ATLANTA–(BUSINESS WIRE) – Bay Point Advisors is pleased to announce that it has expanded its presence in the motion picture industry by providing TRSPC Owner, LLC with a $ 15.9 million home loan. The home loan provides TRSPC Owner, LLC funds to build a premier film and development production campus near Atlanta known as Three Ring Studios.
This transaction is the latest in a series of transactions in which Bay Point, a privately held company specializing in short-term, secured loans to small and medium-sized businesses, has funded high profile projects in a variety of sectors. “We are excited to expand our presence in the Georgia film industry,” said Charles Andros, manager, Bay Point Advisors.
Three Ring Studios will be a world class film and development production campus offering the most innovative space and technology available in the production world today. The production campus combines a unique mix of space, light, sound and scenery advantages and will consist of three (3) 43,500 square meter sound stage buildings, each divisible in half, whereby six (6) sound stages, three (3) 20,000 Square Meter Factory Buildings and Twelve (12) 2,500 Square Meter Office Buildings.
Bay Point lends to small and medium-sized businesses for which traditional sources of credit do not exist, and develops bespoke financing solutions to meet the unique needs of each business. Examples of secured loans include commercial and residential real estate, development finance, private corporate finance, bridging loans, and self-financing.