Castle Placement Named Exclusive Placement Agent for $10 Million Raise for Dome Properties
Summary
Dome faces little to no competition from the major homebuilders, which are more interested in large developments than redeveloping lots one at a time.Founded in 2009, Castle Placement raises equity and debt private capital for early-stage and middle market companies across a broad spectrum of industries.is pleased to announce that it has engaged Castle Placement as its exclusive placement agent to raise $10 million of equity to purchase properties and build and sell homes and townhouses in downtown Raleigh.The company is led by Randy Stratton and Frank Mahan, each with a long and successful track record in real estate finance and development.Dome plans to purchase over 100 teardown properties per year for redevelopment.Raleigh, the capital of North Carolina, presents a very attractive market opportunity.Housing supply has not kept up with demand, with the average days on market for downtown Raleigh at 25, well below the 85-day national average.Dome faces little to no competition from the major homebuilders, which are more interested in large developments than redeveloping lots one at a time.Founded in 2009, Castle Placement raises equity and debt private capital for early-stage and middle market companies across a broad spectrum of industries.
Funding
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