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Time Equities, Inc. Closes On A $35,000,000 Construction Loan For Phase Ii Of Its "Villas At Suncrest" Residential Community In Panama City Beach, Fl

PRIVATENov 23, 2022

Amount Raised

$35 Million

Round Type

Debt Financing

New YorkEnergy

Description

International real estate Time Equities, Inc. (TEI) announced that it has closed on a $35,000,000 construction loan for the development of Phase II at Villas at Suncrest. The construction financing was provided by M&T Bank Corporation.

Quick answer

Time Equities raised $35 Million in a Debt Financing round, dated November 23, 2022. Time Equities is based in New York, United States.

How much did Time Equities raise?
Time Equities raised $35 Million in a Debt Financing round on November 23, 2022.
What does Time Equities do?
Founded in 1966, Time Equities, Inc. ("TEI") is a diversified investment, development, asset and property management, and alternative energy company that has been in business for more than 55 years.
Where is Time Equities based and how big is it?
Time Equities is based in New York, United States.

Source: Fundz verified event record.

Who else raised in Energy around the same time

Companies in the same sectors as Time Equities that raised within 45 days of this round, from Fundz verified event records.

  • Lithos Energy raised an undisclosed amount on January 6, 2023.
  • Photon Vault raised $300K (Seed) on January 5, 2023.
  • Sunrun Inc. raised $835M (Funding Round) on January 5, 2023.
  • Caban raised $51M (Series B) on January 4, 2023.
  • Trinity Gas Storage raised an undisclosed amount on January 4, 2023.
  • Lumotive raised an undisclosed amount on January 3, 2023.

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Company Information

Company

Time Equities

Location

New York, United States

About

Founded in 1966, Time Equities, Inc. ("TEI") is a diversified investment, development, asset and property management, and alternative energy company that has been in business for more than 55 years. TEI currently holds in its own portfolio approximately 38.7 million square feet of residential, industrial, office and retail property including about 5,500 multi-family apartment units, approximately 1.5 million square feet in pending acquisitions, and 1 million square feet of various property types in stages of pre-development and development. With 332 properties across 35 states, five Canadian provinces, Anguilla, England, Germany, Italy, the Netherlands, and Scotland, the TEI portfolio benefits from a diversity of asset types including non-performing loans, B-notes, and alternative energy investments. TEI has a variety of market concentrations in the Northeast, Southeast, Midwest and West Coast of the U.S., and new markets around the world are always being evaluated.

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