$545m deal gives lender more muscle in multi-family market.

One of the nation's leading sources of boutique financing for luxury multifamily developers of all sizes, including new construction and condo-conversions, Centerpoint CS, has just finalized $545 million in debt and equity investments.

This capital will be used to fund the growth of Centerpoint CS and its real estate developer clients.

"These investments give Centerpoint CS significant working capital and a credit facility to potentially grow to a billion dollar real estate company in the next five years," said Stephen Zadrick, CEO and founding partner of Centerpoint CS.

"Though the Centerpoint CS model was created for down markets it has thrived in the current up-cycle and will continue to do so. We have confidence that we are building a company for all seasons."

The investments were led by Mirabilis Ventures, Inc., a rapidly growing private equity fund that uses its extensive network of top quality human capital to strategically invest in companies that have synergy with each of Mirabilis' acquisitions and investments.

Centerpoint, LLC, a Florida company, holds the balance of the ownership in Centerpoint CS. Prior to closing of this $545 million debt and equity transaction, the Centerpoint CS valuation was firmly established at $60 million.

"The Centerpoint CS and Mirabilis business models were cut from the same cloth," said George Stuart, Sr. Vice President with Mirabilis Ventures, a Centerpoint CS board member and a three-time former Florida State Senator.

"The Mirabilis commitment to Centerpoint CS is significant. We believe that Mirabilis and Centerpoint CS will create a positive change in the real estate development industry."

Centerpoint CS offers a hybrid of preferred equity and mezzanine investment from $2 million to $50 million through its Project Driven Financing. Centerpoint CS finances under a unique "Our Money, Our Vendors: Our Goal, Your Project's Success" policy. When obtaining funds for sales, marketing, construction or any of the countless tasks involved in launching and building a new multi-family or master planned community, developers select from an extensive list of Preferred Vendors, some of the top entities in their respective fields.

Centerpoint CS then cuts a check directly to each vendor, which plays a large role in speeding up the process of lowering the developer's senior lender equity requirement and initiating critical early marketing and sales directives.