Friday, September 07, 2007

Corruption - NJ - FBI Sting - Coastal Funding Group cached

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Coastal Funding Group, LLC
Who We Are
The Coastal Organization recently
launched an initiative to focus more
intensely on development
opportunities in urban areas. Our
business plan calls for local
builders and developers joint
venture with an affiliated venture
capital firm, to afford elevated
participation in urban development
What We Do
Coastal Funding Group, LLC was formed to pursue the unique
opportunity of joint venturing the financial resources of a venture capital
firm with historically under-capitalized local builders and developers.
These strategic alliances effectively leverage venture capital resources to
afford the resulting joint venture the opportunity to participate at a higher
level of the urban redevelopment process.

We at Coastal Funding Group, LLC have actively sought opportunities to
marry a portion of the client base of our affiliated entity,
Development Partners, LLC, with the financial resources of a Northern
Virginia-based venture capital firm,
Nova Financial. The commonality
between the two firms is
John Palmer, the CFO of The Coastal
Organization, as well as the Managing Director of Nova's Venture Capital
We at Coastal Funding Group, LLC seek to serve as a conduit to: 1)
identify local, historically-undercapitalized builders and developers, either
through an ongoing client relationship with our affiliate,
Development Partners, LLC, or through vetted reference; and 2) joint
venture these builders and developers with the venture capital resources
of our related entity. The overriding goal is to finance the participation of
well-run, yet under-capitalized local firms, in urban development projects.

We at Coastal are excited about this new initiative, as well as the financial
resources brought to bear by the inclusion of
Nova Financial, and
anticipate this segment of our business to dramatically expand in the
coming months.

About Me

Plainfield resident since 1983. Retired as the city's Public Information Officer in 2006; prior to that Community Programs Coordinator for the Plainfield Public Library. Founding member and past president of: Faith, Bricks & Mortar; Residents Supporting Victorian Plainfield; and PCO (the outreach nonprofit of Grace Episcopal Church). Supporter of the Library, Symphony and Historic Society as well as other community groups, and active in Democratic politics.