Victory Park Capital, an alternative investment firm specializing in private credit, closed a $100 million credit facility for Sétanta Development Capital, a Charlotte, NC-based residential real estate financing provider. The transaction will support Sétanta’s acquisition and development financing for residential land developers.
“We are excited to be partnering with Victory Park Capital,” John Curry, CEO of Sétanta, said. “This financing will support our efforts to provide developer-friendly capital and, in the process, support the growth of the U.S. housing market.”
“Sétanta is filling an unmet need in the industry,” Connell Hasten, a partner at Victory Park Capital, said. “There is a shortage of capital available to developers, and we believe strongly in Sétanta’s mission to provide accessible acquisition and development financing.”
“Sétanta has an experienced management team, longstanding developer relationships and a robust underwriting process,” Joshua Platek, principal at Victory Park Capital, said. “We look forward to supporting the team at Sétanta as they continue fulfilling the unmet capital needs of developers in high-growth markets across the United States.”
