CRE Capital, Inc.
1777 North California Blvd., #300
FOR IMMEDIATE RELEASE
CRE Capital, Inc. Arranges $2,700,000 Britannia Business Center in Richmond, CA
Walnut Creek, CA
October 30, 2008
CRE Capital today announced the closing of a $2,700,000
fixed rate financing on the Britannia Business Center. This is a 2 building, 95,586 s.f. Light Industrial/R&D complex located in the Hilltop
Mall area of Richmond, CA. This financing was unique as the owner received
7 year fixed rate financing with a fixed pre-payment penalty during the first 5
years of the loan and no penalty thereafter. Washington Mutual is the lender
and the loan was originated out of their San Francisco office by Jay Murray.
Tom Dewar of CRE Capital, Inc. arranged the financing on behalf of the building
About CRE Capital, Inc.
CRE Capital is a commercial mortgage brokerage firm founded to provide the best experience possible for owners financing their commercial properties. CRE Capital works to find the best financing available, close that financing in the shortest time possible, and insure the loan closes on the same terms as in the application. CRE Capital provides owners value by saving money, time and energy using the industries best tools and focusing completely on closing on time, on budget and on the best terms.
The company was an
early adaptor of the internet as a tool to solve 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 removes the stress by representing borrowers and making the process
transparent. The delivery system is award winning software developed by CRE
Capital to open and to automate the financing process. The increased
efficiency allows CRE Capital to manage more lender
relationships, obtain better financing, and close faster with fewer
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.
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