{"id":114826,"date":"2021-05-24T14:30:00","date_gmt":"2021-05-24T14:30:00","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2873406"},"modified":"2021-05-24T14:30:00","modified_gmt":"2021-05-24T14:30:00","slug":"access-private-capital-partners-with-primis-bank-on-a-25-million-dollar-warehouse-facility","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2021\/05\/24\/access-private-capital-partners-with-primis-bank-on-a-25-million-dollar-warehouse-facility\/","title":{"rendered":"Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility"},"content":{"rendered":"

\"\"<\/p>\n

Access Private Capital today announced an agreement with Primis Bank of Glen Allen, Virginia for a 25-million-dollar warehouse facility.\u00a0 The facility will be used to assist Access Private Capital\u2019s lending unit, APC Lending, in funding a loan portfolio dedicated to the SBA 504 1st mortgage loans.<\/p>\n

\u201cAccess Private Capital brought us a unique strategy that aligned well with both our business and civic objectives,\u201d said Stephen Weber, Executive Vice President and Chief Strategy Officer of Primis Bank. \u201cWe\u2019re looking forward to this partnership and what we\u2019ll be able to achieve together.\u201d<\/p>\n

\u201cThis partnership allows us to play a meaningful role in getting the small business economy back on its feet,\u201d added Tony Palazzo, Managing Director of Access Private Capital. \u201cPrimis Bank understood our vision from the beginning given their passion for small businesses and the role they play in supporting their communities. We\u2019re excited about the expanded capabilities our partnership provides in offering investment opportunities that will help more small businesses open their doors and put more people back to work.\u201d<\/p>\n

ACP Lending, an SBA-approved, third-party lender will work with Certified Development Companies (CDCs – designated lending agent acting on behalf of the SBA) across the nation in an effort to fund and securitize a portfolio of up to $50 million in SBA 504 1st mortgage loans over the next 12 months.<\/p>\n

ABOUT ACCESS PRIVATE CAPITAL<\/strong>
\nAccess Private Capital is the private equity arm of Berkeley Capital Partners, a Registered Investment Advisory firm headquartered in Atlanta, Georgia with more than $600 million1 <\/sup>in assets under management. Currently, Access Private Capital oversees nearly $100 million in private equity investments, including debt, real estate and commercial banking.<\/p>\n

Tags: AccessPrivateCapital<\/a>, investmentopportunties<\/a>, 25millionwarehousefacility<\/a>, primisbank<\/a>, APClending<\/a>, partnership<\/a> <\/p>\n

See Campaign: <\/strong>https:\/\/accessprivatecap.com\/<\/a>
Contact Information:<\/b>
Jeff Pierce Jeff.pierce@berkeleycp.com<\/a> 678.690.8712<\/p>\n

Tags:<\/b>
<\/a>, ReleaseLive<\/a>, Google News<\/a>, Financial Content<\/a>, Reportedtimes<\/a>, IPS<\/a>, Menafn<\/a>, Extended Distribution<\/a>, iCN Internal Distribution<\/a>, English<\/a><\/p>\n

\"image\"<\/div>\n

\n

Contact Information:<\/h3>\n

Jeff Pierce
Jeff.pierce@berkeleycp.com<\/a>
678.690.8712<\/p>\n<\/p>\n<\/div>\n

The post Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Access Private Capital today announced an agreement with Primis Bank of Glen Allen, Virginia for a 25-million-dollar warehouse facility.  The facility will be used to assist Access Private Capital’s lending unit, APC Lending, in funding a loan portfolio dedicated to the SBA 504 1st mortgage loans. “Access Private Capital brought us a unique strategy that […]<\/p>\n

The post Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility<\/a> appeared first on Financial Market Brief<\/a>.<\/p>\n

Continue Reading →<\/span><\/a><\/p>\n","protected":false},"author":291,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-114826","post","type-post","status-publish","format-standard","hentry","category-press-release"],"yoast_head":"\nAccess Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility - Business<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/ipsnews.net\/business\/2021\/05\/24\/access-private-capital-partners-with-primis-bank-on-a-25-million-dollar-warehouse-facility\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility - Business\" \/>\n<meta property=\"og:description\" content=\"Access Private Capital today announced an agreement with Primis Bank of Glen Allen, Virginia for a 25-million-dollar warehouse facility.  The facility will be used to assist Access Private Capital’s lending unit, APC Lending, in funding a loan portfolio dedicated to the SBA 504 1st mortgage loans. “Access Private Capital brought us a unique strategy that […] The post Access Private Capital partners with Primis Bank on a 25-million-dollar warehouse facility appeared first on Financial Market Brief. 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