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LAKE IN THE HILLS, ILLINOIS--(Marketwired - April 25, 2013) - Further to the news release dated April 17, 2013, in which CapGain Properties Inc. (TSX VENTURE:CPP) announced that its wholly-owned subsidiary, CapGain Holdings Inc. ("CapGain"), had entered into a Financing Commitment with Statesman Financing Corp. ("Statesman"), this release shall specify the terms of said financing. The financing will allow CapGain to acquire a 30%, with an option to acquire as much as 80%, interest in Orlando MF Partners LLC, which will purchase the properties located at 1200 West Holden Avenue, Orlando, Florida and 4855 South Orange Blossom Trail, Orlando, Florida (the "Properties"), which are anticipated to be valued at $12,000,000 to $13,000,000, for $9,900,000. |
