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Follow on Google News | Eastern Capital Appoints Dynamic New Director Keith Wells & Industry Acclaim For Mr"Private Money."Recently appointed Keith Wells is now director of Georgia Division of Eastern Capital which has Won Industry Praise By Providing Viable & Innovative Commercial Funding Alternatives Creating Jobs All Over and Equally as Many Employment Opportunities .
By: James Bourn III Chief Operating Officer Desmond Stoll announces increase debt focus on hospitality At the 17th annual Lodging Conference in Phoenix, AZ, Jim Francis CEO of Chesapeake Lodging Trust announced that private REIT’s are out of the buying game. The significant announcement does not come as a surprise as REIT’s are working to stabilize decreasing share values. The looming debt maturities anticipated through 2013 are a signal of the limited equity capital available to fill the void. Limited debt options for the hospitality industry has left openings for companies like Eastern Capital to increase focus on an industry experiencing constant international growth over the last 18 months. Expedia has reported that in June “international visitors spent nearly $12.5 billion traveling to the U.S. and buying tourism-related activities.” More banking institutions are incorporating discounted debt payments to alleviate extended portfolio percentages of hospitality properties. It is this sort of circumstance that opens the doors for Eastern Capital. The company has proposed billions of dollars for debt financing of hospitality properties. According to Desmond Stoll, COO of Eastern Capital, “We have a focus to help stabilize the hospitality industry as well as take advantage of current banking practices for current valuation of discounted payoffs.” Eastern Capital’s current model allows for significant impact on industry experiencing stable growth. We would like to announce the appointment of Dr. Raymond Puzio to the Board of Directors for Eastern Capital, LLC. Raymond Puzio a member of NMLS; has many years of experience crafting and funding commercial loans for all types of developmental projects. His longstanding relationship with Eastern Capital signifies his dedication to the company’s future and the goals of all his clients’. “Private Money” Commercial Lender Joseph JT Tommasso of Eastern Capital Wins Industry Praise By Providing A Viable Alternative For Many Commercial Borrowers And For Creating Many Desperately Needed New Jobs. With the scarcity of funding available for most real estate transactions, many commercial real estate projects have all but come to a grinding halt, with most not even able to leave the drawing board. This one issue causes an even bigger problem in that once completed, many commercial real estate projects create desperately needed new jobs as the economy recovers. So what’s a commercial borrower to do? The answer is simple – call upon Joseph JT Tommasso of Eastern Capital, who currently has access to over 400MM to lend for commercial real estate projects of all types. September 20, 2011 – Eastern Capital, found on the web at Eastern-Cap.com , has been recognized by two of the housing industries largest electronic publications, MortgageTrends, and RealEstatePro News, as being the company of choice for the individual or company who needs alternative funding for almost any type of commercial real estate transaction including raw or developing land, industrial, office, residential and mixed use, - with a lending process that is clear, concise and very effective for all parties involved. Paying careful attention to the economy and the needs of today’s commercial borrowers, Eastern Capital has carefully crafted its lending programs and guidelines to be conducive to getting its clients commercial real estate projects rapidly funded and underway, rather than flounder and fizzle out in the underwriting process. This streamlined, fast-track lending approach has resulted in stellar results and rapid growth for many Eastern Capital clients who simply could not get the answers, or funding needed, for their projects elsewhere. “The bottom line is we, at Eastern Capital, want to fund as many viable commercial real estate projects as possible this year and want to do our part in regards to rebuilding the economy. Every project is different, often with a unique benefit as well as a unique lending structure. Clients who cooperate with my team benefit by having the best minds in the business roundtable to formulate a business-building lending strategy from day one. Our proprietary due- diligence process not only protects all parties involved, but goes way beyond the loan; by assessing how we can assist our clients remain successful in their respective venture(s) on a post-funding basis. This one philosophy alone is a huge differentiating factor for the both Eastern Capital and our clients. ” says Joseph JT Tommasso, one of Eastern Capital’s senior members.. “We have seen various private lenders come and go over the years. What seemed to be missing was an organization that looked at the big picture before making a lending decision, on an individual basis. I see Eastern Capital as more than a Private Commercial lender. Way more. Eastern-Cap.com is as a viable, true and solid funding solution to the commercial real estate industry where projects that need funding, can get it without the hassles and red-tape normally associated with conventional bank loans. After examining, at length, the commercial lending solutions provided by Eastern Capital, I am compelled to provide my official endorsement and seal of approval. In my opinion, Joseph JT Tommasso and the entire team at team at Eastern Capital are sincerely interested and motivated in helping their clients fund their projects and they go above and beyond the call of duty in everything that they to make these transactions happen for individuals and organizations that utilize their services. These days, this is powerful, really powerful. This is the kind of service that allows for economic growth and recovery – and we are all for it. “says MortgageTrends and RealEstatePro News which are published by VerticalMail “Our team often hears sighs of relief from our new clients, stating that our commercial lending services are exactly the kind of programs that they were looking for- especially by those whose projects became recently derailed because of the lack of conventional real estate funding and current economic conditions. Our services allow our clients to focus on their business with confidence in knowing that our highly proficient, customer-centric oriented lending team is never more than a mouse-click or phone call away. We truly want our clients projects to fund rapidly and launch successfully and create as many new jobs as possible.” says JT. Even better, Eastern Capital plans to expand it’s offerings by making several more unique Private commercial lending programs available in the near future and by being ahead of the game in regards to it’s technology, make sense underwriting and streamlined due-diligence process. When it comes to getting a commercial real estate project funded in today’s economy, Eastern Capital can’t be beat. You can learn more about Eastern Capital by contacting Keith Wells GA Director at Keith Wells Director ( Head Of The GA Headquarters) Eastern Capital LLC 1230 Peachtree Street North East Suite 1900 Atlanta,Ga 30309 Phone: 404-942-3339 Website: www.eastern- Conference:1- Pin:1086104# Member of the American Association of private lenders # # # Eastern Capital, found on the web at Eastern-Cap.com ,are an established portfolio lender for commercial real estate loans offering attractive financing solutions and pricing for unconventional and hard-to-place real estate loans across all 50 states. End
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