Commercial Real Estate Loans & Investment Sales

Are Commercial Real Estate Loans Hurting Banks?

Article By Sue Kirchhoff Via USA Today

Commercial real estate has surged after several down years.  But it's worrying federal officials, who note many banks are carrying a heavier concentration of real estate loans today than they did during a heady 1980s boom — a boom that ended in a bust, forcing many lenders out of business.

Nationally, in the mid-'90s, 15%-20% of federally insured banks had what regulators consider a heavy load of commercial real estate loans. In 2005, it was 40%, the FDIC says.

Tightening Loan Standards
Determined to avoid a reprise of the 1980s, regulators are tightening standards for commercial real estate lending. While such loans are generally performing well and bank profits are healthy, Bies and other officials warn that the industry is entering a time in which problems are most likely to crop up. Interest rates are rising and a wave of just-completed office, condo and other buildings are coming to market, which could affect rents and prices.

Construction Picking Up
Commercial real estate slowed several years ago but has been coming back. U.S. office vacancy rates, now the lowest since the 2001 recession, will average 11% by the end of 2006. That's down from more than 14% in 2005.

Taking Account of Risks
Overbuilding can force down rents. Rising interest rates may make it more difficult to sell a property or complete a project. Foreign capital and pension funds chasing investment properties, along with banks competing for business, may push prices too high and erode lending standards in some areas.

View full article >

For more information on commercial real estate loans from Pacific Security Capital, visit www.pacificsecuritycapital.com or call 1-800-844-6085.

Is The Commercial Real Estate Industry Too Hot?

Like many cities across the nation, Portland's lending industry was hot during 2005.  Federal officials are now worried that the heat may be too high.

Federal officials warn that institutions with high concentrations of commercial real estate loans will be susceptible to the risk of market volatility.  Despite industry caution, Portland-area banks and developers continue to be optimistic about the forecast for commercial real estate in 2006.

View "Lending market still cooking for commercial real estate" in the Portland Business Journal.

For more information on commercial real estate loans from Pacific Security Capital, visit www.pacificsecuritycapital.com or call 1-800-844-6085.

Guidelines May Change for Commercial Lending

Article By Jim Freer Via South Florida Business Journal

Federal regulators are moving toward their potentially final review of proposed guidelines that may restrict some banks' commercial real estate lending.

The Federal Deposit Insurance Corp. and three other regulators were scheduled to take comments on the proposal through April 13.

On April 11, FDIC spokesman David Barr said he had not heard any discussion that the agencies might extend the comment period. Regulators probably will issue final guidelines this year, but do not have a timetable, he added.

As of April 11, the FDIC's Web site had posted 721 letters from bankers, including 234 from Florida with 35 from South Florida. Most asked regulators not to set caps on commercial real estate lending for their industry or any bank, and that regulators impose new lending standards only on banks where they find problems.

Read full article >

For more information on commercial real estate loans from Pacific Security Capital, visit http://www.pacificsecuritycapital.com or call 1-800-844-6085.

Pacific Security Capital Promotes CFO, Dan Ferris, To Chief Operating Officer

Beaverton, OR, April 6, 2006 — http://www.pacificsecuritycapital.com - Pacific Security Capital, a vertically integrated real estate services company, today announced the promotion of CFO, Dan Ferris, to Chief Operating Officer.

Ferris will assume both roles, CFO and COO, and will be responsible for overseeing the operations of Pacific Security Capital’s core business units:

• Advisory Services
• Capital Markets Services
• Development Services
• Investment Sales/Asset Management

“Dan Ferris has been an integral part of our success,” said Mark Rockwell, CEO of Pacific Security Capital, “his tenured financial operations background makes him the perfect candidate for assuming both the CFO and COO roles.”

Ferris joined Pacific Security Capital in late 2004 as the Chief Financial Officer (CFO). Ferris previously held senior finance positions for companies such as Harsch Investment Properties, Trammell Crow, and Catellus Development Corporation.

In addition to holding his CPA designation, Ferris has a B.S. in Accountancy from the University of Illinois and is a member of the AICPA.

“This is a very exciting time for Pacific Security Capital,” said Ferris. “We have structured our comprehensive service offerings to provide our clients a competitive advantage in their markets. The expertise of our seasoned team allows us to apply several varying skill sets to our client’s real estate needs.”

