Summary
Nearly 150 local investors have dropped millions of dollars into the first local private equity fund of its kind to plug holes in the Inland Empire's bleeding real-estate market, according to the fund's chairman, Jeffrey Burum.
Earlier this month, Burum announced how Diversified Pacific Opportunity Fund came to the aid of struggling Rancho Cucamonga- based PFF Bancorp, and now says he'll be meeting with "most of the other banks in the region." He wouldn't divulge specifics.See the full content of this document
Extract
Fund to Aid Region Full Up
Burum - a co-managing member of home developer Diversified Pacific, based in Rancho Cucamonga - said investors maxed out the private fund this week, thus closing any opp...
See the full content of this document
Sponsored links
