ATLANTA--(BUSINESS WIRE)--Bay Point Advisors, LLC has funded four real estate acquisitions in a $25 million line of credit to Madison Capital Group Holdings, LLC, a Charlotte, NC-based private equity investment and development firm.
The first three acquisitions were former Sears located in Melbourne, FL, Savannah, GA, and Boise, ID. Plans call for conversions to self-storage and multi-family, as well as development of retail outparcels. The fourth deal was a former Hobby Lobby in Baton Rouge, LA that will be converted to self-storage.
“We are excited to be able to provide a credit facility to Madison Capital to enable them to pursue attractive redevelopment opportunities in this strong real estate market,” said Bay Point President, Charles Andros.
About Bay Point Advisors
Established in 2012, Bay Point Advisors LLC is a privately held firm based in Atlanta, Georgia specializing in customized, secured lending solutions across real estate and other industries, including entertainment, aviation, and natural resources. Since its inception, Bay Point Advisors has originated over $500 million of privately negotiated loans. For more information, please visit www.bay-pointadvisors.com.