RICHMOND, Va. -- John B. Levy & Co. is accustomed to helping line up debt and equity for real estate deals and occasionally making its own acquisitions. Now, in its latest engagement, it’s taken on a slightly different role as it relates to funding deals.
The Innsbrook-based company said it was recently tapped to be the steward of a $50 million pool of outside capital that’s to be put entirely into commercial real estate transactions.
The eight-figure allocation comes from an unidentified “Fortune 500 insurance company, with whom JBLco has closed on numerous transactions in the past few years,” the company said.
Continue reading this story on Richmond BizSense.
EAT IT, VIRGINIA restaurant news and interviews