Commercial Real Estate Investment Bank Provides $52 Million Commercial Loan - Pacific Security Capital Finances Fractional Resort in California
Pacific Security Capital, a Commercial Real Estate Investment Bank, has provided a $52 million construction loan for a fractional resort in California.
Beaverton, OR (PRWEB) June 6, 2005 -- http://www.pacificsecuritycapital.com -- Pacific Security
Capital, a leading provider of commercial real estate loans, structured finance,
investment sales and advisory services announced today that it has provided a
$52 million construction loan for a fractional resort in California.
The
commercial loan will allow Pacific Security Capital’s client to finance the
acquisition, development and construction of the project.
"The challenge
with this commercial loan was to provide a competitive pricing and sizing on a
fractional resort property, which is a more speculative asset class within a
very specialized niche,” said Michael Wenzlick, Senior Managing Director of
Pacific Security Capital.
"Working in a niche vertical within the
hospitality/resort asset class and still being able to provide such competitive
pricing and sizing is a testimony of Pacific Security Capital’s ability to
execute and add value and is precisely the reason why this sponsor chose to
engage us for a commercial loan," said Mike Myatt, Executive Managing Director
of Pacific Security Capital.
To learn more about Pacific Security
Capital or PacificEliteTM please visit www.PacificSecurityCapital.com or call
1-800-844-6085
About Pacific Security Capital
Pacific Security Capital is a leading
commercial real estate investment banking firm providing commercial real estate
loans, structured finance investment sales and advisory services. The
combination of direct lending, advisory, intermediary, corporate and
professional services, syndication and acquisition services consistently allow
PSC to rank among the leaders in the industry. PSC is headquartered in
Beaverton, Oregon with other offices in major markets in the United States and
the European Community. More information about the company can be found at www.PacificSecurityCapital.com.
# # #
Source : http://www.prweb.com/releases/2005/6/prweb247837.htm