Private Placement Markets to Open a Restaurant & Nightclub Venture Capital Division
Summary
Steve Muehler today announced that the Private Placement Markets is opening a Venture Capital Division solely focused on Restaurants and Nightclubs. It is anticipated that the Pandemic cost the sector $240 Billion (USD), and approximately 75% of restaurants nationwide say it is unlikely that their establishments will be profitable within the next six months. We are confident with vaccines no longer on the horizon, but now here, and with advancements in testing and therapeutics, the restaurant industry is merely months away from a massive revival and many of these businesses just need a lifeline to get from January into the Summer of 2021 and we believe we can be a joint venture partner for just that.” Private Placement Markets, the owner and operator of the Private Placement Debt Markets, originates, underwrites and services commercial real estate loans for commercial properties throughout the United States, and in select international locations. It is anticipated that the Pandemic cost the sector $240 Billion (USD), and approximately 75% of restaurants nationwide say it is unlikely that their establishments will be profitable within the next six months. We are confident with vaccines no longer on the horizon, but now here, and with advancements in testing and therapeutics, the restaurant industry is merely months away from a massive revival and many of these businesses just need a lifeline to get from January into the Summer of 2021 and we believe we can be a joint venture partner for just that.”Private Placement Markets, the owner and operator of the Private Placement Debt Markets, originates, underwrites and services commercial real estate loans for commercial properties throughout the United States, and in select international locations.