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Cary Street Partners Announces the Sale of Silver Construction Capital, LLC
December 30, 2005 - Cary Street Partners LLC served as the exclusive financial advisor for Silver Construction Capital, LLC, a specialty real estate finance company, and Silver Title Company, LLC, their affiliated title insurance agency, based in Fredericksburg, Virginia. in connection with its sale to Marquette Financial Companies, through its Phoenix-based subsidiary Meridian Bank, NA. Terms of the deal were not disclosed
Silver, based in Fredericksburg, Virginia, provides construction and construction-related loans to independent homebuilders. To date, Silver has served approximately 250 builders with 2,000 loans outstanding totaling $266.9 million. Silver operates out of three Virginia offices, including Fredericksburg, Richmond and Winchester. Marquette Financial plans to invest capital to allow the business to expand into additional markets.
Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.
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