Partners Capital Solutions Inc. Increases to $27 Million Its Programmatic, Build-to-Suit Financing Commitment to Dynamic Development Company, LLC to Develop New Stores for National Chain Retailers Partners Capital Solutions Inc. has increased to $27,000,000 its programmatic, Build-to-Suit financing commitment to Dynamic Development Company, LLC to build new stores for national chain retailers.
CALABASAS, Calif., Feb. 6, 2014 /PRNewswire/ -- Partners Capital Solutions, Inc. (http://www.PartnersCapitalSolutions.com) today announced it has increased to $27 million it's programmatic, Build-to-Suit financing commitment to Dynamic Development Company, LLC. Over the past 18 months Dynamic Development has developed 12 stores in California and Nevada for national chain retailer clients, including Dollar General and 7-11, under this programmatic financing relationship. Most have been triple net, ground-up stores financed with both debt and equity capital from PCS.
"Our clients are expanding rapidly. We knew we could develop as fast as they wanted, but lenders can be unpredictable so trying to finance unit by unit could have derailed the deal," said David Lich, Chief Financial Officer of Dynamic Development. "We needed to find the right capital provider, and we did. PCS's program lets us move at our fast pace, confidently."
Mr. Lich continued, "with PCS, great service is the rule. They know our business as well as we do, and maybe better in some situations, so more than a lender they're a resource. We're not re-creating the wheel with each transaction, so we can put new deals together in days instead of months. In our niche, being able to move quickly gives us a real advantage. And when we're in a rush, PCS will move mountains to put it together on the schedule we need."
According to Michael Klein, Managing Director and Chief Operating Officer of PCS, "when Dynamic Development came to us they had an opportunity to build out multiple units if they could meet the retailers' aggressive schedules. We looked at their needs and developed a program that gives them certainty of execution on the financing, and frees them up to focus on meeting their customers' needs for a quick roll out of multiple locations. PCS was able to fund 5 locations in just 7 weeks, with the quickest going from leased to a closed deal in just 5 business days."
About Partners Capital Solutions, Inc:
Partners Capital Solutions (http://www.PartnersCapitalSolutions.com), a private portfolio capital provider, creates sophisticated, structured financing solutions for real estate professionals with commercial and residential deals from $2.5 million to $10 million in the Western United States. PCS has invested over $350 million to date and seeks opportunities to finance experienced investors and developers looking for fast and reliable capital.
About Dynamic Development Company, LLC:
Dynamic Development Company (http://www.DynamicDevCo.com) is a full-service real estate development firm dedicated to managing the entire development process from concept through completion. Dynamic Development specializes in the development and construction of custom-built commercial projects from general retail to land development. Established in 1995, the company brings many years of experience, expertise and excellence in the field to every project it undertakes. With a combined total of over 100 years of construction and development experience, its team members incorporate creativity, talent and proficiency into all phases of each project. Dynamic Development's expertise in evaluating concepts and implementing ideas allows for expert execution from initial design steps through timely completion.
SOURCE Partners Capital Solutions, Inc.