Listed FinTech Lender Expands Lending Portfolio with Focus on Real Estate Development
ORLANDO, Fla., Jan. 13, 2022 (GLOBE NEWSWIRE) — Legion Capital Corporation (OTCQB:LGCP), a fintech private equity lender serving small and medium-sized businesses and real estate developers, today announced plans to expand its portfolio loans with the launch of the Legion funding platform, which allows real estate owners and developers across the United States to submit potential deals online.
Legion has steadily grown its direct lending portfolio since launching the product in December 2015, focusing on early-stage housing and real estate development finance in the growing Central Florida region. The company is now looking to expand into select markets nationwide with the launch of the new platform.
“Our unique approach to specialty lending, particularly for start-up real estate developers, sets us apart from our competitors,” said Paul Carrazzone, President of Legion Capital. “By providing essential start-up capital combined with a basket of services and other key resources, we are addressing a need that has not been met by commercial banks and traditional lenders.” Carrazzone added, “Legion is now looking to capitalize on the success we have had in Central Florida by expanding our footprint in other key markets nationwide.”
Legion recently announced the sale of its $40 million qualified offer to the SEC and amended and increased the offer to $75 million, as approved by the SEC on January 7and, 2022.
“We are excited to expand our loan portfolio and open loan processing online as well as nationally,” said Treanna Scholer, head of loan operations. “We look forward to helping real estate developers advance their mission by leveraging our fintech technology coupled with highly tactile relationship management.”
To facilitate portfolio expansion, Legion Capital now processes loan applications online at www.LegionFunding.net.
About Legion Capital
Legion Capital (OTCQB: LGCP) is a fintech-enabled, publicly traded, specialty commercial lender that provides growth capital to small and medium-sized businesses. Legion provides bridge financing, acquisition financing, development and growth capital in a highly personalized and fast-paced way, catering to a large and growing small business lending segment that is underserved by banks and institutions. .
Legion Capital serves our investors and financial advisors through a range of diversified equity and debt investment products, many of which offer attractive yields, non-correlation to traditional financial markets and liquidity dates defined. For more information, please visit www.LegionCapital.com.
Certain statements we make in this news article may constitute forward-looking statements under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include information regarding future strategic objectives, business prospects, expected cost savings, financial results (including expenses, earnings, liquidity, cash flow and capital expenditures), industry or market conditions, demand and price for our products, acquisitions and divestitures, anticipated litigation results and regulatory developments or general economic conditions. Also, words such as believe, expect, anticipate, intend, plan, estimate, project, foresee and future or conditional verbs such as will, may, might, should and would, as well as any other statement that necessarily depends on future events, are intended to identify forward-looking statements. Forward-looking statements are not guarantees and involve risks, uncertainties and assumptions. Although we make these statements based on assumptions that we believe are reasonable, there can be no assurance that actual results will not differ materially from those expressed in the forward-looking statements. We caution investors not to place undue reliance on forward-looking statements and urge you to carefully consider the risks described in the offering documents associated with this information. We expressly disclaim any obligation to update any forward-looking statement if it later proves to be inaccurate, whether as a result of new information, future events or otherwise. Legion is a private lender and not a member of FINRA or FDIC.
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