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Group focuses on multi-family financing throughout city.


David Eyzenberg, president and founder, launched Prodigious Capital Group LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
 in late summer 2005. PCG PCG

phonocardiogram.
 is a multi-faceted New York-based real estate merchant/investment banking firm providing capital and financial advisory services advisory services

advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal
 to select clients through its subsidiary companies.

The company was created to focus exclusively on multi-family projects in the New York New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 and the Outer Boroughs.

PCG has three subsidiaries that conduct business in various sectors of the multifamily industry. Prodigious Capital Advisors, LLC focuses on raising highly structured development capital for residential projects. It also offers private mergers and acquisitions and capital formation advisory for property owners seeking to enter into joint ventures with real estate developers.

Prodigious Capital Partners, LLC provides successful residential developers and acquirers with up to half of the general partner co-investment capital required by third party equity investors.

Prodigious Capital Funding, LLC is a direct lender that supplies structured bridge financing Bridge Financing

A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations.

Notes:
These funds are usually supplied by the investment bank underwriting the new issue.
 of up to $7 million for acquirers and owners of real estate.

PCG offers a full range of financial and transactional services to owners of existing developments or to be developed properties, including arranging, structuring and completing equity and debt financing Debt Financing

When a firm raises money for working capital or capital expenditures by selling bonds, bills, or notes to individual and/or institutional investors. In return for lending the money, the individuals or institutions become creditors and receive a promise to repay
. Company principals have held positions at such marquee firms as Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  & Co., Greenstreet Partners and Ramius Capital Group.

"One of our points of differentiation is our practice of co-investing capital into every project that we take on, this reinforces our operating philosophy of ensuring that the interests of our investors and clients are completely aligned with our own," said Eyzenberg.

PCG has a number of financing transactions in the pipeline. Prodigious Capital Advisors was exclusively engaged recently to capitalize in excess of $300 million in residential development projects in the New York area.

Additionally, Prodigious Capital Partners has funded a nonrefundable deposit and committed to providing more than 90 percent of the General Partner equity for a planned 140,000-square-foot luxury condominium development in Manhattan's TriBeCa district.
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Title Annotation:Banking & Finance; Prodigious Capital Group LLC
Publication:Real Estate Weekly
Geographic Code:1USA
Date:Jan 11, 2006
Words:317
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