CRE Capital, Inc.

2682 Bishop Dr., Suite 208

San Ramon, CA 94583

925-830-2865 or fax 925-327-0240

http://www.crecapital.com

 

 

FOR IMMEDIATE RELEASE

CRE Capital, Inc. Arranges $3,400,000 Financing for Shopping Center in Lodi, CA

San Ramon, CA
March 31, 2004

CRE Capital today announced the closing of a $3,400,000 fixed rate loan on the Lakewood Mall, a 70,871 s.f. neighborhood center anchored by Apple Market. The center is located in the northeast section of Lodi, which is located in California`s Central Valley just east of San Francisco. The project is fully leased to multiple tenants. Wells Fargo is the lender and the loan was originated by their San Francisco office.

About CRE Capital

CRE Capital is a commercial mortgage banking firm formed in 1999 to bring modern business practices to the traditional business of commercial mortgage brokerage. 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 broker`s 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 RealWebFunds (now 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
925-830-2865 x 13