02/05/2013 (press release: figllc) // ATLANTA, GA // [email protected]
FEATHERSTONE INVESTMENT GROUP LLC (FIG) announced today that it has signed a Special Private Placement Agreement (SPPA) for USD ($75,000,000.00) of equity line funding with Lambert Private Equity LLC (LAMBERT).
FEATHERSTONE INVESTMENT GROUP’s plan in the use of these funds is to originate, purchase, securitize and expand service for REO-to-rental properties.
The funding structure is a 3 year facility. Lambert funds public companies with market capitalizations under $1 billion, as well as private companies that will be listed on a securities exchange within one year of a funding commitment. Lambert will invest in all sectors including infrastructure, manufacturing, construction, mining, communications, healthcare, energy and finance.
FEATHERSTONE INVESTMENT GROUP’s VICE CHAIRMAN, Mr. James Larkin:
“This funding agreement with LAMBERT will be instrumental in the expansion of our REO-to-Rent securitization platform. FEATHERSTONE INVESTMENT GROUP will be listed/public within the next 3-4 weeks. FEATHERSTONE INVESTMENT GROUP is excited to partner with Lambert Private Equity as we move forward with our REO-to-Rental securitization platform.”
FEATHERSTONE INVESTMENT GROUP (FIG) is organized as an originator, purchaser, securitizer and servicer for a new asset class of REO-to-rental properties. Currently, FeatherStone Investment Group has 2 to 3 years of season portfolios with over 1200 rented homes. The rental homes values are $120 million with cash-flows annually of $12 million for the first securitization.
Since June 2012, FeatherStone Investment Group has been preparing to engineer deals backed by the rental payments of residents living in previously foreclosed homes.
FeatherStone Investment Group is capitalizing on this new investment opportunity by packaging thousands of these rental payments into securities as a sponsor and servicer for banks, institutional and private investors. For more information, visit www.featherstone-ig.com
About Lambert Private Equity LLC
Lambert Private Equity LLC invests though its unique equity and equity-linked structures in publicly traded companies around the globe.
Lambert Private Equity LLC generally looks to invest amounts from $10 million up to $500 million directly into listed companies for a variety of activities including working capital, accretive EBITDA acquisitions and other growth opportunities.
We focus on equity investments in public companies as well as private companies that will be listed on a securities exchange within six months of a funding commitment.
Lambert Private Equity LLC has no outside investors and is considered a private group run by its principals, similar to a merchant bank that invests its own capital and as such it is seeking capital appreciation through the identification and funding of growth companies.
Lambert Private Equity LLC is not an underwriter and the funding it provides is based on specific terms and conditions, including the price and volume of the company’s shares once the company is publicly listed. Lambert Private Equity LLC does not provide volume, liquidity, investor relations or public relations services. www.lambertfunds.com
Forward Looking Statements
The information in this press release contains “forward-looking statements” and is inherently susceptible to uncertainty and changes in circumstances. These statements can be identified by the fact that they do not relate strictly to historical or current facts. Forward-looking statements often include words such as “anticipates,” “estimates,” “expects,” “intends,” “objective”, “believes” and words and terms of similar substance in connection with discussions of future operating or financial performance. The Company’s forward-looking statements are based on management’s current expectations and assumptions regarding the Company’s business and performance, the economy and other future conditions and forecasts of future events, circumstances and results. The Company’s actual results may vary materially from those expressed or implied in its forward-looking statements. Important factors that could cause the Company’s actual results to differ materially from those in its forward-looking statements include government regulation, economic, strategic, political and social conditions and other associated factors.