Hometown Commercial Capital Announces Joint Venture with Belvedere Capital Partners.BURLINGAME, Calif. -- Hometown Commercial Capital, an innovator in lending solutions for commercial real estate borrowers and investors, today announced the formation of a joint venture with Belvedere Belvedere (bĕl`vədēr, Ital. bālvādĕ`rā), court of the Vatican named after a villa built (1485–87) for Innocent VIII. Capital Partners. California-based Belvedere is the lead investor in the new firm along with participation from management and other investors. The formation and funding of the new entity will allow Hometown to nationally extend its community bank lending programs aimed at servicing the diverse and often unique needs of commercial real estate borrowers. Hometown will provide a superior product and service offering to those borrowers who are often confronted with limited funding alternatives and time consuming delays during the lending process. Hometown will be lead by a team of senior executives steeped in mortgage banking, asset securitization Securitization The process of creating a financial instrument by combining other financial assets and then marketing them to investors. Notes: Mortgage backed securities are a perfect example of securitization. May also be spelled as "securitisation. and commercial real estate underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. standards used by traditional providers. William G. Fisher has been named Chief Executive Officer of the new firm. Fisher previously served as Executive Vice President of 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. and more recently was the 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. of a successful 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. start-up firm that was later acquired by a major bank. "We seek to bring unique lending solutions to commercial real estate borrowers and investors," said Bill Fisher William Fisher (born 23 October 1928 in New York City) is an American journalist and retired manager of development programmes. He is a regular contributor to the news agency Inter Press Service, for which he mainly covers issues of human rights, foreign policy, international , Hometown's CEO. "Both our internal research and market experience shows real estate borrowers are seeking more flexible approaches and new sources for financing their projects," Fisher added. Gary S. Gertz, President & Managing Director of Belvedere, has been appointed to Hometown's Board of Directors. "We are pleased to partner with this veteran management team to assist in executing on their unique business model that will help deliver responsive financial solutions to a highly receptive segment and meet the growing needs of community bank customers," Gertz said. About Belvedere Capital Partners Belvedere Capital Partners is a private equity investment firm dedicated to providing value-added private equity capital to the banking and financial services sector. Belvedere partners with strong management teams to build profitable, growing franchises that attract the best talent and deliver excellent returns for shareholders. About Hometown Commercial Capital Hometown Commercial Capital specializes in customized origination solutions for commercial real estate borrowers and investors. Through Hometown's proprietary products and processes, borrowers can select from multiple alternatives to bank-type loan programs and can complete funding in a minimum of time. Hometown operates nationwide and is headquartered in Burlingame, California Burlingame is a city in San Mateo County, California, which is the second wealthiest county in the state, as well as the fourteenth richest in the country. It is located on the San Francisco Peninsula and has a significant shoreline on San Francisco Bay. . |
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