Posts Tagged ‘Discovery’
November 14, 2014 | 
Author RED Provides $ 3.85M Balance Sheet Construction Mezzanine Loan for Discovery Senior Living
Columbus, OH (PRWEB) November 11, 2014
RED Capital Partners, LLC, the proprietary debt and equity banking arm of comprehensive capital provider RED CAPITAL GROUP, LLC, recently completed a $ 3.85 million mezzanine balance sheet construction loan to an affiliate of Discovery Senior Living.
Discovery Village at Palm Beach Gardens will be a 120-unit Class A seniors housing community located in Palm Beach Gardens, FL. When complete, the community will include 30 Supervised Independent Living, 60 Assisted Living, and 30 Memory Care units.
The community will include amenities such as dining rooms, game room, club and bar, Bistro and ice cream parlor, pet park, fitness center, heated indoor therapy pool, movie theater, beauty salon, spa, barber shop, craft center, and garden area.
The facility will also host a state-of-the-art Discovery Zone Media Center with cognitive brain fitness technology.
Discovery Senior Living is an award winning, fully integrated, seniors housing development and management company based in Bonita Springs, FL. Discovery operates 14 senior living communities with over 3,500 units and is actively acquiring and developing in Texas and the southern United States.
Richard Hutchinson, President and CFO, Discovery Senior living, stated, “We are excited about continuing our long relationship with RED. Their experienced, thoughtful and creative approach to financing continues to allow Discovery Senior Living to expand its portfolio of world class communities in an efficient and effective manner.”
Kathryn Burton Gray, Senior Managing Director for RED said, “Discovery Senior Living is one of the premier owner/operators in the country. We are pleased that, once again, they chose RED as one of their capital partners.”
James Scribner, Managing Director for RED said, “We are excited to be working with the Discovery team. We have had a great, long-standing relationship with Richard and his team. For this transaction, creativity was essential – being able to work through the complexities of a mezzanine loan takes expertise and creativity. Additionally, our strong relationship with the first mortgage lender, Community & Southern Bank, was instrumental.”
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About RED CAPITAL GROUP, LLC
Recognized for its industry expertise, innovative and comprehensive structures, and consistently high rankings, RED CAPITAL GROUP, LLC has provided over $ 55.3 billion of integrated debt and equity capital since 1990 to the seniors housing and health care, multifamily, affordable, and student housing industries through three operating companies. RED Mortgage Capital, LLC is a leading Fannie Mae DUS® and MAP- and Lean-approved FHA lender with a mortgage servicing portfolio of almost $ 17 billion. RED Capital Markets, LLC (MEMBER FINRA/SIPC) is a leader in the distribution of Fannie Mae and Ginnie Mae Project MBS, and provides structuring, underwriting, placement, and advisory services for tax-exempt and taxable housing and health care bonds. RED Capital Partners, LLC provides proprietary debt and equity solutions, and asset management in a range of forms, including subordinated gap and bridge loans. RED CAPITAL GROUP, LLC is a subsidiary of ORIX USA Corporation.
About ORIX USA Corporation
ORIX USA Corporation is a diversified financial company with approximately $ 6 billion of assets in sectors spanning commercial finance, venture finance, commercial real estate and public finance, as well as $ 25 billion of assets managed for others. Operating subsidiaries include Houlihan Lokey, RED CAPITAL GROUP and Mariner Investment Group. Headquartered in Dallas, Texas, ORIX USA and its subsidiaries have more than 1,400 employees and offices in major cities including New York, Los Angeles, London and Tokyo.
ORIX USA is a wholly owned subsidiary of ORIX Corporation, a Tokyo-based, publicly owned international financial services company with operations in 35 countries worldwide. ORIX Corporation is listed on the Tokyo (8591) and New York Stock Exchanges (IX). For more information on ORIX USA, visit http://www.orix.com.
DUS® is a registered trademark of Fannie Mae
For more information on
this announcement,
please contact:
Kathryn Burton Gray
Senior Managing Director
RED Mortgage Capital, LLC
+1 949 485-3240
Kburtongray(at)redcapitalgroup(dot)com
James D. Scribner
Managing Director
RED Mortgage Capital, LLC
+1 203 332 7110
jdscribner(at)redcapitalgroup(dot)com
For more information on
RED CAPITAL GROUP, LLC
please contact:
Lisalynne Quinn
Director of Marketing
RED CAPITAL GROUP, LLC
+1 469 385 1434
llquinn(at)redcapitalgroup(dot)com
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Iris Data Services Announces Two Key Appointments to Sales Division – Leading Electronic Discovery Services Company Promotes Irvin Marchand and John Stanton
Kansas City, MO (PRWEB) April 22, 2014
Iris Data Services, a major provider of discovery solutions, is pleased to announce the promotion of Irvin Marchand and John Stanton as the new Vice Presidents of Sales. Iris Data Services is a leading supplier of discovery solutions including electronic discovery, managed litigation services and document review technologies, including kCura’s Relativity, which comprises Relativity Analytics and Relativity Assisted Review.
Irvin Marchand’s tenure and success is testament to his strong leadership skills and consistent ability to exceed client expectations. As Vice President of Sales, Marchand will focus on consulting with law firms and corporate legal departments who are exploring litigation support sourcing options in the Eastern region. John Stanton’s continuous effort to build and maintain a strong and dynamic sales team has helped Iris in several key areas. As Vice President of Sales, John is responsible for driving new business growth and managing the Iris sales team in the Western region.
“Irvin Marchand and John Stanton are incredibly talented individuals with extensive knowledge in electronic discovery and litigation technologies,” said Damon Goduto, Iris Co-Founder and Senior Vice President of Sales. “Their commitment to excellence and their experience in providing exceptional solutions to clients will further Iris’ continued success and vision.”
About Irvin Marchand
Irvin Marchand has been in litigation support sales for over 12 years and in technology solutions his entire career. Marchand joined Iris in 2008 and was the Southeast and West Coast Regional Director. Prior to joining Iris, Marchand worked for a national electronic discovery company in the Detroit market as a Sales Manager for their Michigan sales force. He also acquired valuable experience working for Unisys in their Global Network Services group as an Information Technology Sales Specialist.
About John Stanton
John Stanton has provided services to the legal industry for over 10 years and has worked for several Fortune 500 companies. He has significant experience developing cost effective strategies for large scale and complex electronic discovery engagements. Stanton also has extensive sales management experience leading teams of account executives who provide services to case teams. Stanton joined Iris in 2012 and has been the Midwest Regional Director. He has a Bachelor of Arts degree from Bentley University in Waltham, Massachusetts.
About Iris
Iris Data Services is a leading supplier of discovery solutions including electronic discovery, managed litigation services, and document review technologies. Led by recognized experts in electronic discovery and document review, Iris continually strives to defensibly reduce the amount of reviewable data on every matter. As an Orange-level Best in Service Hosting Partner and Certified Reseller of Relativity by kCura, Iris’ extensive document review expertise includes complex search consulting, computer-aided review technologies, and experienced attorney review teams. Iris’ discovery experts, project management team, and use of technology have combined to make it one of the fastest growing companies in the industry. In 2011 Iris Data Services made the Inc. 500 list of the fastest–growing private companies in America, making Iris the fastest growing eDiscovery company in the United States. Iris’ U.S. headquarters is in Kansas City and its European headquarters is in London. Iris maintains offices throughout the United States, Europe, India and China. For more information about Iris, please visit http://www.irisds.com and follow Iris on Twitter at http://twitter.com/IrisDataService.
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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.