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 Capitalís 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,Ē 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 Capitalís 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.
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Source : http://www.prweb.com/releases/2005/6/prweb247837.htm