CapitalSource & Tremont Realty Capital Announce Business Development Alliance.Business Editors CHEVY CHASE Chevy Chase (chĕv`ē), town (1990 pop. 8,559), Montgomery co., W central Md., a residential suburb of Washington, D.C.; founded as a village, inc. 1914. , Md.--(BUSINESS WIRE)--Aug. 13, 2002 CapitalSource Finance, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a commercial finance company based in Chevy Chase, Md. that specializes in asset-based, senior and mezzanine financing Mezzanine Financing A hybrid of debt and equity financing. Mezzanine financing is typically used to finance the expansion of existing companies, and it is basically debt capital that gives the lender the rights to convert to an ownership or equity interest in the company if the , today announced a strategic alliance with Tremont Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Capital, LLC, a Boston-based real estate investment advisory firm. Under the terms of the alliance, Tremont will offer real estate borrowers access to a broad mix of financing solutions provided by CapitalSource. Today's announcement increases the reach of CapitalSource into middle market real estate transactions. CapitalSource managing director Michael Szwajkowski noted, "Our alliance with Tremont is part of CapitalSource's larger strategy to become a leading provider of highly specialized real estate financing products. It is our view that Tremont has a strong national platform consisting of a team of experienced and highly motivated professionals." Tremont executive director Richard C. Gallitto added, "As an affiliate of CapitalSource we are excited about our ability to provide real estate borrowers with direct access to capital. CapitalSource has the proven ability to rapidly respond to borrowers' needs. This alliance provides Tremont with a unique and dynamic platform from which to grow the company." Tremont transacts business nationally through a network of offices, which will be further bolstered in coming months with the addition of new offices in major markets throughout the U.S. Tremont executive director Daniel Mee emphasized, "CapitalSource is meeting the growing demand in the real estate credit markets with its ability to fund a variety of solution-focused real estate financings including higher leverage senior debt, mezzanine and special situation capital." About CapitalSource CapitalSource is a commercial finance company offering asset-based, senior and mezzanine financing ranging from $1 million to $40 million to small and mid-sized borrowers through three focused lending units: Corporate Finance, Healthcare Finance, and Structured Finance. CapitalSource has $540 million of committed equity capital and over $2.5 billion in funding capabilities. Headquartered in Chevy Chase, Md., CapitalSource has a full-service office in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and satellite offices in Boston, Dallas, 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. , New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of and Philadelphia. For more information visit www.capitalsource.com or call toll free 866-876-8723. About Tremont Realty Capital Tremont Realty Capital is a commercial real estate investment advisory firm and provider of capital solutions to commercial real estate owners and developers throughout the U.S. Tremont Realty Capital provides a broad array of products and services including construction financing, bridge financing Bridge Financing A method of financing, used by companies before their IPO, to obtain necessary cash for the maintenance of operations. Notes: These funds are usually supplied by the investment bank underwriting the new issue. , fixed rate mortgages, preferred equity, and mezzanine debt. Headquartered in Boston, Tremont Realty Capital maintains regional offices in Hartford, New York Hartford is a town in Washington County, New York, United States. It is part of the Glens Falls, New York Metropolitan Statistical Area. The population was 2,279 at the 2000 census. The Town of Hartford is centrally located in the county. , Annapolis and Chicago. For more information visit www.tremontcapital.com or call 617-439-6700 |
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