We are a real estate finance and asset management firm, headquartered in Pittsburgh, Pennsylvania. First Capital provides equity financing, asset management, and advisory services to the real estate industry. We work with owners, investors, lenders, and developers of affordable and market-rate housing.
Explore our web site to learn more about our firm, the services we provide, and how we may be of service to you. Provides equity financing for the development, acquisition and preservation of affordable and market rate apartment complexes. Provides asset management services for fifty two projects with a replacement cost value in excess of $250 million.
Explore our web site to learn more about our firm, the services we provide, and how we may be of service to you. Provides equity financing for the development, acquisition and preservation of affordable and market rate apartment complexes. Provides asset management services for fifty two projects with a replacement cost value in excess of $250 million.
Services
First Capital provided more than $50 million in equity capital to developers of affordable and market rate housing. In the 1990's First Capital refined its service offerings to enhance the value of its various projects. This involved recapitalizations, enhanced management to improve revenues and decrease expenses, repositionings, and dispositions.
In 1977, when First Capital Corporation was founded, few people had ever heard of affordable housing. At that time First Capital saw an opportunity to provide equity capital to developers of affordable housing which received project based Section 8 assistance.
In our first full year of operations we provided equity capital for the development of nine Section 8 assisted projects providing affordable housing to low and moderate income families and elderly tenants.First Capital was one of the first firms in the country to provide this important source of capital.
In our first full year of operations we provided equity capital for the development of nine Section 8 assisted projects providing affordable housing to low and moderate income families and elderly tenants.First Capital was one of the first firms in the country to provide this important source of capital.
More than thirty years ago, First Capital began providing equity capital to developers of affordable and market rate housing. We have raised and provided more than $50 million in equity capital for the construction or rehabilitation of fifty eight projects in eight states having a replacement cost in excess of $250 million.
Through First Capital Corporation and its affiliate, FCC Asset Management, Inc., we provide asset management services for our affiliate partnerships and to non-affiliated property owners. Our firm monitors a portfolio of affordable and market rate apartment complexes with a replacement value in excess of $250 million.
First Capital Corporation through its affiliate, Assisted Housing Advisors, LLC, provides advisory services to owners of multifamily housing properties. Our services include the restructuring or refinancing of the mortgage debt on a property as well as actions to improve its revenue and reduce expenses therby increasing its value.
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