CapitalThinking Wins Prestigious Industry Leadership Award.Business/Technology Editors NEW YORK--(BUSINESS WIRE)--June 27, 2000 Leading Web-based Commercial Mortgage Company Recognized For "Best Use of the Internet in Commercial Lending" at RealComm 2000 Conference in Dallas In Latest Transaction, CapitalThinking Completes $1.9 Million Financing For Maryland Industrial Property CapitalThinking Inc. was awarded the Commercial Real Estate Digital Media "Digie" Award for best use of the Internet in commercial lending at last week's RealComm 2000 conference in Dallas, Texas “Dallas” redirects here. For other uses, see Dallas (disambiguation). The City of Dallas (pronounced [ˈdæl.əs] or [ˈdæl. . The "Digie" Awards recognize high-technology leaders in the commercial real estate industry. This year, awards were presented to individuals or organizations in three categories: greatest impact on the industry; most innovative technology; and best use of the Internet and multimedia. The coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. "Best Use of the Internet in Commercial Lending" award is part of the latter category. Nominees for "Digie" Awards in the Internet category were judged on web site design, content, progressiveness, technological performance and search engine results. "We're very proud to receive this award at such an important industry event." said Heather Shively, CapitalThinking's Co-founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "We have long maintained that our combined team of technology experts and real estate finance professionals are creating the defining technology platform for this industry, which is in dire need of a standardized Internet solution. This award affirms our ability to provide our clients with the service they need." "Commercial real estate is incredibly complex, involving a staggering amount of information. Real estate professionals who embrace digital technology are going to operate much more efficiently than competitors being held back by paper-based practices of the old economy," commented Jim Young This article is about the Canadian football player. For other uses, see Jim Young (disambiguation). James Norman "Dirty Thirty" Young (born June 6, 1943 in Hamilton, Ontario)[1] is a former professional American football and Canadian football player. , RealComm 2000 co-producer. CapitalThinking is the only online commercial mortgage marketplace providing complete e-finance solutions to the U.S. commercial real estate mortgage industry. A twenty-member in-house technology group has worked for the past year with CapitalThinking's industry-leading team of real estate professionals to improve the commercial real estate finance process. Also reflecting the firm's momentum, CapitalThinking today announced the completion of its latest transaction, a $1.9 million financing for a 90,000-square-foot industrial building located in Jessup, Maryland Jessup (pronounced JESS-up) is an unincorporated town and census-designated place in Howard County, Maryland and Anne Arundel County, Maryland. The population was 7,865 at the 2000 census. The center of population of Maryland is located in Jessup [1]. . BJF BJF Batch Job Foreground BJF Bellingham Juggling Festival (Bellingham, WA) II Realty, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , the borrower, is currently acquiring the property, which is being financed by Wells Fargo Wells Fargo armored carriers of bullion. [Am. Hist.: Brewer Dictionary, 1147] See : Protectiveness Wells Fargo company that handled express service to western states; often robbed. [Am. Hist. Inc. The transaction was processed through the CapitalThinking web site and facilitated by Craig Picket, Director of Real Estate Capital Markets at CapitalThinking. In this latest transaction, CapitalThinking used its innovative technology to customize all required loan documentation in Wells Fargo's proprietary format, perform preliminary underwriting, and use the Internet to manage information flow to all parties throughout the loan closing process. "CapitalThinking brought us a clean transaction, delivering a palatable document package that simplified our final lending decision," said Jeff Armstrong, Senior Underwriter, Wells Fargo. "Overall, this transaction went smoothly from start to finish, and we're eager to participate further as CapitalThinking builds the future of commercial real estate finance." "Each closed deal provides a new validation of our unique business model," Ms. Shively said. "Commercial real estate finance and investment professionals have discovered the value CapitalThinking brings to the table." About CapitalThinking CapitalThinking is an online commercial mortgage marketplace providing complete e-finance solutions to the $250 billion U.S. commercial real estate mortgage industry. By combining cutting-edge Internet technology with the largest group of experienced real estate professionals in the online commercial mortgage industry, CapitalThinking brings unprecedented speed and efficiency to the commercial lending process. The Company works with 25 of the nation's top lenders, including commercial banks, insurance companies and conduits. CapitalThinking recently closed a $15 million second round of venture capital financing To start an own company or to bring a new product to the market, the venture may need to attract financial funding. There are several categories of financing possibilities. If it is a small venture, then perhaps the venture can rely on family funding, loans from friends , led by Bessemer Venture Partners Bessemer Venture Partners is a private venture capital firm with offices in Silicon Valley, New York, Massachusetts, China, and India. It has backed such companies as Ciena, Flarion, Parametric Technologies, Skype, Staples, VeriSign and Veritas. and RRE RRE Red Rock Eater (News Service) RRE Road Race Engineering RRE Remote Roof Easy RRE Residential Real Estate RRE Rise-And-Run-Length Encoding RRE Royal Radar Establishment (Great Britain) Ventures. iStar Financial and ABP 1. (networking) ABP - Alternating bit protocol. 2. ABP - Microsoft Address Book Provider. Investments also committed funds. Aberdare Ventures led the company's first-round financing of $3.4 million raised in September 1999. |
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