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Wrightwood Capital Completes $55 Million Capital Raise


CHICAGO, March 6 /PRNewswire/ -- Wrightwood Capital, a real estate finance and investment firm, today announced the completion of a $55 million capital raise.

"A capital raise was part of our 2007 business plan but, we hadn't anticipated the turmoil in the capital markets," commented Bruce R. Cohen, Chief Executive Officer. "Our ability to raise capital in this environment is a testament to the confidence our investors have in the institutional platform Wrightwood Capital has built and its ability to respond entrepreneurially to the opportunities arising from the market's distress."

Separately, the Wrightwood Capital Board of Manager's appointed Bruce R. Cohen as Chairman of the Board, in addition to his role as Chief Executive Officer. The Board has confidence that under Bruce's leadership, the company will further broaden its platform and continue on the path of becoming a preeminent real estate finance and investment firm.

Entrepreneurially driven and institutionally capitalized, Wrightwood Capital helps commercial real estate borrowers nationwide exploit opportunities through creative capital solutions that include bridge, construction and mezzanine loans, as well as equity and other innovative financial products. With a history of helping customers prosper through market ups and downs, Wrightwood Capital's track record includes over 450 financings to more than 200 borrowers nationwide and totals more than $4 billion. See http://www.wrightwoodcapital.com for more information.

     Contact:
     Tanya Hiebler
     Wrightwood Capital
     312.324.5943
     thiebler@wrightwoodcapital.com

SOURCE Wrightwood Capital

Tags: ,FIN,RLT,IL-Wrightwood-Capitl
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