwriting and closing enables funds to be advanced in as little as 30 days, and its competitive capital structure lowers the cost of money, “adding more profit to the developer’s bottom line.”
“Our goal at CenterPoint is to aid the developer through every step of the process,” says Steve Zadrick, the company’s CEO. “Our preferred vendor roster takes the guesswork out of building a project team and affords access to some of the best in the business. Cutting checks direct to vendors allows developers to speed up progress and focus on what should be their top priority — creating the highest quality community possible.”
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