Legion Capital Corporation, a fintech enabled private equity lender, announced that Legion Capital Series A-1 Bonds and Redeemable Preferred Stock, a $75 million Regulation A Tier II offering has been filed with the SEC.

Legion says the bonds are collateralized by senior secured commercial mortgages and are backed by existing real estate development properties in the Southeast United States. WealthForge Securities is the managing broker-dealer for the offering.

“Recent credit tightening from traditional bank lenders has had a meaningful impact on Legion’s real estate development financing opportunities,” stated Paul Carrazzone, Legion’s chief executive officer. “Our newest offering will allow us to continue growing our loan portfolio while offering investors monthly income and defined liquidity dates.”

The series A-1 bonds, priced at $1,000 with a minimum purchase of $10,000, offer terms of one-, two-, three-, and five-year durations.

According to the firm’s offering circular, the bonds bear interest at annual rates of 6, 6.5, 7, and 7.5 percent and include sales commission of 1.5, 3.75, 5.25, and 6 percent respectively.  There is a managing broker-dealer fee of up to 0.70 percent, expense allowances of 1 percent, and wholesaling fee of up to 1.08 percent.

Legion’s one year bond term includes a 0.25 percent interest rate “step-up” per the offering circular. One-year bondholders who purchase another one-year bond within 30 days of maturity are eligible for the interest rate step-up a maximum of four times.

The preferred stock shares offer a stated annual dividend of 8 percent, sales commission of 6.5 percent, a managing broker-dealer fee of 0.75 percent, expense allowances of 1 percent, and wholesaling fee of up to 1.39 percent.

Legion Capital says the company expects qualification of this offering by July 1.

Legion Capital Corporation provides financing for small- and medium-sized businesses and real estate developers. The firm provides bridge funding, acquisition finance, development, and growth capital.

About Legion Capital

Legion Capital (OTC:LGCP) is a specialized lender providing growth capital to small and medium sized companies and real estate developers. Legion provides bridge funding, acquisition finance, development, and growth capital in a highly customized and expeditious manner, addressing a large and growing segment of small business lending that is under-served by banks and institutions.

Legion Capital serves our Investors and Financial Representatives through a suite of diversified equity and debt investment products, many of which offer attractive yields, non-correlation to traditional financial markets, and defined liquidity dates. For more information, please visit www.LegionCapital.comDisclaimer and Forward Looking Statements can be found at : www.legioncapital.com/disclaimer/

Legion Capital Files Reg A Follow-on Offering

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