The Blackstone Valley

Blackstone Management & Consulting arranges a $28.9 Million senior secured credit facility for Western Massachusetts Real Estate Firm

WORCESTER MA – Blackstone Management & Consulting arranged a $28.9 Million senior secured credit facility for a real estate investment firm headquartered in western Massachusetts that specializes in opportunistic multifamily residential investment and operations. The new facility serves to provide bridge financing capability as the firm acquires control positions on properties of interest.

The firm's founder, Mr. Glenn Hanson of Colony Hills Capital, said "...Blackstone was instrumental in negotiating terms that allowed us to bridge to a successful close. Further, this effort led to acquisition capital on an ongoing basis allowing us to meet our target $100 million per year of new asset purchases."

The company was formed in 2008 when the founders determined changes in commercial real estate valuations and financing would have a positive long term affect on multifamily investment opportunity. Blackstone Management & Consulting originally became involved in late 2010 when asked by the founders to provide an assessment of the company's overall strategic plan and investment strategy and to implement additional financial systems. Blackstone worked closely with the company's management to develop a clear understanding of the specific market segments and opportunities and after due consideration repositioned the company to execute larger deals accelerating its growth and profitability timetables.

The first such deal, a $31 million acquisition in Alabama was successfully closed in October 2011.

About Blackstone Management & Consulting

Since the firm's founding in 2004, Blackstone Management & Consulting, has assisted numerous companies undergoing change due to industry trends, economic cycles or specific company circumstances. We differ from traditional consulting companies by providing not only financial and operational consultation, but also experienced senior executive talent capable of assisting companies in actually executing a turnaround or new venture plan.

The firm also assists companies secure modified, or replacement debt structures to address cash flow and growth challenges and will utilize a range of financing options when a single lender may offer only a partial solution to achieving proper levels of liquidity and funding.

If you would like to know more about how Blackstone Management & Consulting can assist your business, client, or customers visit www.blackstonemgnt.com, email delisoj@blackstonemgnt.com or call 508-865-1444 and ask for Joe Deliso.

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About the Chamber

The mission of the Blackstone Valley Chamber of Commerce is to promote the economic vitality of the Blackstone Valley and meet the needs of the Chamber's business members, while providing leadership on issues which impact the economy and quality of life in the Valley. The Blackstone Valley Chamber of Commerce serves the eleven towns in the Massachusetts BV Region: Blackstone, Douglas, Grafton, Hopedale, Mendon, Millbury, Millville, Northbridge, Sutton, Upton and Uxbridge. For more information on the Chamber please contact administrator@blackstonevalley.org or call 508 234 9090 X101.