B. A. Enterprises L.L.C. Secures $50 Million for Proposed Development in Los Angeles.Business Editors LA PLACE, La.--(BUSINESS WIRE)--Feb. 5, 2002 Global venture capital consulting agency B. A. Enterprises, L.L.C. has secured A $50 million commitment for a proposed development in Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , California. Louisiana based B. A. Enterprises specializes in linking projects, ranging from commercial development to intellectual property, that require capital investment with both private and commercial investors located throughout the world. Founded in 1997, B.A. Enterprises currently maintains offices in Irvine, California Irvine is an incorporated city in Orange County, California, United States. It is a planned city, mainly developed by the Irvine Company since the 1960s. Formally incorporated on December 28 1971, the 69.7 square mile (180.5 km²) city has a population of 202,079 (as of 2007). ; Sao Paulo, Brazil; London, England; Christchurch, New Zealand New Zealand (zē`lənd), island country (2005 est. pop. 4,035,000), 104,454 sq mi (270,534 sq km), in the S Pacific Ocean, over 1,000 mi (1,600 km) SE of Australia. The capital is Wellington; the largest city and leading port is Auckland. ; Beijing, China; and Shenhe District, China. DAL Company, based in Los Angeles CA, and owned by Paul R. Luckey II (323-466-2075), recently employed the services of B. A. Enterprises to locate and secure an investor for $50 million on a project involving the acquisition and renovation of a 230 room hotel located in the Los Angeles area. Regarding his experience with B. A. Enterprises, Luckey commented that, "B. A. Enterprises was able to secure the funding that was required for our project in a timely and professional manner. Their honesty Honesty See also Righteousness, Virtuousness. Alethia ancient Greek personification of truth. [Gk. Myth.: Zimmerman, 18] Better Business Bureau nationwide system of organizations investigating dishonest business practices. [Am. provided me with a great sense of confidence. Knowing that Mr. Adams, President of B. A. Enterprises, provides his personal oversight
Oversight may refer to:
The project is currently undergoing the required due diligence Research; analysis; your homework. This term has caught on in all industries, because it sounds so "wired." Who would want to do analysis or research when they can do due diligence. See wired. investigation and review, with the ultimate closing date to be set for the near future. Upon being provided with potential rates and terms for the project, Luckey stated, "I was pleased to have something that was within industry standards. The structure was very palatable pal·at·a·ble adj. 1. Acceptable to the taste; sufficiently agreeable in flavor to be eaten. 2. Acceptable or agreeable to the mind or sensibilities: a palatable solution to the problem. ." The development is structured with a two year deferred payment and LIBOR LIBOR See: London Interbank Offered Rate LIBOR See London interbank offered rate (LIBOR). rates. "B.A. Enterprises reviews projects like this quite frequently, however, because Mr. Luckey's project was in the red, securing the ultimate equity structure was somewhat more difficult," said Adams. The vast venture capital investment resources available to B. A. Enterprises, together with the global scope and reach of its investment resource pool, sets B.A. Enterprises apart from other venture capital consulting agencies, and provides its clients with the best available prospect of actually obtaining funding for their projects and entrepreneurial endeavors. From conception to realization, B.A. Enterprises makes it possible. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion