Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm has successfully advised Sentinel-Fence & Rail on a $1 million debt restructure. The new capital was provided through the SBA (7a) loan program. In addition, Wharton Gladden helped the company to secure a $500,000 line of credit utilizing the […]
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm has closed a $4 million debt facility secured by a distressed 180-unit apartment complex in Raleigh, NC. Wharton Gladden advised the sponsor and existing financial institution, negotiated the discounted purchase offer, and secured a private equity capital partner to […]
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm has successfully closed on an $8 million debt facility to finance the acquisition of a flagged hotel in Charlotte, North Carolina.Wharton Gladden was extraordinarily successful in quickly closing the structured capital facility. “Wharton Gladden has a simple purpose and that is […]
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm has closed a $12 million debt and equity facility secured by a Harris Teeter anchored retail center in Charlotte, NC. Wharton Gladden advised the sponsor, developed a capital structure, underwrote the debt facility, and secured a private equity capital […]
Algenon Cash, managing director of investment banking group Wharton Gladden & Company, announces today the firm closed three commercial real estate transactions in the third quarter with a total of $18 million in capital placed. Wharton Gladden has continued to prove that relationships are the key to their success. “Capital markets are functioning much more […]
Algenon Cash, managing director of real estate investment banking group Wharton Gladden & Company, announces today the firm has closed the first quarter of this year with a total of $22 million in multifamily debt financed. In recent years, financing real estate has been challenging due to the market softness triggered during the “Great Recession”. […]
Statesman Court a $10 million student housing property located on Benbow Road, was granted a reprieve from bank lenders allowing the five year old apartment complex an opportunity to rebound and provide housing for A&T students in the fall. Wharton Gladden, a local real estate investment firm, was able to analyze the debt accumulated by […]
The City of Reidsville has kicked off the revitalization of downtown with the recent purchase of the 116 year old Bank of Reidsville building located on South Scales Street. Hight Real Estate Holdings, LLC is acquiring and redeveloping the building along with an adjoining structure. The project will invest $1.4 million into downtown Reidsville, according […]
