CRE Capital, Inc.
1777 North California Blvd., #300
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.
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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