Schelin Uldricks & Co. LLC Announces Closing of $7,000,000 Corporate Preferred Equity Financing

Schelin Uldricks & Co. is pleased to announce the closing of the most recent tranche of preferred equity financing for a nationwide real estate services company.  This tranche of preferred equity, of approximately $7,000,000, will be used for future mergers and acquisitions and general corporate activity.

The preferred equity round was led by Schelin Uldricks & Co. managing partner, Derek Uldricks, who commented on the offering, “The interest level for this preferred equity round was very high due to the unique opportunity the sponsor had in the hospitality sector.  The company is well positioned for future growth potential and its management team has deep relationships across the US that could bolster their future pipeline of acquisitions.”

The preferred equity offering is structured to seek monthly income for investors and was targeted toward high net worth accredited investors and family offices across the country. 

https://www.prnewswire.com/news-releases/schelin-uldricks–co-llc-announces-closing-of-corporate-financing-transaction-301314605.html?tc=eml_cleartime