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Friday, April 11, 2008

Internet Business Funded for over $1 million

Tough Acquisition Gets Funded After Numerous Bank Rejections

Florida Real Estate & Commercial Loans, Inc. (FRECL) an affiliate of Commercial Capital Ltd. based in Winter Haven, FL has completed funding of over $1million for the acquisition of a home based Internet Business. "This was a very challenging financing deal that came to us in February 2008" stated FRECL Director Tony DeCresie. "The financing had already been turned down by 2 other lenders prior to coming to us. There was no real estate, no major equipment, inventory or assets of any significance to use as collateral. The purchasers were ecstatic and the seller and their agent were quite satisfied with the professionalism that was demonstrated by all sides. " added DeCresie.

High Prise for Florida Real Estate & Commercial Loans, Inc.
Nate Clement, a partner in ImergeAdvisors the business broker acting as an agent for the seller in the transaction, praised FRECL, "...Tony (DeCresie), very appreciative of all your work as well, everyone on this side is a satisfied customer and very happy your team was able to get this funded in the current challenging debt environment. Look forward to working with you all again before long." Even with the present turmoil in the financing industry DeCresie and his team was able to utilize their expertise in SBA lending and structure the acquisition transaction in a creative manner to enable the funding.

For more information about Business Loans and Commercial Financing contact:

Tony DeCresie
863-298-8900 or 813-833-31332

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