At this week’s International Builders’ Show in Orlando, Fla., CenterPoint (Booth S11800), a real estate investment company based in Miami, Fla., will feature unique and customized boutique financing programs to help developers save on the cost of their money and enable them to respond quickly to opportunities in the marketplace.
CenterPoint’s Projects-Driven Financing™ program assists developers in early-stage mezzanine, partial construction and late-state inventory financial. Through its policy of “Our Money, Our Vendors: Your Project’s Success,” which includes partnerships with some of the top vendors in the country, CenterPoint writes checks directly to the vendor to accelerate the development process and decrease the cost of money.
CenterPoint has played a vital role in the development of Las Vegas Central, two 40-story towers comprised of 1,000 condominium residences and 100,000 square feet of retail space. The developer, Langson Development, has been able to receive much-needed early-stage services prior to the project’s entitlement thanks to CenterPoint’s agreement to invest $14.5 million in the project.
“Our dealings with CenterPoint on Las Vegas Central have been more like a partnership than any vendor/client relationship,” said Bruce Langson, president of Langson Development. “The quality of the executives and personnel we have worked with at CenterPoint has been exceptionally high, and they’ve demonstrated a real eagerness to accompany us as we proceed on this journey together.”
“CenterPoint makes it easy for our builders to get into the ‘Adver-testing’ stage of our Priority Preview marketing process,” said Stan Kates, president of the Toronto-based Kates Marketing Group, the marketing company for Las Vegas Central.
“This important early stage removes a lot of the risk in developing and marketing condominiums,” he said. “We actually test concepts and develop a huge database of serious potential buyers. Because CenterPoint finances much of this early activity, builders are more comfortable with the premarketing and presales programs that we ultimately develop. The CenterPoint connection is so effective that we are recommending it to most of our builder contacts.”
For more information about CenterPoint, click here.
CenterPoint is a member of the National Council of the Housing Industry — The Supplier 100 of NAHB.
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