Legion Capital Reports Operating Profitability, 26% Increase in Shareholder Equity

Legion Capital – a sponsor of private placements, Regulation A offerings and a specialized lender providing growth capital to small- and medium-sized real estate developers – recently announced results for its fiscal year 2023 ended Dec. 31, 2023. Its revenue increased by 29%, from almost $6.9 million in 2022 to approximately $8.9 million at the end of 2023. Shareholder equity increased by 26%, from $14.3 million to $18.1 million during the same period.

Legion Capital serves investors and broker-dealers through a suite of diversified equity and debt investment products, many of which offer attractive yields, non-correlation to traditional financial markets, and defined liquidity dates.

Earlier this year, the company sold approximately 19 acres within the Harmony master planned community in Kissimmee, Fla., to KB Home, conjointly with a tenured client and borrower of Legion Capital. The acreage was platted for 58 lots of single-family homes.

In its end-of-year results, the company also reported an increased year-over-year annual profit with an operating profit of nearly $3.69 million in 2023 compared to a reported operating profit of $1.08 million in 2022, an increase of 243%.

“2023 was another solid year of operational growth for Legion Capital and we are pleased with the improvement in our operating profits,” said Paul Carrazzone, chief executive officer of Legion Capital.

“We believe Legion remains well-positioned for continued growth as we work to continue the development of our core business for the benefit of our investors and shareholders,” Carrazzone added.

Legion Capital provides bridge funding, acquisition finance, development, and growth capital, addressing a large and growing segment of real estate development.

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