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GCP Fund’s Joe Malvasio Creates History in North Carolina – Closes Multimillion-Dollar Deal

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New York, NY, December 18, 2021 –(PR.com)– The senior partner and president of Global Capital Partners, Joe Malvasio, recently approved a $16.8 million loan on a development site for building homes located in North Carolina. The decision comes after North Carolina was declared one of the top ten states to buy and sell real estate in 2021.

The deal comes as a relief for investors struggling to acquire commercial real estate loans due to the ongoing pandemic. Although Malvasio has closed larger loans in the past, approving a multimillion-dollar loan soon after the restrictions lifted sets a precedent in the private lending industry.

“We certainly see this as a positive sign,” confirmed a real estate lender. “Everyone, from lenders to investors, is still walking on eggshells due to the absolute havoc the pandemic wrought on commercial real estate. Having an experienced lender like Joe come forward with a loan this big is a…

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