Lender: Stark Capital Solutions
Contact: Craig Berry
Address: 5829 N. Post Rd, Indianapolis, IN. 46216
Email: cberry@starkcapitalsolutions.com
Phone: 317-546-6038
Stark Capital makes secured loans to out of home advertising companies. Chris Stark is the firm’s founder and President. Craig Berry is Vice President
Talk about Stark Capital’s history in out of home finance
Stark Capital and its management team have been financing out of home companies for over two decades. In that time we have closed over 400 transactions. The out of home industry is our primary fucus, representing over 90% of our transactions.
What transactions are you seeking?
We are actively seeking transactions for new site development, acquisitions, refinances, digital conversions, and easement purchases. Ideal loan sizes range from $250,000-$5,000,000.
What are typical lending terms.
Acquisitions & Refinances:
Typical Interest Rate= 6-7%
Term= 9 Years
Amortization= 10 Years
New Site Development:
Typical Interest Rate= 9-10%
Term= 3 Years
Amortization= 10 Years
Interest-Only Period= 12-Months*
*After the 12-mo interest only period we are typically refinancing balances into the cheaper cost
What trends are you seeing in the sign markets right now?
We have seen a major shift over the past 5 years in new digital development and conversions. Although operators are still developing sites by right, many of our clients have found success by way of litigating against certain sign ordinances, or forming partnerships with municipalities in order to develop sites on city-owned property.
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These guys are the best. Knowledgeable, hardworking, trustworthy and fun to work with. And the best thing is they always have your back!!!