GenX Capital Partners

CRE Development, Acquisitions and Capital Markets

About

Established in 2015 by Managing Director Mark McClure and CFO Paula Wallem and headquartered in Miami, GenX Capital Partners initially focused on providing debt and equity financing to experienced real estate professionals while also participating as investors in the GP side of the capital stack in specific cases. However, in 2020, the company expanded its scope to include internal financing and construction of their own projects which included residential communities, condo developments, hospitality and mixed-use projects, incorporating both "Jr" and "Big Box" retailers.

With a commitment to development and acquisitions in the residential, hospitality, and retail sectors, GenX Capital currently manages a portfolio exceeding $150 million in development at any given time. McClure emphasized the firm's dual strategy, stating, "While we place a strong emphasis on our own account in development and acquisitions, we continue to close debt and equity capital for select clients and actively participate alongside the GP on a deal by deal basis. "

DEVELOPMENT

We are seasoned, well capitalized developers with a heavy focus on residential, hospitality and retail sectors. Minimum deal size $20 million,

LP EQUITY INVESTMENT AND GP PARTICIPATION

Having strong relationships with institutional and private equity here in the U.S., Mexico, South America and Western Europe we not only tap into these partnerships for our own projects, but bring them to the capital stack for our clients as well. Minimum check size is $10MM for LP and $2MM for GP. Focus on retail, hospitality, residential and industrial.

BRIDGE DEBT AND PRIVATE LENDING

While we finance "in-house" as a private lender for deals from $500K to $5MM (residential), our main focus has been originating debt for "best in class sponsors" in the retail, hospitality, industrial and residential sectors. Our rapid speed in turning around term sheets and CLOSING DEALS from $15+MM has made us the go to source in this space.

Mark McClure of GenX Capital Partners Closes $3.2MM "Cash Out" Refi for $87MM, 336 Unit Development in Ft Myers

3/4/2023

Renaissance Development Group was able secure a $3.2 million "cash-out" refinance on their fully approved, 336-unit development in Ft. Myers, FL set to break ground late 2024. Mark McClure of GenX Capital Partners underwrote the financing with one of their private equity partners out of Boca Raton FL.

Cambridge MA Hotel Secures Financing $37.75MM from NY Hedge Fund

6/19/2019

The $37.75 million construction financing was originated and underwritten in a collaboration between Mark McClure at GenX Capital Partners, a real estate investment banking firm and direct lender based in Miami, and Capital Stack CRE Finance, a commercial real estate financing intermediary headed by long time Boston-based real estate veteran Brian Sheehan. The transaction was funded by a New York City-based real estate hedge fund.

GenX Capital Partners Closes on Financing For 45 Unit Development

9/21/2023

Mark McClure, a Miami developer who grew up in Cape Elizabeth, has closed on a $24 million loan for the ongoing construction of his high-end, 45-unit condominium complex, the Mark, in Cumberland Foreside. McClure is part of a development team with Shinberg Consulting, Jeff Pollack, Paula Wallem and DeStefano & Associates. The project, which is 40% completed, has so far been financed by internal equity and bridge financing from Titan Funding in Boca Raton, Fla. The construction loan was arranged by Daniel Eidson of Concord Summit in partnership with Builders Capital, McClure said.

Millennia Companies Buys Statler Arms For $53 Million Repositioning

2/2/2018

The purchase is part of a $53 million plan by Millennia CEO Frank Sinito to renovate and redevelop the 295-unit apartment building in the Theater District into a higher-end property to target millennials, a generation that favors downtown living. Miami-based GenX Capital said it closed $9 million in joint venture equity with a Boston based private equity fundas part of the deal.

GenX Capital Closes $37MM Construction Loan For Hilton Tapestry Upstate NY

4/19/2024

Miami based GenX Capital Partners along with CapStack Finance out of Boston, MA recently closed with NY based real estate hedge fund, on a $37 million construction loan for the $53 million Hilton Tapestry Collection Hotel and 44 unit condo development located on the Finger Lakes in Canadaguia, New York

Luxury Vehicle Condos Coming To Maine

12/31/2023

Developer Mark McClure, managing director for real estate investment firm GenX Capital Partners (http://www.GenXCP.com), is set to transform the landscape of personal vehicle storage in the State of Maine with the introduction of Luxury Motor Toys (http://www.LuxuryMotorToys.com), a groundbreaking brand that offers high-end condominium garages designed to cater to the discerning needs of vehicle enthusiasts.

GenX Capital Partners To Offer Unheard Of 95% Financing

12/7/2021

New financing platform will provide unprecedented leverage for stabilized acquisition and development deals, allowing CRE sponsors to forego expensive equity and control more of their deals.

Lipe to Build Apartments on Chicago's ‘Hipster Highway’

3/16/2020

Lipe Property Co. has the funding in place from GenX Capital to break ground on a 97-unit multifamily development at Milwaukee and Chicago avenues. (Lipe Property Co.)

Saco Island West Lands $4MM Bridge Loan With GenX Capital Partners

1/24/2019

GenX Capital Partners LLC, a Miami-based direct lender for commercial real estate transactions, announced Wednesday that one of its private equity funds out of Boston helped close a $4 million bridge loan that enables Saco Island West LLC to complete its redevelopment of Building 3 at the Saco Mill Complex in Saco

GenX Capital Partners Closes $12.7M For 27 Home Clark’s Point, Wiscasset Development

8/22/2022

Mark McClure closed on the $12.7MM acquisition loan and construction line with a Boca Raton private equity fund that will initially help fund these 27 homes and included an option for an additional 22 in the future.

Miami, FL, USA