CyberLoan.com Engages Broadmark Capital Corp. As Investment Banker.Business Editors DENVER--(BUSINESS WIRE)--March 24, 2000 CyberLoan.com, the Denver-based developer of business-to-business enabling technologies for the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. market, today announced that it has signed an agreement with Broadmark Capital Corp., a full-service investment banking firm. Broadmark will provide advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal to CyberLoan.com for corporate strategy development and equity financing Equity Financing The act of raising money for company activities by selling common or preferred stock to individual or institutional investors. In return for the money paid, shareholders receive ownership interests in the corporation. of $8 million. CyberLoan.com (formerly DataMerge, Inc.) develops web-based, fully automated loan application, processing, underwriting, and closing systems for a number of segments of the lending market, including commercial real estate, manufactured housing Manufactured housing (also known as prefab housing) is a type of housing unit that is largely assembled in factories and then transported to sites of use. In the United States, the term "manufactured home" specifically refers to a house built entirely in a protected and multi-family housing. In July 1999, the company's Internet-based exchange for commercial real estate loans (CyberLoan R/E R/E Revolutionary / Evolutionary ) became the first business-to-business exchange to process more than $1 billion in loan applications in a single month. CyberLoan R/E, which is used by more than 400 lending institutions Noun 1. lending institution - a financial institution that makes loans financial institution, financial organisation, financial organization - an institution (public or private) that collects funds (from the public or other institutions) and invests them in , eliminates up to 70 percent of the lender's expenses related to loan processing. The company's Internet-based exchange for manufactured housing loans (CyberLoan MH) is projected to process loan application volume exceeding $170 million by July 2000. Borrowers can access CyberLoan.com's Internet-based exchanges through the company's website at www.cyberloan.com or by visiting websites of lenders that utilize CyberLoan.com's business-to-business enabling technology. Broadmark Capital Corp. is a full-service investment bank providing investment, advisory and financing services to a substantial and diverse client base with offices in 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 , 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 Seattle. Broadmark has three divisions -- Corporate Finance, Capital Markets, and Asset Management. Broadmark's corporate finance division focuses exclusively on emerging technology companies in the business-to-business and telecommunications sectors. "We chose Broadmark for two reasons," said Spencer Kluesner, chief executive officer of CyberLoan.com. "First, they provide very valuable business development, capitalization and strategic partnering services which are critical to the success of emerging e-commerce companies. And second, their experience in this particular business-to-business Internet sector has made them experts in the multi-trillion dollar online lending and loan processing market." Broadmark Chairman Joseph Schocken, said: "CyberLoan.com has the profile of a business that we believe Wall Street will find very attractive. The company is a leader in its sector, is targeting a significant market opportunity, and represents a business-to-business e-commerce enterprise that can scale rapidly, while maintaining attractive margins." Additional information about CyberLoan.com is available at the company's website, www.cyberloan.com, or by calling (303) 757-6298. Additional information about Broadmark Capital Corp. is available at the firm's website: www.broadmark.com. Any questions regarding Broadmark Capital should be directed to James Walsh James Walsh can refer to the following:
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