Commercial Real Estate Investment Bank Secures $2,475,000 of Bridge Financing and Permanent Financing for an Office Property in Oregon
http://www.pacificsecuritycapital.com - Pacific Security Capital ("PSC"), a leading commercial real estate investment bank headquartered in Portland, Oregon recently announced that it secured $2,475,000.00 of bridge financing and permanent financing for Bridgeport Crossing, a suburban Class "A" property in Portland, Oregon. Pacific Security Capital provided a float to fixed first mortgage with a very competitive spread over the 30-day LIBOR for the 20,000 sq. ft. office building located in Portland, Oregon. The bridge financing allowed Pacific Security Capital's client to take-out their construction loan prior to the property being stabilized which was of significant benefit to the sponsor.
After stabilization there is an option to fix the rate at a very competitive spread over the corresponding Treasury swap rate.
According to Mike Wenzlick, Senior Managing Director for Pacific Security Capital, "This project had a variety of issues that come with financing a non-stabilized property which also had a non-profit corporation as a significant owner."
"When we originally saw the transaction we underwrote it on a CMBS basis as the owner thought they had a tenant in tow that would provide the necessary occupancy prior to closing. However during underwriting the owner lost the tenant and we had to underwrite the loan on a portfolio basis in order to get it closed. The fact that we were able to deal with the vacancy issue and change direction midstream bears testimony to the value Pacific Security Capital adds to a deal with creative underwriting and sophisticated financial engineering," said Mike Myatt, Executive Managing Director of Pacific Security Capital. About Pacific Security Capital (PSC)Pacific Security Capital ("PSC") is a leading commercial real estate investment banking firm and real estate capital markets expert.
Pacific Security Capital provides commercial real estate loans, bridge loans, debt, equity and hybrid capital for the acquisition, development, construction, renovation, mezzanine, and bridge financing and permanent financing of commercial real estate projects requiring more than $2MM in financing. Pacific Security Capital is headquartered in Portland, Oregon with other locations across the country. More information about the company can be found at www.PacificSecurityCapital.com.
Contact: Pacific Security CapitalMike MyattDirect: 503-670-5415Fax: 503-670-9400e-mail protected from spam bots.
Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Lake Forest, CA (ContentDesk) March 26, 2006 -- Ellis Dandy, Real Estate Financing Consultant of GettheFunding.net unearths creative solutions for avid investors who dont fit into the general lending guidelines of traditional banks. Business owners and investors frequently need financing resources that are innovative and tailored to their individual projects. Each project is unique with its own challenges and hurdles and more and more, creative financing or out of the box financing is pivotal for todays investor, states Dandy.Getthefunding.net aims to be the one stop shop for investors as they understand the challenges and hurdles associated with securing financing for the various types of Commercial Real Estate.
Many clients will achieve their ultimate goals in securing funding since Getthefunding.net brings over twenty-five years of expertise in cutting edge strategists to the serious investor. The launch of Getthefunding.net is an exciting endeavor, says Dandy.
Financing > Getthefunding.net Lends Innovative Creative Financing Solutions for Commrecial Real Estate Investors
Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
FOR RELEASE: 8 a.m. Eastern, October 14th, 2005SEATTLE, Wash (ContentDesk) October 15, 2005 -- Hubspan, Inc., a leading provider of managed services for cost-effective, scalable business-to-business integration, today announced that it has closed a $13 million round of funding. BA Venture Partners led the financing round with additional support from SeaPoint Ventures, Intel Capital, and Hunt Ventures. The funds are earmarked for the companys expansion into international markets, as well as key sales and marketing initiatives. Additionally, Rory ODriscoll, managing director at BA Venture Partners, will join the companys board of directors. BA Venture Partners believes that Hubspan leads the emerging category of on-demand enterprise integration by providing a service that is more flexible than legacy electronic data integration (EDI) and cheaper than licensed software based offerings, said Rory ODriscoll, managing director at BA Venture Partners.The companys Hubspan Business Network...
Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
Financing > Hubspan Secures $13 Million in Venture Capital Financing Financing to Fuel Market Expansion and Sales and Marketing Activities
Intradyn Announces $2 Million Financing
Intradyn Inc. announced today it has obtained additional financing of approximately $2 million to support its continued growth as a leader in data protection and data preservation solutions for small to midsized businesses (SMBs).
The financing amount includes $1.025 million from a debt offering.
