CRE Capital, Inc.

1470 Maria Lane, Suite 310

Walnut Creek, CA 94596

925-932-2522 or fax 925-932-2924

http://www.crecapital.com

 

 

FOR IMMEDIATE RELEASE

CRE Capital, Inc. Arranges $675,000 Financing for Industrial Building in Sunnyvale, CA

Walnut Creek, CA
July 16, 2004

CRE Capital today announced the closing of a $675,000 fixed rate loan on a 50,000 s.f. single story light industrial building in San Jose. The building is leased to a single credit tenant and Baltimore Life provided the financing. This is the smallest loan ever closed at CRE Capital but it was not simple transaction. The collateral was encumbered by both a master lease and sub-lease plus the lease term was much shorter than the loan term. CRE Capital was asked to find a financing solution at the request of the master lessee who is a large Silicon Valley developer. In spite of the size and complexity, CRE Capital was able to find a lender who could offer the terms the borrower and master lessee required at a great rate.

About CRE Capital


CRE Capital was formed to bring modern business practices to a traditional commercial mortgage brokerage company. 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.

For More Information Contact:

Tom Dewar
tdewar@crecapital.com
925-932-2522 x 13