LCG Announces the Successful Completion of a $10.4 Million Debt Financing for Mainstreet Property Group

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FOR IMMEDIATE RELEASE

Contact: Clint Mitchell
Managing Director
LCG Capital, LLC
317-222-1820
[email protected]

LCG Capital and Mainstreet Partner To Provide Financing for Next-Generation Healthcare in Indiana

Indianapolis, IN (January 23, 2012) The Indianapolis office of LCG Capital Advisors, LLC (“LCG Capital”) is pleased to announce the recent completion of a $10.4 million debt financing for Mainstreet Property Group, LLC (“Mainstreet”), one of the fastest-growing healthcare real-estate investment companies in the country, for its new project development, a planned 100-bed skilled nursing and assisted living facility in Mishawaka, IN. LCG Capital works with Mainstreet on the debt financing of its real estate portfolio and the construction financing associated with its aggressive growth plans, and this is the second successful closing between the two firms.

Mainstreet develops next-generation healthcare facilities for a variety of short-term and long-term needs, primarily for seniors. Mainstreet offers need-based healthcare in an atmosphere that feels more like a hotel than a hospital. Their next-generation design includes multiple social destinations, business centers (wi-fi), restaurant dining, private rooms, private baths and therapy/wellness.

Mainstreet, based in Cicero, IN, partners with leading regional operators to meet the needs of underserved areas. Through development and acquisition, Mainstreet has a portfolio of 16 senior care properties in Indiana and Illinois, with near term expansion plans in other states.

LCG Capital’s Managing Director, Clint Mitchell, stated, “Mainstreet had an incredible year of growth in 2011. We have worked together on the financing of multiple new facilities in the past year. Even in difficult financing markets, capital has been available for companies that are able to demonstrate strong results by providing a high quality product to consumers.”
LCG was retained as exclusive financial advisor for Mainstreet’s debt financing needs.

Adlai Chester, Mainstreet’s CFO, stated, “Mainstreet has done extensive research into what Baby Boomers need and desire in senior housing. One thing is clear – they are not content with the current housing options. Mainstreet is dedicated to developing next-generation of healthcare properties and LCG is instrumental in helping us with that goal.”

About LCG Capital Advisors, LLC
With offices in Indianapolis and headquartered in Tampa, LCG is a boutique investment banking firm that assists companies in a wide range of transactions, specializing in mergers and acquisitions, corporate debt placements, commercial real estate finance, growth capital, management and leveraged buyouts and transaction advisory services. The company has a reputation for handling complex transactions, and has built relationships with some of the nation’s largest funding sources, including banks, specialty financing companies, hedge funds and private equity firms. LCG was named to the Inc. 500/5000 list of fastest growing companies in 2011. For more information regarding LCG Capital Advisors, LLC, a Florida
limited liability company, FINRA registered broker-dealer and SIPC member firm, please call (813) 226-2800 or visit www.lcgcapital.com.

About Mainstreet Property Group
Mainstreet, which added $100 million in new development assets in 2011, is expanding into states across the Midwest with its next-generation healthcare model. For 2012, Mainstreet has identified 10 other locations and has begun the land acquisition process in Illinois, Ohio and other Midwestern states. Mainstreet was named to the Inc. 500/5000 list of fastest-growing companies in both 2010 and 2011. It has been listed as the third-fastest growing private company in the area by the Indianapolis Business Journal and one of 41 “Companies to Watch” in the state by the Indiana Economic Development Corporation, Purdue University and the Edward Lowe Foundation. For more information about Mainstreet, visit http://www.mainstreetcap.net/.