CRE Capital, Inc.

1777 North California Blvd., #300

Walnut Creek, CA 94596

fax 925-256-8600

http://www.crecapital.com

tdewar@crecapital.com

925-457-4011

925-457-4011

 

FOR IMMEDIATE RELEASE

CRE Capital, Inc. Advises Office Building Owner on Loan Renewal in San Jose, CA

Walnut Creek, CA
March 30, 2009

CRE Capital today announced the completion of their advisory work for the owners of Community Towers in San Jose, CA. Community Towers is a 12 story and 10 story, 302,653 s.f. office complex located in downtown San Jose. The owner of Community Towers hired CRE Capital, Inc. to assist in their negotiation with their lender on a loan extension. CRE Capital`s primary role was to work with the lender and the lenders appraiser on establishing a fair value for the property. This work involved providing an ARGUS analysis, comparable sales properties and a thorough analysis of the properties rent roll and operating expenses. CRE Capital`s work directly resulted in the value in the appraisal being increased by over $2.0 million. This work helped the lender extend the loan on a conforming basis which was a win-win result for both lender and owner.

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 problems.

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:

Tom Dewar
tdewar@crecapital.com
925-457-4011
http://www.crecapital.com