Commercial Real Estate Agent Panel at IPL Conference – Video
GO HERE TO SEE VIDEO
Lee Black
Laurie Lustig-Bower
Chris Maling
Brad Luster
Alan Reay
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Parkview Financial Lends on Spec Homes – FAST!
Parkview just funded a $1,200,000 construction loan for a new custom home in Malibu, California. Despite the borrower’s excellent credit and past experience, no bank wanted to lend for the construction of a spec home in Malibu. Parkview was able to provide the entire funding at the rate of 11% and 5 points and was able to close quickly.
For more information, contact Paul Rahimian (310) 996-8999 or rahimian@usa.net
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Commerce National Bank Refinanced $1,250,000 Industrial Property
Commerce National Bank (CNB) recently closed on a Refinance of an Owner-Occupied Industrial Building in the Spectrum area of Irvine, Ca.
On The transaction was a cash out refinance. The loan amount was $1,250,000. Although CNB is primarily an Owner-Occupied Lender, and will entertain inquiries for Investor transactions.
For more information contact; Paul L. Sandoval at 949-870-4419 or psandoval@commercenatbank.com
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NAI Capital’s Timothy P. Foutz and Fred Ferro Close Deal in Newbury Park, CA
NAI Capital’s Fred Ferro with the Ventura County office and Timothy P. Foutz , with the Encino office, represented the Seller, C-F Investment Company, in the sale of a 53,650 SF industrial property located at 2651 Lavery Court to the Buyer, Martin W. Foreman. The value of the sales transaction was over $3.8 million. The value of the transaction was not disclosed.
“We were fortunate that both parties involved in the sale were motivated to close the deal quickly in order to renovate the building for tenants who are currently looking for cost effective space in the local submarket” Ferro said.
Although historically used for research & development purposes, the building’s high ceilings, rear storage yard, abundant loading doors and divisibility were features that made it attractive to the Buyer and for many traditional industrial tenants.
Among the buildings’ many other features are 1,800 amps of well distributed power in the front half of the building, a 10,000 SF clean room and 4,600 SF of office mezzanine. The building is surrounded by many Fortune 500 companies such as Amgen, Baxter, Teledyne, BMW and many other notable firms.
For More information:
Sharon M. Fitzgerald, Public Relations Manager – (818) 742 – 1655 – sfitzgerald@naicapital.com
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24/7 Hotels New Hire: Craig Sullivan – Vice President, Business Development
Craig Sullivan is the newest member of Twenty Four Seven Hotel’s corporate team in the newly created role as Vice President of Business Development. Craig lives in Newport Beach and will operate out of the corporate office.
Craig joins 24/7 leaving behind a very successful career spanning 39 years in the commercial real estate industry having closed nearly $18 Billion in hospitality title insurance transactions over the past 15 years. As Vice President of Business Development Craig will leverage his multitude of long standing hotel industry relationships to grow the management portfolio. He will define and lead a growth strategy aimed at sourcing, negotiating and closing new management opportunities . Additionally, Craig will champion an ongoing marketing strategy targeting hotel owners in need of a management company through email campaigns, print advertising, public relations, and social media. Craig’s unique interpersonal talents, vast network and deep understanding of the hospitality industry makes him a valuable asset to add to the team!
Craig Sullivan – contact info:
Direct: (949) 734-6411
Mobile: (949) 566-1706
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