CIG Capital Continues Funding During COVID-19 Crisis
Alternative investment firm funds several new projects in the hospitality and medical industries
LOS ANGELES, April 7, 2020 /PRNewswire/ -- CIG Capital (CIG CAP), an alternative investment firm, announces new lending projects amidst the COVID-19 pandemic. CIG Capital just recently provided project funding to companies in several industries such as hospitality, recreation and entertainment, medical, biodiesel, waste to energy, multifamily housing, aviation and water supply. Glimpse Aviation is taking the first draw of $60 million and securing their position on their purchase of the aircraft order for Glimpse for over $1.1 billion, even when the factories are shutting down. This project finance and investment firm has put out over $2.7 billion in Term Sheets from project funding requests in the last two weeks and is anticipating more to come.
We are proud to continue our lending services and long-term support to a diverse range of industries during this crisis," said Charles D. Carey, Managing Partner of CIG Capital. "While few lenders are continuing funding during these volatile financial times, are team is working hard and know that's a matter of time before the market will rebound. We look forward to a bright future for all of our newly funded projects. CIG Capital has continued to fund and just provided the needed draw for the $90.5 million funding for the Sheraton Hotel in Atlanta, GA, when other lenders have stopped funding. "We're not afraid of what the news or skeptics say, we're funding some of the best companies in the United States and we underwrite not only today but what we believe the future will be", say's CIG Capital's Underwriting Director, Josh Leu.
The Global Covid 19 Crisis has caused more people to be out of work. The Forecasting firm Oxford Economics predicts a 16% unemployment rate with a loss of 27.9M jobs; more than triple the 8.7M jobs lost during the 2008 recession. We have not seen this type of numbers since 1940. It will be important that work is ready after we tackle this pandemic.
Founded in 2011, CIG Capital is made up of a group of partners that provide 100% project funding. CIG Capital's unconventional approach simplifies the process and gives borrowers an entire capital stack in one place. When funding a project completely, companies don't have to deal with several contracts that have their own different conditions and processes.
CIG Capital also provides services for project management, risk management, economic growth management and financial consulting services. Some of the project management services include professional on-site management, cost estimating and value analysis, effective communication, phasing alternatives and milestones, constructability reviews, general conditions and contract requirements and more.
CIG Capital is invested in the growth of their projects and provide services to research and analyze sector and market trends, prospects and opportunities, the makeup of industry participants and drivers of future growth and investment. They also help to develop a full potential of growth clusters to innovate, create new products, penetrate markets and engage in international trade.
CIG Capital is an alternative investment firm that possesses a unique model with a complete diverse portfolio. CIG Capital's portfolio consists of different dynamics such as, Health Care Insurance, Alternative Lending, High Risk Industries, Venture Capital, FinTech, Technology, Bio Medical, Software, infrastructure, oil and gas and real estate projects. CIG is focused on providing funding for projects that need more creativity and a custom approach. Please visit http://www.cigcap.com/ for more information.
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SOURCE CIG Capital
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