CRE Capital, Inc.
1470 Maria Lane, Suite 310
Walnut Creek, CA 94596
925-932-2522 or fax 925-932-2924
925-932-2522 x 13 (direct)
CRE Capital, Inc. Arranges $9,800,000 Financing for Industrial Building in Santa Rosa, CA
Walnut Creek, CA
June 25, 2004
CRE Capital today announced the closing of a $9,800,000 fixed rate loan on a 124,237 s.f. industrial building in the Corporate Center Business Park in Santa Rosa, CA. The project is fully leased to multiple tenants. The financing was arranged by Tom Dewar with Merrill Lynch Mortgage Capital Company. The loan was originated out of Merrill Lynch`s Newport Beach office.
About CRE Capital
CRE Capital was formed to bring modern business practices to a traditional commercial mortgage brokerage company. The company was an early adaptor of the internet as a tool to solve the problems borrowers often face when hiring a broker. The broker`s traditional role as intermediary often leads to frustration as borrowers struggle to determine what is best for them. CRE Capital changes the brokers role to that of a service provider representing borrowers, not as an intermediary. The delivery system is award winning software developed by CRE Capital to open and to automate the financing process. The increased efficiency of allows CRE Capital to charge lower our fees and increase the breadth of the company`s lender relationships.
Award Winning Software
RealComm awarded CRE Capital, Inc. the 2003 Digie Award Winner for Commercial Lending. CRE Capital received the award for the best use of the internet. Each year, Realcomm recognizes the leaders and innovators in the Commercial Real Estate industry who are maximizing the use of technology and automation in their businesses. Other 2003 award winners included Equity Office, Lincoln Property Company and Sperry Van Ness.
For More Information Contact:
925-932-2522 x 13