How I Did It: Cedric J. Franklin Sr. of Harley Stanfield
Can this real estate developer rescue Detroit?
By Cedric J. Franklin Sr.
, as told to Nitasha Tiku and featured in INC magazine
| Sep 1, 2009
Cedric J. Franklin, Chairman and CEO, Harley Stanfield Global
DETROIT DEAL: Cedric Franklin
atop a building he
recently bought in Detroit, his
first of many expected deals there.
has a knack for beating the odds - and making money in ways others wouldn't even try.
left a lucrative career in finance in 2003 to start Harley Stanfield
, a Washington, D.C. based real estate development and investment company.
The company buys houses and makes them energy efficient, then sells them as investment properties.
now has turned his
attention to his
native Detroit, where he
sees opportunity in buying up as many as a thousand homes.
My high school principal came to me a month before graduation and said, "Cedric
, have you ever thought about going to college?
I said, "No, I'm going to work at Ford
said, "If I could get you money to go to college, would you go?
I said, "I guess.
did, and it changed my life.
Black Enterprise article - Cedric Franklin