To learn more about Pacific Security Capital’s core areas of expertise in Advisory Services, Capital Markets, Development Services and Investment Sales, please visit www.PacificSecurityCapital.com or call 1-800-844-6085.

Regulators Scrutinize Commercial Real Estate Lending

Speculators believe that commercial real estate lending can expect to come under further scrutiny from federal bank regulators.

The implication for commercial property developers is not a positive one. Many developers may struggle to find funding if regulators begin to limit the projects that commercial real estate lenders add to their portfolios.

Federal bank regulators fear that banks that partake heavily in construction lending may be threatened by a downturn in the real estate market.

Florida, which is becoming a hot market for commercial real estate development, is one of the US states facing more stringent monitoring. A proposal issued this month will likely lead to increased monitoring of 11 of South Florida's 20 largest banks later this year.

For more information on commercial real estate loans, visit www.pacificsecuritycapital.com or call 1-800-844-6085.

Commercial Real Estate Lender - Pacific Security Capital - Provides $8.3 Million Industrial Property Loan

Beaverton, OR, October 11, 2005 –- http://www.pacificsecuritycapital.com – Pacific Security Capital (“PSC”), a leading commercial real estate lender, announced today that it has provided an $8.3 Million industrial property loan to a local Portland-area property developer.

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%.


For more information on commercial loans please contact commercial real estate lender Pacific Security Capital at www.pacificsecuritycapital.com or call 1-800-844-6085

Commercial Real Estate Investment Bank Overviews How to Choose a Capital Provider and Navigate Commercial Capital Markets

Beaverton, OR, August 23, 2005 -- http://www.pacificsecuritycapital.com -- Pacific Security Capital (“PSC”), a leading commercial real estate investment bank, headquartered in Beaverton, Oregon, explains how to best navigate the commercial capital market to choose a capital provider.

Financing a commercial real estate transaction is no longer a simple matter. Now, there are many considerations that must be evaluated when selecting a capital provider.

Mike Myatt, executive managing director with Pacific Security Capital, explains that “in order to increase project velocity, improve operating efficiency, conserve internal capital, increase leverage and lower the overall cost of capital, it is essential that a sponsor develop an integrated capital formation strategy surrounding acquisition/refinance/development initiatives.”

Among the many things those commercial real estate borrowers in today’s marketplace need to address when seeking capital are:
- The selection of the appropriate capital provider;
- Level(s) of the capital structure to be addressed;
- Operating considerations;
- Control provisions;
- Rate, term, pricing and structure;
- Closing time frame;
- Third party requirements;
- Certainty of execution;
- Recourse provisions;
- Exit and pre-payment options;
- Inter-creditor or other multi-party agreements;
- Post closing servicing issues;
- The effect of the capital acquired on tax, balance sheet, future projects or portfolio considerations, and;
- A whole host of other value-added considerations.

The first thing that borrowers must understand is that all capital providers are not created equal. There is a definite hierarchy within the world of capital providers and understanding the value-ads offered by different capital providers is important in choosing a relationship.

Myatt adds that “while many borrowers believe financing to simply be a commoditized offering, the selection of a capital provider, should take into account far more than rate and term considerations. In choosing a capital provider, the goal of any borrower should be to develop a close relationship with the firm that can provide not only the broadest access to capital, but more importantly a firm that offers best-in-class subject matter expertise, certainty of execution and as many value-added benefits and services as possible. Capital providers can most easily be broken-down into three groups:

Direct Lenders – Those that lend their own funds
- Commercial real estate investment banks
- International, national, regional and local banks
- Life Insurance Companies
- Agencies (Fannie, Freddie, FHA)
- Pension Plans
- Real Estate Investment Trusts (REIT)
- Mutual Funds, Hedge Funds, Opportunity Funds
- Credit Companies
- Private Lenders

Indirect Lenders – Those that place funds on behalf of others
- Financial Intermediaries
- Investment Advisors
- Syndicators
- Mortgage Bankers
- Mortgage Brokers

Hybrid Lenders – Those that do both of the above
- Certain Investment Banks
- Certain Investment Advisors
- Certain Banks
- Certain Credit Companies
- Certain Financial Intermediaries

Once a borrower has selected the appropriate capital provider, it is essential that the capital provider be engaged as early on, and at as high a level as possible. Experienced sponsors realize the benefit of getting their capital provider involved early on in the planning process. Waiting too long to involve your lender will typically lead to a project built with less leverage and at a higher cost of funds. By including your capital provider in the beginning of the project planning process you will end-up with a project plan that is built around optimizing capital formation leading to greater project profitability.

