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FAVO Capital Acquires 1818 Park in $190 Million Transaction, Expands Platform into Income-Producing Real Estate
Globenewswireยท 2025-08-13 12:00
Core Insights - FAVO Capital, Inc. has completed a $190 million all-stock acquisition of 1818 Park, a Class-A mixed-use property in downtown Hollywood, Florida, marking a significant step in its diversification strategy [1][3][4] Group 1: Acquisition Details - The acquisition includes the assumption of liabilities and adds stabilized, income-generating real estate to FAVO's long-term portfolio [1][4] - 1818 Park features residential, office, and retail components, with high occupancy and long-term lease agreements, providing durable cash flow [2][5] Group 2: Strategic Implications - The current owners of 1818 Park will become long-term equity partners in FAVO, ensuring operational continuity and aligning stakeholder incentives [3][4] - This acquisition is intended to strengthen FAVO's balance sheet and broaden the collateral base for its private credit business, allowing for larger financing lines and expanded lending capacity [4][6] Group 3: Company Overview - FAVO Capital provides alternative revenue-based funding solutions to small and medium-sized businesses across the U.S. and has supported over 10,000 businesses since its inception [6] - The company is headquartered in Fort Lauderdale, FL, with operations in New York and the Dominican Republic, focusing on financial transparency and sustainable growth [6]