RAFKIN LENDING FORMS FOR CRE SPEC/TURNAROUND PROJECTS

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DALLAS — Dallas-based Rafkin Lending has begun operations with a $25 million commitment to fund real estate loans in Texas. The firm is focused on financing warehouses, office buildings, retail properties, apartments and land in the Dallas/Fort Worth, Houston and Austin markets. It also aims to finance speculative or turnaround real estate projects in Texas. Individual loans range from $1 million to $10 million with terms of 1 to 3 years. Bill Rafkin, founder of Rafkin Lending, has 27 years of experience in the commercial real estate market, beginning his career with Trammell Crow Co. in Dallas.

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