CRE Capital, Inc.
1777 North California Blvd., #300
FOR IMMEDIATE RELEASE
CRE Capital, Inc. Arranges $8,000,000 Permanent Loan for Purchase of Anchored Retail Center in Sacramento, CA
Walnut Creek, CA
August 26, 2009
CRE Capital today announced the closing of an
$8,000,000 financing for the Laguna Village Shopping Center. This fully occupied
117,920 s.f. center is located on the Sacramento City
border with Elk Grove off US 99. The borrower purchased the center from Kimco, a large shopping center REIT. The financing is
unique as the anchor tenants are a national theater chain and a national
fitness club chain. With the assistance of the borrower and CRE Capital, Inc. the
lender was able to get comfortable with the property and provide a quick and
smooth closing. Umpqua Bank is the lender and the loan was originated out of
their Sacramento office by Ed Jensen. Tom Dewar of CRE Capital, Inc. arranged
the financing on behalf of the building 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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