Sal Pappalardo of Twin Capital Partners arranges another time sensitive note purchase/bridge transaction for 5 rehabilitative aquatic centers

COLTS NECK, NJ (May 28, 2014) – Twin Capital Partners arranged a $3.8 million bridge loan to fund five aquatic rehab centers that required the expertise of Twin Capital to negotiate a time sensitive repositioning of debt that was significantly discounted by approximately $3 million of savings to the borrowers.

This transaction was negotiated by Twin Capital Partners CEO, Salvatore Pappalardo who is based in the company’s Colts Neck headquarters.

The five centers are located in Bergen and Passaic Counties of New Jersey. The borrowers will use the loan to fund the redevelopment of the centers, complete renovations and refinance the existing debt.

“Twin Capital enjoys tackling complex and time sensitive transactions like these,” said Pappalardo. “Our 30+ years expertise in the market, combined with the flexibility of our bridge lending programs and highly successful proven track record of bank negotiation allows us to effectively arrange financing for our clients. With this additional financing in place, our client will be able to carry out the long-term vision and maximize the properties overall values.”

“After multiple medical catastrophes, we found ourselves falling further and further behind in maintaining our multiple real estate business. Banks were no longer lending to small business, the poor economy, the harsh winter, and access to investment real estate capital was non-existent. We have been dealing with multiple lenders over the past two years who promised financing, took the deposits and never delivered. Sal from Twin Capital, who came highly recommended from a previous lender, worked quickly and efficiently and worked with us to secure financing in less than three months. The speed, efficiency, diligence and support from Sal ensured that our businesses and the investments we made to secure our retirement were safe and secure for our future.” said Frank and Pam Muscara from Eastford, LLC and Frank Muscara & Son, Inc.

About Twin Capital Partners :

Twin Capital Partners is a boutique private firm that has been delivering the most creative financing strategies to meet its client needs since inception. TCC specializes in debt and equity based real estate financing including construction loans, bridge loans, mezzanine loans, preferred equity and joint-venture equity. Since inception, Twin Capital has originated or participated in transactions totaling in excess of $500 million.

For further information, please visit www.twincapitalPartners.com.

For further information:

Twin Capital Partners / 732.780.6633 / Sal@TwinCapitalPartners.com

Twin Capital Media Contact:
Allison Maribo / 732.780.6633
Sal@TwinCapitalPartners.com