Effectively utilizing the entire capital structure, to maximize leverage while achieving the lowest blended cost of funds and isolating risk, is essential to the creation of a solid capital formation strategy. In general, the farther you move up the leverage curve utilizing more leverage in the senior position the lower the overall cost of funds will be. Conversely, the deeper you move down the capital stack utilizing mezzanine or equity instruments the more expensive the cost of capital.

Selecting the appropriate capital provider and engaging them properly will aid in the streamlining of the borrowing process. If borrowers will focus on capital formation as a priority at the early stages of project planning the likelihood of increasing profits in a risk managed environment is high.

For more information about Pacific Security Capital commercial real estate investment bank, please visit www.pacificsecuritycapital.com or call 1-800-844-6085.

Commercial Real Estate Loans and the Impact of Rising Interest Rates on Commercial Real Estate

Pacific Security Capital, a leading commercial real estate investment bank, addresses the impact of rising interest rates on commercial real estate loans.

Beaverton, OR August 1, 2005 -- http://www.pacificsecuritycapital.com -- Pacific Security Capital (“PSC”), a leading commercial real estate investment bank, headquartered in Beaverton, Oregon, addresses the impact rising interest rates could have on commercial real estate loans and the commercial real estate market overall.

There has been no shortage of conversation surrounding the topic of rising interest rates in the commercial capital markets over the last two years. Mike Myatt, Executive Managing Director of Pacific Security Capital explains that “the reason for all the column fodder is that interest rate movement has a direct impact on the state of capital markets supply and pricing and can have a very real impact on the overall commercial real estate market.”

As a baseline for a deeper analysis it is useful to have a macro-economic understanding of what happens to property level supply and demand drivers and the resultant impact on Net Operating Income (NOI) in a rising interest rate environment. As a general economic principal when interest rates rise the cost of new construction increases thereby slowing the number of construction starts and depleting new supply of product coming online. This scenario in turn causes an increase in overall market absorption rates and creates a “landlord’s market” environment.

Myatt adds that “the environment which favors the landlord creates an opportunity for property owners to increase rents thereby allowing NOI growth to keep pace with any escalation in interest rates. While this scenario is favorable to existing property owners and making the rise in interest rates less of a concern, the impact to developers and tenants is detrimental and can have a negative overall impact on the economy if a high interest rate environment lasts for any length of time.”

At a more micro level some of the major issues surrounding the impact of increasing interest rates on commercial real estate loans and commercial capital markets are addressed below:

Flow of Funds: In a low interest rate environment real estate provides a reasonable investment alternative to other low yielding asset classes. With rising interest rates the supply-side availability of capital marked for commercial real estate will constrict. The aforementioned contraction will be due to a combination of reduced demand for new supply as weaker developers are weeded out of the market and alternate investment opportunities in other asset classes begin providing a better yield while being perceived to have less risk when contrasted to commercial real estate investments.

Loan Pricing, Sizing and Cost of Funds: The overall blended cost of capital will increase dramatically. This dramatic increase will come not only as a result of rising rates across underlying indices but moreover as a result of lower advance rates in the senior position shifting a higher percentage of the capital structure up in the leverage curve. The reduction in LTV and LTC advance rates will cause a borrower to rely more heavily on mezzanine and equity financing resulting in shift from the current “borrower’s market” climate to a “investor’s market” environment.

Investment Sales: Sales of investment grade properties will slow rapidly as many of the buyer’s in today’s low interest rate environment will move to the sidelines. Institutions and REITS will remain active buyers while many of the individual investors will be forced from the investment sales market. Default rates will climb and more distressed property will come onto the market as investors who leveraged up on floating rate debt during the low interest rate environment will have a hard time keeping control of property as their debt service obligations increase.

Commercial real estate owners who believe that interest rates will rise substantially and will remain elevated for any period of time should be looking to refinance short-term commercial real estate loans, floating rate debt with long-term fixed rate debt. Buyers looking to acquire investment property should look for assets with upside potential for NOI growth through improved management and upside pop in leasing opportunities.

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 North American and Europe.

For information about Pacific Security Capital commercial real estate loans contact us at 1-800-844-6085.

