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GCP Fund’s Joe Malvasio Closes Massive $16.8 Million Deal on Residential Development Site in North Carolina

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NY, NY, December 20, 2021 –(PR.com)– President of Global Capital Partners Joe Malvasio has reportedly spearheaded the acquisition of a multimillion-dollar development site in North Carolina. According to sources, the commercial asset-based lender has granted funds amounting to $16.8 million on a site for building homes.

The lender has attributed this approval to the sharp six percent increase in house prices since the pandemic started back in 2019. He’s also credited his decision to North Carolina having one of the hottest real estate markets in the country.

“Joe’s an old hand at the real estate game,” said a GCP Fund spokesperson. “He knows what’s working now and what’ll work in the future. North Carolina’s real estate market is on its way up. It’s rising, and current indicators tell us it’ll continue to rise well into the future. This would enable our client to not only pay off the acquisition loan but also…

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