PRLog - Dec. 10, 2012 - NEW YORK -- EB Capital, LLC (“EastBank Capital”) announced today that it has issued a Loan Agreement for a Commercial Finance Loan (“Loan”) to a privately held company. The proceeds of the Loan will be used for acquisition capital of a U.S. National Sports franchise. The sports franchise is well positioned to add lasting value and enhancement to the local and surrounding communities.
The Borrower is a privately held firm currently involved in investment banking and the capital markets with an emphasis on acquiring undervalued assets. The proposed new management team for the administration post acquisition has a combined total experience of 50+ years in corporate, marketing and sports management.
"This Loan will assist the Borrower in acquiring a proven sports franchise which is positioned in the heart of an explosive growth market area of the U.S.,” said Joshua Estes, Managing Director of EastBank Capital.
About EastBank Capital:
EastBank Capital is a leading international private firm offering Project Finance Loans to clients throughout the world with more than 20 years of combined experience.
The firm’s executives provide a full range of capital solutions to the world’s leading commercial and industrial enterprises, as well as to public and private companies. EastBank Capital’s executives meet the needs of its clients by offering a highly integrated and collaborative range of expertise across key business sectors throughout its global network. EastBank Capital’s integrated practice is underpinned by its team members’ acknowledged expertise and a strong tradition of innovation and client service.