Chris Balestrino is a Principal at Park Place Equity, LLC. Park Place Equity (“PPE”) provides and arranges financing for small business owners and real estate investors, as well as offer strategic advice to clients operating in the early to medium stages of their business development. Most loans are typically secured by commercial real estate, equipment and other tangible business assets.
PPE has closed in excess of $100,000,000 since its formation in 2007 and through its network of community banks, PPE continues to provide financing solutions to small businesses and real estate investors alike.
The primary focus is government guaranteed lending; loans which require credit enhancement from the SBA, USDA, Fannie Mae, Freddie Mac and FHA. Secondary focus is the “Community Banking Platform”; this program is designed to fill the void left by the CMBS market and other lending institutions which previously relied on the secondary market to sell their loans without the benefit of a government guarantee (SBA, USDA, Fannie, etc).