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Princeton Realty Expands Finance Platform

CHARLOTTE, NC-The advisory firm now offers loan restructuring and modifications.

By Carl Cronan | Updated on May 21, 2009

CHARLOTTE, NC-Locally based Princeton Realty Advisors LLC has expanded its finance and development platform to include loan restructuring and modifications for commercial property owners. The company, founded just three years ago, has clients in the Carolinas, Virginia, Georgia and Florida.

“We are responding to a need from some of our clients and the marketplace in general,” says Mark Caulton, Princeton Realty president and managing principal. “We anticipate demand for our services to grow over the next three years as we begin to see a significant increase in loan maturities from banks, insurance companies and the CMBS market.”

Caulton notes that there is no clear exit strategy for property owners whose loans are on their way to maturing, especially given ongoing contraction in the debt markets and property values declining by as much as 20% in the past two years. However, he says some lenders are willing to extend the loan term for a year or two depending on the property, sponsorship, loan structure and other factors.

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