Printer Friendly
The Free Library
19,607,059 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

Commercial Capital Defies Slowdown, Funds $200 Million Last 12-Months.


$23 Million Week Exceeds 500% Year over Year Growth!

ATLANTA Atlanta (ətlăn`tə, ăt–), city (1990 pop. 394,017), state capital and seat of Fulton co., NW Ga., on the Chattahoochee R. and Peachtree Creek, near the Appalachian foothills; inc. 1847.  -- Commercial Capital LLC (Logical Link Control) See "LANs" under data link protocol.

LLC - Logical Link Control
, a division of Nexus Financial Group, Inc., just crossed the $200 million mark in commercial fundings in one year. Company president Brian Peart a. 1. Active; lively; brisk; smart; - often applied to convalescents; as, she is quite peart to-day s>.
There was a tricksy girl, I wot, albeit clad in gray,
As peart 
, in a letter to branch owners, shared the exciting news this week:

"To fund $200 million in this environment in one year is truly something to be proud of. It shows the aggressiveness of our sales team and the wide range of products we can offer." Commercial Capital has 470 branches, and total fundings were up 567% from the same period a year ago. "At the current growth pace, we will be funding $80 million a month by year end and a billion dollars in 2009. That will put us in the upper echelon...one of the top 5 commercial lenders Whilst nearly all lenders offer loans on a commercial basis the term commercial lender has differed meanings around the world.
  • In much of the world and especially in the UK, the phrase commercial lender
 in the US."

Peart made waves 2 months ago by calling a market bottom and saying there would be no recession this year. So far, the data is confirming that call. Meanwhile, his company continues to gain market share and is quickly becoming a major player in commercial real estate. "Not all companies are doom and gloom doom and gloom
n.
Gloom and doom.



doom-and-gloom adj.
," Peart said. "Our growth shows that if you have good loan products, at good pricing, and solve problems in the marketplace you can still thrive!" Mr. Peart can be reached at nexusfinance@mindspring.com or by calling 866-355-1244.
COPYRIGHT 2008 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2008 Gale, Cengage Learning. All rights reserved.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Date:May 12, 2008
Words:232
Previous Article:Alliance Laundry Holdings LLC Reports 1st Quarter 2008 Earnings.
Next Article:Walgreens Health Initiatives Reports Negative Drug Trend for Highly Managed Plans.



Related Articles
NBTY to acquire Rexall? Why NBTY may or may not be in the running to purchase Rexall. (Word from Wall Street).
Firm's $200m securitization creates a win-win situation.
Top execs find market high is infectious.
EFG-Hermes partners with KB Asset Management to provide investors in South Korea with access to MENA Markets.

Terms of use | Copyright © 2012 Farlex, Inc. | Feedback | For webmasters | Submit articles