Equus Resources Inc., Atlanta, has announced the formation of a commercial lending division that will offer asset-based financing for the acquisition and development of commercial real estate projects.The financing will be targeted at projects with lending requirements ranging from $500,000 to $5 million. Acceptable properties will include apartments and other multifamily housing projects, shopping centers, office buildings, warehouse and light industrial projects, resort/vacation properties, restaurants, and hotels and other hospitality properties, Equus said. Lee Pagnotta has been named to head the new division. Equus can be found on the Web at http://www.equusresources.com.
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