In addition, the company received a package of economic development funding of approximately $1 million associated with the location of the company's new production facility in Mason City, Iowa. "We continue to successfully meet our capital needs as our business expands," said Gary Doan, Intradyn's CEO.
"We're delighted to announce this financing soon after completing the best quarter in our company's history. And we foresee a very positive year ahead in 2005, with more new product releases, a growing reseller network now numbering more than 110, and adding to and expanding our partnerships with industry leaders." The economic development package is the result of a cooperative...
Intradyn Announces $2 Million Financing
Financing > Intradyn Announces $2 Million Financing
ICD Completes Round of Private Financing
Integrated Circuit Designs, Inc. (ICD) today announced the completion of a $2M round of private funding.
ICD will use the funds to expand in the analog, RF, mixed-signal and power management design services and IP markets."The completion of this round of financing marks the beginning of a new and exciting era at ICD, putting in place the resources to continue our growth and expand our IC design services and IP capabilities," said Edward Chalfin, President and founder of ICD.
Chalfin continued, "This financing comes at an opportune time for ICD.
Over the last year we have developed innovative IP for low-noise frequency synthesis including Continuous Calibration Technology(TM) and Enhanced Synthesizer Architecture(TM) as well as the Frequency-Regulated Average Current Mode (FRACM(TM)) architecture for switching power supply applications.
We now look forward to bringing these to market. ICD is currently adding new advanced tools to its standard design...
ICD Completes Round of Private Financing
Financing > ICD Completes Round of Private Financing
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
(ContentDesk) June 23, 2004 -- Christy Slye, Mortgage Broker with RealWebFunds, Inc., has announced that the firm recently closed $1,850,000 in restaurant financing debt for the Souplantation restaurant building in Temecula, California.The 8,562 square foot restaurant built in 2000 at the Promenade Mall is leased by Garden Fresh Restaurant Corp. DBA Souplantation. This non-credit tenant is currently in the third year of a 20 year NNN lease. The landlord was looking for a lower fixed rate, non-recourse, commercial mortgage with cash-out. The restaurant loan was funded by Valley Independent Bank of Palm Desert, California with a 5 year fixed rate at 5.5% with the opportunity to renew for an additional 5 years at the same spread over the five year constant maturity treasury.
The loan was made non recourse with cash out to meet the borrower's needs.About RealWebFunds:RealWebFunds, Inc. (www.realwebfunds.com) is...
RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Financing > RealWebFunds Secures $1,850,000 Non-Credit Tenant NNN Restaurant Financing
Zero Per Cent Financing Offered By Ford
Up until Labor Day, you can purchase a Ford vehicle with zero per cent financing for seventy two months. This was the main piece of news that the Ford Motor Company announced just very recently to the motoring public and to the automobile industry. Primarily, this move was done so as to sell out any remaining 2006 Ford vehicle models and in the process give way for the 2007 Ford line up.
If you have not yet heard, the Ford Motor Company has been suffering for several months now because of low and declining sales. Aside from that, the company is also suffering from loss of funds for they had just recently sent out a huge recall of several Ford vehicle models that were found out to be prone to starting fires.
Of course, with that, the company would have to shell out huge amounts of money so as to replace any affected parts like Ford Granada parts as well as spending the money on people who would...
Zero Per Cent Financing Offered By Ford
Financing > Zero Per Cent Financing Offered By Ford
7 Tips About LASIK Procedures
For many people wearing glasses is a signal that you are somehow different from everyone else. The other kids at school drill this into your head as child. Therefore, when the chance to get rid of glasses forever was introduced, the surgery, known as the LASIK procedure was embraced with open arms. Unfortunately, the price of the surgery kept it out of reach for some people. Thankfully, the price is going down and interest is being renewed.
1- Before jumping into a LASIK...
Financing > 7 Tips About LASIK Procedures
Life Insurance Basics
It's just another one of those financial things that you figure you don't really want the added cost to your monthly budget. Heck when will you ever need Life insurance right? Well that's just the point, you never know when you'll need it/ Each month there are always other places for money to go that could cover the premium for a life insurance policy. You need to stop looking at it like a cost, and more as a requirement like your home or car insurance. It's there in case the worst happens so...
debt consolidation Commercial Real Estate Investment Bank Secures $2,475,000 of Bridge Financing and Permanent Financing for an Office Property in Oregon
Financing > Life Insurance Basics