Legion Capital Announces $2.3 Million Real Estate Transaction With Marsan Real Estate Group
ORLANDO, Fla., February 12, 2018 (Newswire.com) - Legion Capital Corporation, a leading private equity firm for growing business, announced today that it has closed on a transaction to fund a $2.3 million credit facility for the development of multiple subdivisions in the Central Florida attractions area. Teaming with developer Marsan Real Estate Group, and its homebuilding division Better Built Homes of Florida, Legion will provide financing, management services, title services and other resources to the Bellaviva at Harmony, Bellaviva at Little Lake Hamilton, Holly Grove Village and Prestwick Village communities located in the tourist corridor just south of Orlando. The communities will ultimately encompass a total of 240 acres of developed residential communities including single family homes, multi-family homes, and related amenities.
Jean Marsan, President of Marsan Real Estate Group, stated “Working with Legion Capital has been phenomenal. Their team is second to none in terms of preparation, diligence and in getting the deal done. This partnership will allow us to continue to expand our footprint in Central Florida, and we are pleased to have Legion at our side as we grow and expand”.
Legion CEO James Byrd said of the transaction, “We are very excited to be working with Jean Marsan and his team. Jean is an extremely talented real estate developer with a keen eye for great properties and industry trends. We expect to create a very large and profitable residential development enterprise throughout Florida over the coming years.”
Legion will look to expand its relationship with Marsan, as a number of potential development parcels are currently under review by the parties, the plan being to develop numerous large-scale residential projects over the next 48 months.
About Legion Capital:
Legion is a private equity firm founded on the principals of direct to market capital formation under the JOBS Act and other similar laws. Combining best of breed technologies with cutting edge marketing and management resources, Legion buys and builds businesses in high growth industries. For more information, visit www.LegionCapitalCorp.com.
About Better Built Homes of Florida. Established in 1995, Marsan Real Estate Group is one of the most recognized developers and contractors in Central Florida. With over 20 years of home building in the Orlando Area, the Company has completed hundreds of homes and has multiple high-end projects currently underway.
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Source: Legion Capital Corporation