Alternative Lender - Firm Capital Corporation Focusing on Multi-Residential Gap-Financing Solutions - 35 Years Providing Capital That is in Short Supply Today as a Result of the Lack of Bank Financing & Market Liquidity

TORONTO, Feb. 03, 2023 (GLOBE NEWSWIRE) -- As interest rates rise and banks pull back on lending, real estate owners with loans coming due find themselves in a bind, as the refinancing loan amounts are not sufficient to pay out the full maturing debt. Last year’s dramatic rate hikes — the steepest in a single year since the 1980’s, means that some owners are being forced to inject more capital into their projects post refinancing, rather than taking money out or even covering the maturing debt.

Read more at globenewswire.com