Bend, Oregon, March 13, 2009 – Gibraltar Capital Partners LLC has adopted a new name – Arctus Capital – effective immediately. Based in Bend, Oregon, Arctus Capital LLC is dedicated to helping borrowers nationwide with their short-term capital needs with a focus on the funding of real estate projects. Established with the key mission of providing bridge loans on an expedited basis to help client’s reposition real estate assets for conventional financing in a timely manner, the firm has funded more than $40 million in bridge loans in the past 12 months.
According to Gregory J. Stuman, Principal and Fund Manager of Arctus, “We are adopting a new name that we believe better reflects the important role that we play in being able to very rapidly provide short-term liquidity in this illiquid marketplace. We are a highly specialized and responsive lending resource for seasoned real estate developers and established financial organizations needing significant short-term capital immediately. We take pride in the fact that the management team of Arctus has accrued over 40 years of experience in real estate lending, law and equities and has funded a combined total of more than $500,000,000 of real estate transactions during their respective careers. The extensive experience of our Principals allows our due diligence process to be concluded typically in as little as two weeks, and our funding of projects in as little as three weeks from application. This rapid turnaround allows our clients to begin repositioning their real estate assets in a quick and efficient manner, assisting them in qualifying for conventional exit financing sooner. Ultimately, our services are designed to permit them to take advantage of new, unique market opportunities – quickly and successfully acquiring distressed real estate assets at significant discounts.”