Drowning in Data

Article by Parke Chapman Via National Real Estate Investor

Commercial real estate is swimming in data, thanks chiefly to the decade-long rise of public REITs and the growth of the commercial mortgage-backed securities (CMBS) markets. As a result, legions of analysts and data gatherers now provide a steady flow of information about occupancies, asking rents, sales per square foot, and so on — for all markets and classes of commercial real estate.

The idea is simple: reliable data and research lures capital since it gives money managers and others a complete picture of what they're buying. The word for this is transparency.

Full article >

For information about commercial real estate loans, contact Pacific Security Capital at 1-800-844-6085.

City-Building in Phoenix

Article from Retail Traffic:

The gold rush is on. Developers are racing to build new residential and commercial projects to meet what is expected to be a doubling in the region's population in the next 15 years. But they aren't plowing ahead blindly. Instead, the term "city-building" gets thrown out a lot. Developers in different disciplines are working together. The result is that Phoenix's growth will be through construction of a dozens of master-planned communities spreading West and North of downtown.

Westcor, which has long made Phoenix its home, is positioned at the heart of the growth and has its hands in nine projects around the city. The company has more than 2,000 acres of commercial development slated around Phoenix. David Scholl, senior vice president of development for Westcor, offered the development of the Irvine Ranch in Calif., into a city that now houses 170,000 residents, as a loose example for what Westcor is looking to achieve. But even that's not a perfect fit since the ranch covers 120,000 acres.

For information about commercial real estate finance, contact Pacific Security Capital at 1-800-844-6085.

How Corporations Can Use Real Estate To Access Untapped Capital

Most corporations of any size and scale have large investments in the land and facilities necessary for the successful operation of their business. While making corporate investments into real estate assets may seem to be a reasonable strategy at first glance, they are rarely investment or capital driven decisions, but rather operating decisions that in retrospect usually fail to maximize the leverage and value of their land and facilities beyond what is typically provided for within traditional ownership and financing structures.   

When an operating business finds itself in need of low cost capital their corporate real estate assets should be evaluated as a source of readily accessible quality capital. While a number of financially engineered solutions are available to maximize corporate real estate assets the most commonly used structures center around Sale Leaseback transactions. Sale Leaseback transactions are popular solutions for the following reasons: 

Improved Financial Statements: By moving corporate real estate assets “Off-Balance Sheet” financing solutions are engineered that create no mortgage or other indebtedness to be carried as debt on your company's balance sheet. The immediate boost in cash without offsetting debt can improve the overall financial health of a business. Book income typically increases in the transaction's early years, with rent payments less than the interest and depreciation under conventional financing. With our solutions, the book value of company assets is effectively understated — enhancing your company's Return on Assets (ROA).   

Financial Flexibility: Corporate real estate transactions are not bound by formalized loan industry or REIT requirements, giving lenders flexibility to meet the operating needs of your business. Rents can be fixed for the full lease term without inflation adjustments or any percentage rent. Rents can also be stepped to be lower in the early years or reset periodically to take advantage of improved credit, interest rates and other conditions. We can also address unexpected financial and business contingencies.   

Operational Control:  Most lenders offer programs that will allow you to retain complete operational control of the property for as long as it is required in your business. 

Low After-Tax Cost:   The lease payment under a sale leaseback structure is fully deductible over the lease term, making the after-tax cost to your company less than with alternative forms of asset-based financing and less than the market rent you would typically pay. For federal income tax purposes, a company can only depreciate buildings and other physical improvements, but not land. Most sale leaseback solutions factor the value of the land into the rent. The rent is fully deductible, effectively enabling you to depreciate the cost of the land. 

Credit Tenant Property Can Provide Similar Financial Benefits To the Issuance of Corporate Bonds:  If a business is deemed to be a credit tenant or its financial equivalent its corporate real estate assets can be effectively be used to secure management-free cash flow with exceptional liquidity and high leveragability performing like corporate bonds while preserving the benefits that real property offers. Because of the secure character of credit tenant property investments, properties can be leveraged far more highly than traditional real estate.  Based on the lease guarantee by the tenant, non-recourse financing may be arranged with a 1.0 debt coverage ratio, llowing for financing Up to 100% loan to value.   Income from an investment grade tenant over the length of a multi-year lease offers reliable returns comparable to those of corporate bonds.  Credit tenant leases are usually written for terms ranging from 10 to 25 years.  Lengthy terms eliminate concern about tenantturnover normally associated with real estate ownership.

