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Press Release

Legendary Swim Club in Marlton NJ Takes Investment and Plans for Massive Growth

The Chartwell Swim Club in Marlton NJ Has Taken a Capital Investment as it prepares for the upcoming summer season.

Oct. 28, 2019 / PRZen / MARLTON, N.J. -- Diligence Capital Advisors is excited to announce that it has sourced new capital investments for the Chartwell Swim Club, a legendary swim club and day camp located in Marlton, New Jersey.  The financing was made by a Philadelphia based investment company.

The capital will be re-invested into the swim club's existing amenities and programs by the club's operator James B. Johnston, Jr, who has successful operated the Chartwell Swim Club for decades.

Chartwell Swim Club is generally considered South Jersey's #1 swim club and day camp for kids. It spans over 13 acres and features 6 pools, giant water slides, food and drink cafes, picnic areas, tennis courts, basketball courts, sand volleyball courts, a croquet course, shuffle board, cornhole, horseshoes, softball and soccer fields.

"We were given a task to recapitalize a specialty asset in a matter of weeks due to the need to utilize the capital before the winter season to accommodate the club's growth and anticipated membership for the upcoming summer season. I am very pleased that we were able to perform in such a short time frame for the Swim Club's owner and operator," said Joe Rocco, co-founder of Diligence Capital Advisors and  long-standing former resident of nearby Medford, NJ.

The closing of a financing transaction for a specialty asset in just a few weeks demonstrates that Diligence Capital Advisors is well-suited to handle just about any financing request on any asset class.

"I am very happy with the job that Diligence Capital Advisors did for me in this deal," said Chartwell's owner James B. Johnston, Jr. "They sourced and closed a substantial capital investment for me in a very short time frame which will allow me to grow my business exponentially."

"The need for improved, enhanced and expanded services at The Chartwell Swim Club is reflective of sustained increased demand for South Jersey's leisure sector and represents both strong area demographics and Marlton's micro-demographics.This capital infusion into one of South Jersey's storied entertainment destinations is a testament to the above claim," said Jared Cobert, managing partner of Diligence Capital Advisors.

Diligence Capital Advisors team has sourced and/or closed senior debt, mezzanine debt, JV equity and preferred equity deals valued over 2 billion dollars.

Brett Wiltsey, Esquire of Dilworth Paxson LLP represented the Chartwell Swim Club in connection with the financing.

Tricia Magrann of City Abstract LLC in Haddonfield, NJ provided title insurance for the transaction.

About Diligence Capital Advisors

Diligence Capital Advisors specializes in arranging for capital investments, equity and loans for businesses and real estate projects. Diligence Capital Advisors has offices in Haddonfield, New Jersey and Philadelphia, PA.  The principals of Diligence Capital Advisors have sourced and/or closed senior debt, mezzanine debt, JV equity and preferred equity deals valued over 2 billion dollars. If you have a business or real estate project in the Philadelphia or New Jersey market and you are looking for an investment or new debt or equity, contact Diligence Capital Advisors at http://www.DiligenceCapitalAdvisors.com

Follow the full story here: https://przen.com/pr/33317359

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