There are plenty of options for those looking to invest, and one that can be particularly satisfying is investing money back into your local community. That’s precisely what Romano Capital specializes in.
The company started in 2003 as a loan brokering business and has since grown into an alternative investment company focusing on real estate with vertically integrated subsidiaries that reinforce its investments.
Around the recession in 2008, banks stopped lending money out for projects, meaning there were a lot of stalled projects locally. Romano started lending out money so those could continue, helping to develop property around Clark County.
“Being a vertically integrated company gives us an edge in how the product turns out. It gives a better return for our investors because we are so intimate with the entire process for all these projects,” said Nikole Williams, Vice President of marketing for Romano. “We really focus on local and it’s important to everybody who works at Romano. We all live here in Clark County. We shop here. Our kids go to school here. We take a lot of pride in developing great projects in the community where we live.”
They have contributed $6 million in impact fees to the local economy, including $3.2 million going to local schools, $1.5 for local parks, and $1.3 on traffic projects.