Sharestates closes $100 million warehouse credit line via Ares

By Marisa Wong

Los Angeles, March 3 – Sharestates said it recently closed a new $100 million warehouse line of credit led by funds managed by the Credit Group of Ares Management Corp. to capitalize on demand from borrowers.

This additional warehouse capital complements existing credit facilities and increases the company’s overall borrowing capacity to better support its growing loan origination volume, according to a press release.

Sharestates is a Great Neck, N.Y.-based private lender focused on non-owner-occupied residential and commercial properties.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.