What is Capitol Acceptance?
Capitol Acceptance Corporation (CAC) operates as a unique financial entity, offering Capitol Time Certificates as an investment vehicle. These certificates typically provide yields that surpass those of traditional bank certificates of deposit, exclusively targeting Minnesota investors. The capital raised through these certificates is channeled to Hillcrest Development, LLLP, the parent company, for its diverse commercial real estate ventures. This symbiotic relationship ensures that investor funds are actively deployed in community-focused property renovation and redevelopment within Minnesota, with both Capitol Acceptance and Hillcrest Development undergoing annual audits by CliftonLarsonAllen LLP. The Time Certificates are registered securities with the State of Minnesota Department of Commerce and are guaranteed by Hillcrest.
How much funding has Capitol Acceptance raised?
Capitol Acceptance has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
Key Investors in Capitol Acceptance
PPP
Public-Private Partnership
What's next for Capitol Acceptance?
With a significant capital infusion indicated by the large-scale late-stage funding, Capitol Acceptance is poised for continued expansion and enhancement of its real estate financing activities through Hillcrest Development. The strategic investment suggests a focus on scaling operations, potentially broadening its investor base within Minnesota or exploring new real estate development opportunities. The company's commitment to community improvement through property redevelopment, coupled with its robust financial oversight and guarantees, positions it for sustained growth and investor confidence in the coming years. Future developments will likely center on leveraging this capital to further solidify its market presence and contribute to Minnesota's economic landscape.
See full Capitol Acceptance company page
