Published:
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
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