Lender targets growth in Puerto Rico

SARASOTA — Financial services firm Lendacy, which specializes in custom loans for accredited and private equity investors, has opened an office in San Juan, Puerto Rico.

It's the second office for the Sarasota-based firm, according to a statement. In addition to working with private equity businesses, the San Juan office will work with government agencies, the release adds. The office will also connect with clients across Latin America.

“Throughout 2016 we traveled back-and-forth between Sarasota and San Juan to pursue opportunities with local business owners and government officials,” Lendacy President Kelly Locke says in a statement. “Now that we're doing a substantial amount of business in Puerto Rico, it made sense for Lendacy to open a second office.”