Near-Zero Volatility : Many of the corporate real estate programs today offer fixed rent structures providing full inflation protection. Because the key value determinant of credit tenant property is the long-term corporate guarantee, this asset does not experience the cycles affecting other real estate markets.  Long-term, highly leverage financing removes interest rate risk and minimizes pricing volatility.  Circumstances affecting traditional real estate, such as changes to surrounding property, local politics and market swings have little impact on credit tenant property values.   

Liquidity: The long-term corporate guarantee of rental income and expense coverage combined with the tenant-based financing enable corporate real estate assets to be traded with exceptional liquidity not typically associated with real property. Most lenders will allow businesses to convert existing fixed real estate assets into cash at fair market value at what may be a premium over book value. Funding can also be used for new construction including the cost of the land acquisition. Proper use of corporate real estate as a financing tool will eliminate the need for a business to tie up capital or credit in land or buildings.

A wide variety of sale leaseback structures are available from lenders who have a practice area dedicated to corporate real estate finance. When developing your capital formation strategy make sure you evaluate corporate real estate assets as a viable vehicle for accomplishing your goals.

Mike Myatt is Executive Managing Director of Pacific Security Capital, a leading commercial real estate investment banking firm providing commercial real estate loans, structured finance, investment sales and advisory services. Contact Pacific Security Capital at 1-800-844-6085

Tags: commercial real estate loans, sale leaseback transactions, corporate real estate 

The Rise In Interest Only Loans

Article by Parke Chapman Via National Real Estate Investor

For those sniffing out possible troubles ahead for commercial real estate, add this one: The huge growth in interest-only (IO) loans over the past three years. As of January 1, 55.8% of all fixed-rate conduit loans featured IO periods—up from 5.9% at the beginning of 2002. And 35.6% of these loans are IO for the full term, according to an analysis by Moody’s Investors Service.

Full article >

For information about commercial real estate loans, contact Pacific Security Capital at 1-800-844-6085.

Why CMBS loans make sense for borrowers

It has been our experience that many borrowers tend to shy away from the CMBS markets do to what amounts to a general lack of understanding of the conduit world.

Without a doubt conduit financing provides the best pricing available in the market for permanent loans and can also climb the leverage curve in an aggressive fashion.

There is also a misconception that CMBS financing involves a higher degree of complexity and therefore is more difficult to work through the closing process. At Pacific Security Capital we close transactions in the agency, life company, and CMBS world and of the three, we believe there is more certainty of execution with less complexity in the conduit world than either of the other two arenas.

The only real issue that could surface as a complicating factor is dealing with operating issues that run afoul of loan covenants post securitization as dealing with the sub-servicer or master-servicer can at times provide some difficulty. However, the key to navigating the CMBS world is in understanding the process going in so that you can manage your transactional risk.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

Start the project planning process by including your commercial real estate lender

Experienced sponsors realize the benefit of getting their commercial real estate lender involved early on in the planning process. Waiting too long to invlove your lender will typically lead to a project built with less leverage and at a higher cost of funds.

By including your lender in the beginning of the project planning process you will end-up with a project plan that is built around optimizing capital formation leading to greater project profitability.

While architectural and engineering input are critical to a project's success, designing a project to secure the attention of the capital markets is even more critical.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

How to leverage commercial mortgage brokers in the capital formation process

As a direct lender, Pacific Security Capital is often contacted by commercial mortgage brokers to provide commercial real estate loans or structured financing for their client's projects.

Reputable commercial mortgage brokers can provide borrowers with an entree to lenders that they may not have otherwise had access to thereby broadening the borrower's ability to expand their lender network.

A good commercial mortgage broker can not only provide access to lenders, but should also add-value to the transactional process as well. "We have spent a great deal of time creating a nationwide indirect channel consisting of commercial mortgage bankers and mortgage brokers," said Mike Myatt, executive managing director of Pacific Security Capital. "We have found that mortgage brokers and mortgage bankers can provide us with consistent deal flow from quality sponsors that may not have found us on their own," said Myatt.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

How to gain a competitive buying advantage with the appropriate use of commercial real estate financing

With institutional investors, TIC Sponsors, REIT's and foreign investors all paying top dollar for commercial properties it is becoming more difficult for the average commercial real estate sponsor to acquire income producing property at reasonable prices.

One method of insuring that your acquisitions have upside to them is to find a commercial real estate lender who can provide acquisition financing on non-stabilized properties. This will allow you to look for repositioning opportunities that allow you to acquire properties at a discount due to either poor operating history and/or poor current performance. Once the property is acquired you can improve the operating performance of the property and then sell it at a premium to the institutional buyers mentioned above.

