Irvine, California (PRWeb) 8η Ιανουαρίου 2012
Business ACG and family funds (ACG), has successfully closed a bridge loan that enabled the owner (Raj Kumar) this hotel is the gateway to Yosemite National Park the chance to buy the debt of the bank from $ 1,450,000.00 to only $ 595K. The bank had the need to get this loan from their books and offer a significant discount if done by the end of the year. The borrower has realized more than a 50% debt, which makes for a great year.
The day before Thanksgiving we had pledged to help a small business owner is generally the cut by more than half. We flew from the property, Friday after Thanksgiving and began the process of underwriting and negotiation with the bank to help the borrower to take advantage of this opportunity. With so many moving parts associated with a bank note as it had guaranteed USDA, it was easy to get everyone on the same page and close by the end of the year, but on December 29 the transaction is closed. “There DPO (discount offered Proposal), as is increasingly common. Bank is finally realizing that it makes more sense to a haircut and to get loans from their books than have the loan go into default and ending with the property. We had great success, allowing borrowers to use equity to delivering discounts such as this. Although a minimum loan amount ACG is $ 3 million and up to $ 75Million, we saw this as a great opportunity to do well by doing good. .. and of course was not very far from our yard, “said Paul A. Garcia, Managing Partner of ACG companies.
Mr.
, Raj Kumar has been in the hospitality industry for over thirty years and owns more than fifteen hotels. He understands that when an opportunity like this comes around, you should be able to benefit from it and run away. “ACG was able to help me take the net operating revenues our up significantly while reducing our long-term contingent liability in half. Proved to be a great 2011 after all,” said Mr. Kumar.
ABOUT ACER Capital Group
Acer Capital Group (“ACG”) is a global holding company of Private Equity, foreign and domestic funds at the growth of capital. Our family of funds have earned a reputation as a premier supplier of value-added capital. The history of our owner, lender and / or real estate investors and securities allowed us to create an unrivaled reputation for underwriting and understanding, even the most complex transactions.
The company is headquartered in Irvine, California and maintains offices throughout the U.S. and internationally. ACG, the owner and advising banks and investment capacity, focuses on providing financing for transactions in a wide range of companies and real estate projects of all types, including but not limited to, retail, entertainment, residential, industrial, office, hospitality, land, mobile home and mixed use.
Services
include originating, evaluating, and structuring the transaction; preparing and underwriting the financing request package; assistance with negotiations and coordination of the installation process and closing. Our track completed transactions speaks volumes about our ability to execute and deliver competitive and innovative debt, mezzanine and equity.
For more information, contact Pat Thomas at 949-484-4404 or email:. pthomas (at) acgcomanies (dot) com
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