Pacific Security Capital Names Texas Correspondent to Serve the Local Commercial Real Estate Market
By appointing an exclusive correspondent to cover the Texas Commercial Real Estate Market, Pacific Security Capital reinforces their commitment to providing borrowers with the broadest array of Commercial Real Estate financing alternatives available.
(PRWEB) March 12, 2004 -- http://www.PacificSecurityCapital.com - Leading commercial real estate investment bank, Pacific Security Capital, announces the expansion of its commitment to the Texas commercial real estate market by appointing an exclusive correspondent to serve as its local market partner. Pacific Security Capital named Old Capital Partners as its exclusive correspondent covering the Texas market providing Pacific Security Capital with its sixth office nationwide. "The ability to have a local physical presence in Texas by aligning ourselves with a quality market partner like Old Capital Partners is a win for all concerned parties," said Mike Myatt, President of Pacific Security Capital.
Pacific Security Capital will now offer the following services in Texas only through its new exclusive correspondent:
- Acquisition, Development and Construction Loans;
- Bridge Loans and Interim Financing;
- Permanent Financing for Acquisition, Renovation or Refinance;
- Small Balance Commercial Loans, and;
- Mezzanine Loans, Preferred Equity and other Structured Financing.
We are very excited to align with a partner such as Pacific Security Capital, and the combined products we offer to the marketplace will separate us from other lending institutions, and allow us to offer our clients more financing options." says Principal Don McClain. Through Pacific Security Capitals national platform, the office will also originate direct investments (bridge/interim loans, mezzanine debt, structured finance, and equity) from their balance sheet. "As a commercial real estate investment bank the ability to serve clients as both a direct lender and intermediary provides borrowers with the broadest possible array of financing alternatives, said Myatt".
Through their exclusive partnership with Old Capital Partners, Pacific Security Capital reinforces their commitment to provide the Texas Commercial Real Estate market with superior quality Commercial Real Estate Lending.
About Pacific Security Capital
Pacific Security Capital provides debt, equity and hybrid capital for the acquisition, development, construction, renovation, bridge, mezzanine, and permanent financing of commercial real estate projects requiring more than $1MM in financing. Pacific Security Capital is headquartered in Portland, Oregon with other offices in Seattle, LA, Chicago, Houston and New York. More information about the company can be found at http://www.PacificSecurityCapital.com .
For information about Pacific Security Capital visit: http://www.PacificSecurityCapital.com or contact Mike Myatt at mikem@PacificSecurityCapital.com
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