Second Street Capital, Inc.
2300 NE 9th Street, Suite 3
Ft. Lauderdale, FL 33304-3579

Phone: 954-848-6200
Fax: 954-522-4230

Based in Fort Lauderdale, Florida, Second Street Capital, Inc. is all about entrepreneurs working with entrepreneurs.

Our ability to dream creatively and make those dreams materialize is making Second Street Capital a model for many companies in the future. We realize that changing times often require changing the way in which we do business.

We seek to retain our entrepreneur spirit, while channeling people with a common cause and capital resources together in ways that will allow us to grow and create wealth for all stakeholders. Moreover, we believe it is vital to the success of our business that our shareholders, officers and associates all be considered partners. There was a time when little was needed to succeed in the real estate business, but this is no longer the case. In today's world, we need to remain flexible and yet, at the same time, have the scale to gain access to the world's capital market.

Second Street Capital has developed a platform and a plan that will make this happen. We have found a way to organize entrepreneurs.

By nature, entrepreneurs are wheelers and dealers. Entrepreneurs generally do not operate in concert for a larger goal. Second Street believes it has developed a unique way for entrepreneurs to do well on their own, while at the same time help to grow a public corporation and achieve common goals.

Company History

The Company, formerly known as Calton, Inc., was incorporated in 1981 and has a long history in the real estate development and homebuilding business. In 2007, the financial market meltdown substantially impacted Calton, Inc. and its subsidiaries. Projects under construction with pre-sales collapsed. Buyers walked away from deposits as home values declined and little if any mortgage money was available. Speculative and second home sales essentially vanished from the market. Banks were unwilling to restructure loans to enable Calton, Inc. to try to work out of its projects for recovery. Regulators became more aggressive in requiring significant write-downs of loans and the banks were uncertain as to how to react. These factors caused Calton, Inc. to cease active homebuilding operations and de-register as an SEC reporting company. Calton, Inc. filed its last Quarterly Report on Form 10-Q with the SEC in October 2008. From 2008 until November of 2011 Calton, Inc. “went dark” while evaluating changing economic and market conditions for new opportunities and has not filed any public reports. Calton, Inc. is now being recapitalized and restructured and has changed its name to Second Street Capital, Inc. The Company plans to re-register as a reporting company with the SEC sometime in the near future.

The Company's New Business

In December of 2012, the Company hired new management and now operates as a real estate and specialty finance company making direct investments in real estate and providing financing for qualified borrowers investing in real estate. The Company focuses on finding new opportunities with companies having capital inefficiencies and focuses on making revenue participating asset based loans and building income producing properties.

Management Team

Senior management has worked together for over 15 years and has developed a stable institutional infrastructure. The team focuses its lending activities in markets where we have human assets and a deep intuitive understanding of the markets.

Kyle E. Meyer – Chairman, Chief Executive Officer and President, has over 30 years of investment experience in real estate and finance. Mr. Meyer and several other members of the Second Street team were in partnership with the Baupost Group (a major private equity firm) that carefully acquired and managed a southeastern portfolio of opportunistic, distressed and value-add real estate assets.

George Henderson – EVP, CFO and Chief Investment Officer, has over 40 years of experience in the field of real estate, corporate finance and international trade. Mr. Henderson has been a member of the Second Street team for over 15 years.

Maria Caldarone – EVP, served as Executive Vice President of Calton, Inc. from January 2004 to November 2011. In November of 2011, the Second Street team acquired a controlling interest in Calton, Inc. and changed the name of the company to Second Street Capital, Inc. Ms. Caldarone retained her position as EVP with Second Street Capital, Inc.

John Bock – EVP, has over ten years of experience managing assets and working with small and medium size business. Since his retirement from the Miami Dolphins in 2001, Mr. Bock has helped structure and source private equity, mezzanine, and senior debt financing from both institutional and non-institutional investors. Mr. Bock joined the Second Street team in 2003.

Layne Meyer – EVP, Principal Broker of Second Street Realty, LLC and President of Second Street Construction, LLC (both subsidiaries of the Company). Mr. Meyer began his real estate and home-building career working with both Ryan and Pulte Homes supervising the construction of well over 400 homes. Mr. Meyer left the national home-building industry to build high-end custom homes with a large private home-builder forming Van Metre Custom Homes Inc. As president, Mr. Meyer established the company as one of the premier high-end custom home-builders in the exclusive Northern Virginia market. In 1998, Mr. Meyer formed Meyer & Associates where he purchased, re-zoned, subdivided, and sold land to home-builders in the DC Metropolitan market. Meyer Associates consulted with builders, bankers and private investors in all aspects of the building and residential real estate industry. In 2003, Mr. Meyer relocated to Fort Lauderdale Florida, joining the team as a senior asset manager.

Josephine de Asin – Ms. de Asin joined the Second Street team in 2004 and has over 30 years of operational experience, including almost a decade at the World Bank in Washington, D.C.

Outside Directors:

Anthony J. Caldarone – a Director of the Company, served as Chairman, President and Chief Executive Officer of the Company from January 2005 through August 2011; served in that same capacity from the inception of the Company in 1981 through June 1993; and, from November 1995 through September 2002. From September 2002 until January 2005, he served as Chairman and Chief Executive Officer of the Company. He served as director of the Company from June 1993 through October 2005. Mr. Caldarone is the father of Maria F. Caldarone, Executive Vice President and a Director of the Company.

David McCain – Mr. McCain has over 25 years of executive and senior management experience relating to real estate and financial services.  He currently co-owns a real estate consulting firm, MPKA, LLC, which among other accomplishments, has restructured over $3 billion in distressed real estate loans since 2008.  Mr. McCain was formerly President and CEO of Lennar Financial Services, Vice President and General Counsel of Lennar Corporation, and served for nearly ten years on Lennar's Executive Focus Group, and their Investment, 401k, and Conflicts and Ethics Committees.  Prior to Lennar, Mr. McCain served as Vice President and General Counsel for John Alden Asset Management Company.  Mr. McCain also serves on the Board of RodBlu Investment Fund I. 

Bill Albers – Mr. Albers has over 30 years of experience managing corporate level finance, acquisitions, and business planning departments.  Mr. Albers currently co-owns a real estate consulting firm, MPKA, LLC, which among other accomplishments, has restructured over $3 billion in distressed real estate loans since 2008.  Mr. Albers was formerly Executive Vice President of Centex Homes where he last served as Chief Financial Officer.  After Centex, he was a partner in IHP Capital Partners.  Mr. Albers also serves on the Boards of Angel Fire Resort and American Excelsior Corporation. Mr. Albers earned his Bachelor of Science in Economics from the Wharton School of the University of Pennsylvania.