LAKE COMO, N.J.--(BUSINESS WIRE)--Four Springs Capital Trust (“FSCT” or the “Company”) announced today that it closed on a Line of Credit with Two River Community Bank, Tinton Falls, New Jersey, in the amount of $10,000,000.
“Today’s closing marks a significant milestone in our company’s growth. The flexibility, liquidity, and favorable cost of capital the facility provides will allow us to significantly increase our volume of property acquisitions within the retail, healthcare and industrial sectors of the real estate market,” said William Dioguardi, Chief Executive Officer of FSCT.
“The acquisition line of credit will be instrumental in continuing to build our acquisition pipeline and fund those properties that are currently under contract,” said Cynthia Daly, Director of Acquisitions.
Four Springs Capital Trust is a private real estate investment trust focused on establishing a diversified portfolio of properties net leased to investment grade and other creditworthy tenants under long-term leases.