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Pacific Security Capital Provides $8.3 Million Industrial Property Loan - Pacific Security Capital, a leading commercial real estate lender and provider of structured finance, equity financing and investment sales, provides an $8.3 Million industrial property loan to Portland property developer
Pacific Security Capital Provides $8.3 Million Industrial Property Loan

 

NewswireToday - /newswire/ - Beaverton, OR, United States, 2005/10/11 - Pacific Security Capital, a leading commercial real estate lender and provider of structured finance, equity financing and investment sales, provides an $8.3 Million industrial property loan to Portland property developer .

   
 
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The loan was collateralized by a 200,000 square foot industrial property with an office component. The building is occupied by a single non credit tenant.

“The owner was able to negotiate a lease extension which allowed them to lock down today’s low interest rates and pull some equity out of the transaction,” said Michael Wenzlick, Senior Managing Director, Pacific Security Capital. “Even though the tenant was not investment grade we were able to provide long term non recourse financing for the borrower.”

“Concurrent with the loan closing, Pacific Security Capital coordinated the defeasance of the existing loan,” said Wenzlick, “which is a form of loan prepayment that is being seen more and more in the commercial real estate financing world today.”

Defeasance is a prepayment provision that is increasingly being used by commercial real estate lenders to substitute collateral and increase the predictability of payment streams, meaning that the lender can offer the borrower a lower interest rate.

Pacific Security Capital closed the loan at the end of September and provided a ten year fixed interest rate of approximately 5.3%.

To learn more about commercial loans from Pacific Security Capital or its preferred client program, PacificElite™ please visit PacificSecurityCapital.com or call 1-800-844-6085.

About Pacific Security Capital

Pacific Security Capital (pacificsecuritycapital.com) is a leading commercial real estate lender providing commercial loans, structured finance, investment sales, equity financing and advisory services. The combination of direct lending, advisory, intermediary, corporate and professional services, syndication, investment sales and development 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 North America and Europe.

 
 
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Pacific Security Capital Provides $8.3 Million Industrial Property Loan

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Publisher Contact: Karen Sams - MisukaniSodden.com 
952-400-0234 pr[.]pacificsecuritycapital.com
 
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IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Pacific Security Capital securities in any jurisdiction including any other companies listed or named in this release.

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