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ReCap Secures Financing for Moving and Storage Giant - Real Estate Capital of America, Inc. recently secured a $8.9M loan for FlatRate Moving Systems. The company needed financing to purchase warehouse space in NJ for its growing enterprise within 45 days -- a difficult task given the small time frame
ReCap Secures Financing for Moving and Storage Giant

 

NewswireToday - /newswire/ - New York, NY, United States, 2007/07/25 - Real Estate Capital of America, Inc. recently secured a $8.9M loan for FlatRate Moving Systems. The company needed financing to purchase warehouse space in NJ for its growing enterprise within 45 days -- a difficult task given the small time frame.

   
 
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Real Estate Capital of America, Inc. (ReCap) recently helped FlatRate Moving Systems secure the financing needed to purchase a warehouse in Newark, NJ. The $8.9M loan includes additional construction and renovation financing. FlatRate Moving Systems is the largest moving company in the Northeast with sister companies in New Jersey, Washington DC, Florida, and California. It was recently announced as one of the winners of the prestigious Forbes Enterprise Award. “We are honored to assist FlatRate in this important, time-sensitive transaction,” says Tomer Dicturel, a senior executive and principal and Chief Operating Officer for Johnny Su. “FlatRate will be a true household name in no time.” Dicturel was personally involved in overseeing the entire transaction.

“We specialize in difficult loans,” states Johnny Su, another executive at ReCap, “especially those with a short time frame, credit issues, or high leverage transactions.” The loan for FlatRate Moving Systems had to be completed within 45 days. Su also says, “The client had no finance contingency, so there was no room for mistake.”

ReCap provided FlatRate Moving Systems with several options and helped analyze each one with the client. “We have a wide variety of banks, major financial institutions, hedge funds, small community banks and credit unions,” says Dicturel, “which enables us to offer the best financing options for any project.

Real Estate Capital of America, Inc. (ReCap) is a prominent finance boutique assembled by distinguished experts. The professionals at ReCap assist their customers throughout the entire loan process. Their commitment to service and excellence keep customers satisfied and referring ReCap services to their colleagues. “We work hard to provide the best financing in complicated deals,” adds Dicturel, “We succeed where others fail.”

 
 
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Written by / Agency / Source: GMAC Real Estate IPG

 
 

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ReCap Secures Financing for Moving and Storage Giant

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Publisher Contact: Sara Faura - GMACRealEstateIPG.com 
212-620-2606 sfaura[.]gmacrealestateipg.com
 
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