While a repositioning strategy affords substantial profit opportunities for the sponsor it all begins with identifying a lender who can provide a short term, high leverage bridge loan that will allow a non-stabilized property to be acquired and repositioned in a cost effective manner.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

Spreads on Commercial Real Estate Loans Continue to Narrow

Current market conditions are causing spreads on commercial real estate loans to narrow. We are currently seeing pricing that we have not experienced in recent times. Spreads on low leverage loans can be priced as thin as 55 over the 10 year treasury with market leverage loans as thin as 85 over the 10 year.

This type of pricing can provide borrowers with greater cash flow and and can be the needed difference in pulling sponsors off the sidelines on refinances that have been on hold.

Not only is pricing of spreads getting tighter, but lenders are also moving up the leverage curve using various structured financing scenarios to compete more favorably on suitable transactions. It is not uncommon to see many lenders moving up the curve in excess of 90% CLTV in today's market.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

Filed under: structured finance, commercial loans

Providing Commercial Real Estate Financing for TIC Sponsors

We are often asked if we can add value to TIC ("Tenants In Common") Sponsors who are seeking to leverage their real estate investments. The answer is quite simply yes...

Most TIC Sponsors require low to moderate leverage commercial real estate loans to complete their acquisition of commercial real estate investments. Commercial Real Estate Lenders not familiar with working with TIC Sponsors have issues with the number of TIC investors on title, as well as the fact that these investors can trade in and out of the asset being financed. This fact pattern causes many lenders not to work with TIC Sponsors, or if they do lend to them they do so with wide spreads and complicated legal documention that leads to poor execution and higher cost debt.

We are able to provide TIC Sponsors with competitive spreads, streamlined documentation and superior execution on loans with up to 35 TIC investors on title.

For more information on loans for TIC Sponsors, please contact a loan officer at 800-844-6085 or visit our website at www.PacificSecurityCapital.com

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

Commercial Real Estate Loans Provider Pacific Security Capital launches PacificElite

Debuts Commercial Real Estate Industry's First Preferred Borrower Program

Beaverton, OR - Pacific Security Capital ("PSC"), a leading provider of commercial real estate loans, structured finance and advisory services announced today that it has pioneered the commercial real estate industry's first preferred borrower program by launching PacificEliteTM.

PacificEliteTM is a client loyalty program designed to reward borrowers who place substantial amounts of transactional volume with Pacific Security Capital by providing them with the most elegant selection of awards ever put together.

"Trust me when I say that we're giving away more than a toaster", said Mike Myatt, executive managing director of Pacific Security Capital. "Our clients are made up of some of the most sophisticated and elite sponsors in the commercial real estate  industry and for the program to be of any interest we had to create something very special that hasn't been done before."

Some of the awards available to PacificEliteTM members include fractional interests in Lear Jets and Yachts, Adventure Vacations, Luxury Automobiles, trips to the Masters, Wimbledon and the Super Bowl, Rolex watches and more.

To receive awards commercial real estate borrowers need to apply for PacificEliteTM membership and then each time they close a financing transaction with Pacific Security Capital they receive points that qualify them for different award levels.

"We felt is was high time somebody in our industry did something more than just talk about how much they appreciate business given to them so we decided to put our money where our mouth is. PacificEliteTM is just another example of our intention to maintain our industry leading reputation for providing red carpet client service and satisfaction", said Myatt.

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085

Tags: commercial loans, commercial real estate, loans

About Pacific Security Capital

Pacific Security Capital provides commercial real estate loans, structured finance and advisory services for commercial real estate projects in the United States and most parts of Canada. As a leading commercial real estate investment bank, Pacific Security Capital offers superior service and performance in the structuring and origination of all your commercial real estate capital needs. Whether you're seeking commercial real estate loans, equity financing or advisory services, Pacific Security Capital's ability to serve as a direct lender, intermediary or a provider of professional services allows sponsors the broadest possible array of financing and advisory solutions. Pacific Security Capital provides funding and advisory services for both single asset and portfolio transactions.

Types of loan structures include: Permanent Debt; Construction Debt; Structured Financing; Bridge/Interim Financing; Equity Investments, and; Mezzanine Debt. 

Authored by Mike Myatt
Executive Managing Director of Pacific Security Capital
Contact Pacific Security Capital today 1-800-844-6085