QualityStocksNewsBreaks – FAVO Capital (OTC: FAVO) Acquires $190 Million Mixed-Use Property 1818 Park in All-Stock Deal
FAVO Capital (OTC: FAVO), a diversified finance company providing alternative revenue-based funding to SMBs, completed its $190 million all-stock and assumption-of-liabilities acquisition of 1818 Park, a Class-A mixed-use property in downtown Hollywood, Florida. The newly built, high-occupancy asset features residential, office, and retail space with long-term leases, delivering stable cash flow and expanding FAVO’s portfolio into income-generating real estate. Former owners led by GCF Development will become long-term equity partners, ensuring operational continuity. Management said the acquisition strengthens FAVO’s balance sheet, broadens its collateral base, supports larger financing lines, and enhances private credit growth while aligning with the company’s long-term, diversified…